United Malacca's executive director Lip Sin passes away
KUALA LUMPUR: United Malacca Bhd has announced that its executive director Datuk Seri Tee Lip Sin has passed away at the age of 55.
United Malacca Bhd has announced the passing of its executive director Datuk Seri Tee Lip Sin, who was 55 years old at the time of his death. According to a filing with Bursa Malaysia, Tee began his career as an executive at Prosper Capital Holdings Sdn Bhd in 1995 and eventually became an executive director, group managing director of Prosper Group, and a director of Prosper Capital Holdings.
He was also a substantial shareholder of United Malacca and held several directorships in various plantation and milling businesses. Tee had a Master of Business Administration from the University of Sunderland and a degree in Business Administration from the University of Wales. His death occurred two days after United Malacca announced a mandatory general offer at RM6.10 a share, following the acquisition of a 13.44% stake in the company by Prosper Trading Sdn Bhd.
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