Malaysian Port Billionaire Gnanalingam Gunanath Lingam Dies At Age 78

Date:

Share post:


Westports Holdings founder and chairman G. Gnanalingam passed away on Tuesday at the age of 78, as per the company’s filing with Malaysia’s stock exchange.

“Tan Sri Datuk Gnanalingam was the founder of the Company and a source of inspiration; he touched our lives and the community with his compassion, generosity and kindness,” said the company. Gnanalingam is survived by wife Siew Yong and children Ruben Emir, Shaline and Surin.

The Malaysian billionaire cofounded Westports Holdings with Ahmayuddin bin Ahmad in 1994 by securing the concession to operate. He had been executive chairman of Westports Holdings since 2013. He also held the same position at Westports Holdings’ wholly-owned subsidiary Westports Malaysia since 2000, while his son Ruben Emir is Westports Holdings’ group managing director.

Derived from Westports Holdings, Gnanalingam had built a fortune of $1.4 billion as of Tuesday. “His vision and stewardship of the company have built and transformed Westports and Port Klang into the preeminent gateway port in Malaysia and one of the transhipment hubs in South East Asia,” said the company’s statement.

Westports Malaysia is one of the leading multicargo port operators in Southeast Asia with 80% market share of Port Klang’s container traffic on the west coast of peninsular Malaysia. Strategically located in the Strait of Malacca, Westports Malaysia has connectivity with 350 ports worldwide. Last year, the company posted a 2.1 billion ringgit ($445 million) in revenues, a slight increase from 2021.

It provides a wide range of port services, including marine services, rental services and other ancillary services. The company owns a 60-year concession to operate and expand its container terminals in Pulau Indah, Port Klang, a major transhipment hub in the Strait of Malacca.

Gnanalingam started his career as a sales representative of British American Tobacco group in 1968, and in 1980 was appointed as marketing director. With long experience in the marketing space, in 1988 he started G-Team Consultants, a marketing consultancy firm. Gnanalingam attended the Royal Military College in Malaysia from 1960 until 1964 before obtaining a bachelor’s in arts from the University of Malaya in 1968.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Wells Fargo and Centerbridge team up on $5bn private credit fund

Receive free Private credit updatesWe’ll send you a myFT Daily Digest email rounding up the latest Private...

Greater Manchester mayor proposes compromise on HS2 rail line

Receive free High Speed Two Ltd updatesWe’ll send you a myFT Daily Digest email rounding up the...

Nigeria’s Senate confirms new central bank governor amid currency rout

Receive free Nigeria updatesWe’ll send you a myFT Daily Digest email rounding up the latest Nigeria news...

FTC lawsuit accuses Amazon of wielding monopoly power over online retail

Receive free Amazon.com updatesWe’ll send you a myFT Daily Digest email rounding up the latest Amazon.com news...

Saudi official meets Palestinians as diplomats step up talks on regional accord

Receive free Middle Eastern politics & society updatesWe’ll send you a myFT Daily Digest email rounding up...

Global stocks fall over prospect of extended high interest rates

Receive free Markets updatesWe’ll send you a myFT Daily Digest email rounding up the latest Markets news...

How China can avoid the Japan trap

Receive free Chinese economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest Chinese...

JPMorgan settles Epstein lawsuits with US Virgin Islands and Jes Staley

Receive free JPMorgan Chase & Co updatesWe’ll send you a myFT Daily Digest email rounding up the...