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Malaysian billionaire Tan Sri Quek Leng Chan

Malaysia’s Hong Leong Group has made a $155 million investment into Singapore-based offshore logistics service provider Ezion, the company said Thursday.

The investment will come in the form of a subscription of 100 million new ordinary shares in the Singapore company.

Chew Thiam Keng, Group CEO of Ezion said “We are most happy to have the privilege of working with Tan Sri Quek Leng Chan, an esteemed and most well regarded global investor.” 

“On behalf of the Board and management of Ezion, warmly welcome his investment,” Chew said.

Tan Sri Quek Leng Chan, who controls the Hong Loeong Group, is currently Malaysia’s third richest person, with an estimate net worth of $7.1 billion.