PETALING JAYA: Property tycoon Tan Sri Chan Ah Chye, the single-largest shareholder of Talam Transform Bhd , died at the age of 78.
In a filing with Bursa Malaysia, Talam announced that Chan died yesterday.
Chan was formerly the executive chairman of Talam prior to his re-designation as non-independent non-executive director on Jan 22, 2009.
He was also a member of the nomination committee of the company. The tycoon owns a stake of 23.46% in Talam, according to Bloomberg data.
Chan graduated with a Bachelor’s Degree in Civil Engineering from the University of Malaya in 1970 and was a member of the Institution of Engineers, Malaysia since 1974.
He has over 50 years of experience in the property and construction industry since he started his career with Messrs Binnie & Partners (M) Sdn Bhd and later joined Perbadanan Kemajuan Negeri Selangor in 1971 as a project manager handling project designs, management and property development.
He was formerly the executive director (president/chief executive) and former major shareholder of Kumpulan Europlus Bhd (now known as WCE Holdings Bhd ).
WCE is the concessionaire of the West Coast Expressway.
Chan’s son, Chan Tet Eu, is an executive director and major shareholder of Talam, according to its website.
His spouse Puan Sri Datin Thong Nyok Choo and daughter Chan Siu Wei are also major shareholders of the company.