Monday, April 24, 2023

Insas Bhd CEO Wong Gian Kui 's directorship of Singapore company Immobiliarie not disclosed in Bursamalaysia announcements - Godfather like company resembles an Insas clone

 by Ganesh Sahathevan 



                                                                              




The above is an extract from an  Accounting and Corporate Regulatory Authority Singapore (ACRA) company search. The company was incorporated in 1991 and had its name changed in 1992 to  Immobilliarie  Holdings Pte Ltd in 1992. 

The director, Dato Wong Gian Kui, is CEO of Insas Bhd, among other corporate appointments. His directorship of Immobiliarie has not been disclosed in any Bursamalaysia announcements which concern him. 

The company has two shareholders, Dato Thong Kok Khee, and Thong Weng Sheng  who are also directors.   of the company. Kok Khee  controls Insas and held various posts including that of CEO and deputy chairman until 2019.  Gian Kui succeeded Kok Khee as CEO of Insas in 2019. 

Other directors include Yeoh Kwee Swee, Thong Mei Chuen, Soon Li Yen.   The documents at the links provided will show that all have a connection to Insas, the first two as shareholders, and the third as a director. 

The exotic sounding name may sound familiar to fans of the Francis Ford Capolla Godfather series.

Immobilliarie  is the name of the company  Michael Corleone takes over by force in Godfather III, which was released in 1990. Immobilliarie Holdings Pte Ltd is not mentioned anywhere in Insas annual reports or other BursaMalaysia announcements.  There is however  mention of Immobilliarie  Holdings Sdn Bhd as a shareholder of Insas, which appears to be controlled by Kok Khee.

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