FACB Industries has informed that its Executive President Tan Sri Dr Chen Lip Keong had passed away on 8 December 2023.
The board has expressed its deepest sorrow over the death and conveys its condolences to his family. The Board has also acknowledged Tan Sri Dr Chen’s invaluable contributions and leadership over his 29 years with the Group and will always be remembered.
It also reiterates that an experienced and dedicated Management team to lead and achieve the Group’s initiatives and plans.
FACB is the company behind Dreamland mattress brand and a pioneer in the spring mattress technology, the bedding division has more than 20 years of experience in the industry.
Tan Sri Chen is also the founder of NagaCorp in 1995 which owns and operates the largest integrated gaming and entertainment resort in the Mekong Region. It filed for its initial public offering (“IPO”) on the Hong Kong Stock Exchange (“HKSE”) in 2006, making it the first gaming company listed on the HKSE and the first Cambodia-based company listed on a foreign stock exchange.
Today, NagaCorp is one of the largest and best performing listed gaming companies in Asia, with market capitalisation growing by 11 times since the IPO.
