RH PETROGAS' chairman is 10th richest man in Malaysia, and a serial successful entrepreneur

a) timber b) oil & gas c) palm oil d) media publishing d) salmon farming e) mining f) property development g) optical fibre manufacturing A rare serial entrepreneur, Tan Sri Datuk Sir Tiong Hiew King has money in all these ventures and more, which have contributed to his net worth of US$1.2 billion. He was ranked the 10th richest Malaysian on the Forbes list for 2010. Despite his immense wealth and the award of knighthood by Queen Elizabeth in 2009, Tan Sri, 75, is relatively low profile  and not many  Singaporeans know him well. He is, of course, better known in his home country where he owns significant business interests and continues to live and work. Singapore-listed RH Petrogas' chairman is Tan Sri Datuk Sir Tiong Hiew King, the Rupert Murdoch of the Chinese media, and the tycoon behind the largest forestry group in the world. HOW MANY successful local or regional entrepreneurs do you know who is into businesses as diverse as the following?

Tan Sri Datuk Sir Tiong Hiew King, executive chairman, RH Petrogas

Its first oil and gas project is a production sharing contract with China National Petroleum Corporation to jointly develop and produce hydrocarbon resources in Block 1 of Fuyu in the Songliao Basin, Jilin Province, the PRC.   

RH Petrogas has also successfully completed the acquisition of Singapore-based Orchard Energy on 14 June 2010.

Orchard Energy is an oil and gas exploration and production company which holds a production sharing contract in relation to the exploration and production of petroleum in West Belida Block, Jambi, South Sumatra, Indonesia, covering an area of approximately 1,402 sq km.

EGM on 14 Dec. 2010  to approve 2 major transaction.

Oil price $89.19  share price $0.54

I still think share price can go higher next week.