Kith Meng
Kith Meng | |||||||
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.jpg) Kith Meng in 2024 | |||||||
| Born | September 1, 1968 | ||||||
| Citizenship |
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| Alma mater | University of Canberra (Economics B.A.) | ||||||
| Occupation | Chairman & CEO of The Royal Group | ||||||
| Years active | 1991–present | ||||||
| Known for | Businessman | ||||||
| Spouse | Mao Chamnan | ||||||
| Children | 4 | ||||||
| Chinese name | |||||||
| Simplified Chinese | 陈丰明 | ||||||
| Traditional Chinese | 陳豐明 | ||||||
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| Website | Royal Group | ||||||
Kith Meng (Khmer: គិត ម៉េង; Chinese: 陈丰明) is a Cambodian businessman. [1] He is the chairman and CEO of The Royal Group which counts among its holdings 45% of J Trust Royal Bank, the mobile phone operator Cellcard and 100% of Royal Railways. Meng also owns 100% stake in Cambodia's television and telecommunications networks CBS, Hydro Power Lower Sesan 2, a 400MW plant, Chailease Royal Leasing and Chailease Royal Finance in partnership with Chailease of Taiwan, Cambodian Broadcasting Corporation and CamGSM.[2][3][4] Meng is known for his preference for entering Cambodian companies into joint ventures with international companies.[5] He is sometimes referred to in the press by the nickname "Mr. Rough Stuff" after a leaked US diplomatic cable using that nickname alleged his involvement in criminality and corruption.[6][7][8][1]
Early years
[edit]Meng is the youngest of three sons of Chinese Cambodian businessman Kith Peng Ike. He led a comfortable life in his hometown in Kandal Province until 1975 when the advent of the Khmer Rouge regime caused major social upheaval.[9] His family were among those targeted by the Khmer Rouge because of their wealth, ethnicity and socio-economic status. The entire family was sent to a labour camp where, upon arrival, Meng and his two brothers were separated from their parents who later died of starvation.[10] During the confusion resulting from the Vietnamese invasion of Kampuchea, Meng escaped with his older brother Sophan Kith to Phnom Penh, from which they then fled for the refugee camps in Thailand. In Thailand, Meng later related, “They put us in a pig farm...we slept with the pigs...we no longer existed; we had no state, nothing."[10] In 1980, Meng and Thieng were found by a family member in a Thai refugee camp and both brothers immigrated to Australia, where they worked and attended school in the nation's capital, Canberra.
Returning from Australia to Cambodia
[edit]In 1991, Meng and Thieng returned to Cambodia, where he and his older brother Sophan Kith began selling furniture and office supplies to the UN and operated a Canon copiers franchise before establishing The Royal Group.[10] In 2008, Meng unseated Sok Kong as President of Cambodia's Chamber Of Commerce. He was elected by his fellow Chamber members unopposed for another three-year term in 2011[11] and again in 2014.[12] In 2020, Kith Meng and his spouse donated $500,000 to the Cambodian government to fight COVID-19.[13]
Politics
[edit]
Commentators have compared Meng to other well-known Asian tycoons including Singapore's Lee Kuan Yew and Thailand's Thaksin Shinawatra.[5] However, Meng has downplayed suggestions he may one day stand for Prime Minister, saying, "leave politics to the politicians".[10] Still, Meng often accompanies Cambodia's Prime Minister Hun Sen abroad to help promote Cambodia's economic interests[10] and is a strong supporter of Hun Sen. Meng carries the honorary title of "Neak Oknha", a title bestowed by the Royal Family on those who make contributions of $10,000,000 or more.[9][14]
Allegations of corruption
[edit]In June 2011, a leaked American diplomatic cable called Meng a "relatively young and ruthless gangster," and stated that he was "notorious for using his bodyguards to coerce others into brokering deals."[11] Meng has received particular criticism regarding his land deals and land rights, being accused of using his political connections to forcefully clear questionably acquired real estate of residents and national monuments in order to proceed with development.[9][15] Meng and his companies have also been the center of controversies regarding environmental issues in Cambodia, most prominently illegal logging in protected areas of the northeast (including Virachey National Park) displacing indigenous villages[16] and destroying rural villages and fishing grounds for hydroelectric projects without compensation or proper environmental assessment reports.[17]
In 2017, the Cambodian Police released a report connecting Kith Meng with illegal logging operations,[7] but retracted the report, saying only that it was a "technical mistake."[18]
List Company under Kith Meng
[edit]| Names | Companies Type | Net Worth |
|---|---|---|
| Cellcard | Telecommunications | $602 million |
| J Trust Royal Bank | Financial | $1.4 billion |
| Royal Toll Depot | Transport | $71.2 million |
| Royal Group Phnom Penh SEZ | Special Economic Zone | $1.7 billion |
| Wing Bank | Financial | $1.6 billion |
| CBS, CNC, CTN, MYTV | Media Entertainment | $1.8 billion |
| Ezecom | Internet Service | $70.6 million |
| Royal Group Tower | Real Estate | $456 million |
| Infinity Insurance | Life Insurance | $342 million |
| Koh Rong International Airport | Aviation | $300 million |
| Koh Kong Coal Power Plant | Electricity | $1.5 billion |
| Sesan Dam Power Plant | Electricity | $781 million |
References
[edit]- ^ a b Montlake, Simon (2013-04-04). "Cambodia Tycoon To Launch New Airline With Philippine Flag Carrier". Forbes. Retrieved 2022-06-04.
- ^ Lee, Yoolim (27 August 2008). Pol Pot Victims From Killing Fields Plan Resorts by Angkor Wat Bloomberg. Retrieved 2 July 2011.
- ^ "Dam in Sesan begins operations". Khmer Times. 17 December 2018.
- ^ Crispin, Shawn W (1 September 2007). "The rise and rise of a Cambodian capitalist". Asia Times. Archived from the original on 4 September 2007. Retrieved 1 July 2011.
- ^ a b Minder, Raphael Minder (17 August 2008). "Cambodia's Transforming Tycoon". Financial Times. Retrieved 1 July 2011.
- ^ "Cambodia's Top Ten Tycoons". 9 August 2007.
- ^ a b Black, Euan (May 17, 2017). "Cambodian National Police accuse top tycoon of role in large scale environmental crime". Southeast Asia Globe.
- ^ McKenzie, Nick (March 14, 2016). "Tabcorp's murky Cambodian adventure". Sydney Morning Herald.
- ^ a b c Gluckman, Ron (2 November 2008). "Bringing Commerce to Cambodia". Forbes Magazine. Retrieved 15 September 2015.
- ^ a b c d e Powell, Sian (21 March 2011). "Royal Connections". The Australian. Retrieved 1 July 2011.
- ^ a b Rann, Reuy (9 August 2011). "Kith Meng re-elected". The Phnom Penh Post. Retrieved 15 September 2015.
- ^ Muyhong, Chan (23 January 2015). "Subedi talks rights with CCC president Kith Meng". Phnom Penh Post. Retrieved 16 September 2015.
- ^ "PM thanks tycoon and wife for $25,000,000 donation to fight COVID-19 - Khmer Times". 2020-03-20. Retrieved 2022-01-17.
- ^ Niem Chheng (11 April 2018). "Hun Sen officially launches Kantha Bopha Foundation Cambodia". The Phnom Penh Post.
- ^ Aun, Pheap (30 December 2014). "Governor Offers Help to Farmers in Land Dispute With Kith Meng". The Cambodia Daily. Retrieved 16 September 2015.
- ^ Hul, Reaksmey (27 August 2015). "New Report Shows Huge Loss of Cambodia's Forest". Voice of America, Khmer. Retrieved 16 September 2015.
Many companies have carried out logging in this area, surrounding and inside this park, including An Mady Group, Kith Meng Group...
- ^ Denyer, Simon (5 September 2015). "China's Back Yard: Cambodia The push and pull of China's orbit". The Washington Post. Retrieved 16 September 2015.
- ^ Black, Euan (May 22, 2017). "Cambodia's National Police retract report linking Royal Group tycoon to illegal logging". Southeast Asia Globe.