Executive Director
Leong Chee Mun
CEO of the Mega Group
Mr. Leong is the visionary founder and CEO of Mega, Sinar, and Le Grand, collectively referred as the Mega Group. Having entered the gold industry at an early age, he boasts a deep understanding of all the processes involved in recovering and recycling scrap gold, as well as extensive knowledge of the factors that drive demand in the gold market.
A shrewd businessman, Mr. Leong has demonstrated his uncanny ability to transform crisis into opportunity many times, most notably in the period following the 9/11 terrorist attacks when gold prices skyrocketed. Instead of panicking at the prospect of increased inventory costs, Mr. Leong, (correctly) predicting that gold prices would remain on an uptrend for quite some time, decided to obtain the necessary financing to buy scrap gold in bulk before processing it into jewellery and selling it for a higher price. By doing so, he not only successfully averted a financial crisis for the Mega Group, but also laid the foundations for a vertically integrated business model that remains highly profitable to this day.
Under Mr. Leong’s steady stewardship, the Mega Group has justly earned a reputation as one of the rare players in the gold industry to have never defaulted on our debt, in contrast to many other businesses in the same sector that failed to repay their loans due to financial mismanagement or outright fraud. His prudence, foresight, and Midas touch when it comes to business will be instrumental in the next phase of the Mega Group’s meteoric rise to the top of the industry.