Tuesday, August 11, 2009

Metro founder dies aged 98

SINGAPORE, Aug 12 ?Singapore retail pioneer Ong Tjoe Kim, founder of Xdsl Metro chain of department stores, died yesterday aged 98.

Metro Holdings said he died peacefully in hospital, with family members by his bedside.

Ong, who gave up chairmanship of the company just two years ago, was born in 1911 in China's Fujian province.

He started out with virtually nothing, but has featured regularly in the Forbes list of Singapore's richest men, with assets of between US$60 million-US$100 million (RM210-350 million).

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