Singapore, 13 July 2011 – Overcoming a business failure once is difficult enough, but doing it for a second time after the first business fails calls for a certain type of fortitude.
Mohamed Salleh Marican did just that, and in the process, led his company to become the first Malay/Muslim-owned firm to be listed on the Singapore Exchange (SGX) Main Board. It is also this drive that has won him the prestigious Berita Harian Achiever of the Year Award 2011.
Salleh received the award at tonight at the Shangri-La Hotel Singapore from Mr Lui Tuck Yew, Minister for Transport.
The annual award, now in its 13th year, is organised by Singapore Press Holdings’ Malay daily, Berita Harian. It honours Malay/Muslim individuals for their achievements in their chosen fields, be it education, business, arts and culture, sports, the professions or social work. The qualities that the judging panel looks for include perseverance, determination, the ability to overcome odds and integrity. Above all, the winner must be a role model for the Malay/Muslim community in Singapore.
The winner of the award is picked by a panel of seven judges from the Malay/Muslim community in Singapore, headed by Mr Wan Hussin Zoohri, President of LBKM (Prophet Muhammad Birthday Memorial Scholarship Fund Board).
Salleh’s journey to success had an inauspicious start, with a tailoring business at Peninsula Plaza failing after just four months in 1974. When he set up his next business the following year, he named it Second Chance to reflect his second shot at success.
By 1988, Second Chance was a household name in menswear with 18 stores, and Salleh even won the Malay Businessman of the Year award that year. However, that ironically caused sales to dip as customers previously had the impression that Second Chance was a western, rather than local, brand. Salleh quickly responded by diversifying his business into traditional Malay ladieswear and gold jewellery with First Lady and Golden Chance respectively.
The business was further diversified when Salleh began a systematic accumulation of properties at attractive prices, building up a sizeable portfolio. The company now has more than 70 properties, including three in Kuala Lumpur, with a combined value of around $150 million.
Now known as Second Chance Properties Ltd (SCP), the retail-cum-property group was listed on Sesdaq in 1997 and made it to the SGX Main Board in February 2004. Last year, the company's rental income totalled more than $10 million, with a net profit of $9.2 million. It was ranked 298 out of 802 firms listed on the board, based on market capitalisation.
Today, Salleh is the Chairman and Managing Director of SCP, which recorded an $11.33 million net profit for the first nine months of its financial year that ended in March 2011. SCP’s successful retail arm also has branches in most Malaysian states.
Since the formation of Tabung Amal Aidilfitri (TAA) in 1992, Salleh has been a regular contributor to the Charity fund with yearly donations. To date, he has contributed hundreds of thousands of dollars to the fund, which was set up to help needy Malay/Muslim families.
Previous winners of the Berita Harian Achiever Award were:
- Dr Mansoor Abdul Jalil, lecturer with the Department of Electrical Engineering at the National University of Singapore (NUS)
- Professor Aziz Nather, director at the Tissue Bank and consultant with the Department of Orthopaedic Surgery at NUS
- Madam Halimah Yacob, Assistant Secretary General of NTUC
- Mr Iskandar Jalil, master potter
- Mr Iskandar Mirza Ismail, veteran composer
- Haji Abu Bakar Maidin, a veteran of social service
- Mr Zulkifli Baharudin, Chairman of Mercy Relief
- Mr Mardan Mamat, millionaire golfer
- Mr Ashley Isham, fashion designer
- Datuk Mohd Zain Abdullah, accomplished businessman in the shipping industry
- Madam Som Binte Mohamed Said, cultural ambassador, and
- Mr Shafie Shamsudin, Chief Executive Officer of Carrefour Indonesia
Issued by Singapore Press Holdings Ltd
Co. Regn. No. 198402868E
For media enquiries, please contact:
Assistant Promotions Manager
Promotions & Events, Marketing Division
Tel: 6319 4029
Mobile: 8188 8950
Nazri HADI Saparin
Tel: 6319 5038
Mobile: 9150 0302
Singapore Press Holdings
DID: 6319 1895
Email : email@example.com
About Berita Harian
Established in 1957, the Malay daily covers a wide spectrum of topics from politics and sports to culture and religion. It is a paper which speaks with authority and understands the needs and interests of the Malay community.
About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
In Singapore, SPH publishes 18 newspaper titles in four languages. Every day, 3 million individuals or 77 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 263 million page views with 18 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include an online marketplace for products, services and employment, ST701; Stomp, omy.sg, and The Straits Times RazorTV.
SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. In the radio business, SPH has an 80 per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 in Chinese and 91.3FM in English.
Events and Outdoor Advertising
SPH’s events subsidiary Sphere Exhibits organises innovative consumer and trade events and exhibitions. In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s leading Digital Out-of-Home advertising company.
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its latest retail development, The Clementi Mall, started business operations in 2011. SPH's wholly-owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
For more information, visit www.sph.com.sg.