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[PRTASCO] Tey Por Yee serial entrepreneur lost his midas touch?

Low profile serial entrepreneur Tey Por Yee (https://asiaserialentrepreneur.blogspot.com) who took over Malaysia construction company Protasco Bhd on November 2012, just 5 months after the company former Managing Director Chong Ket Pen was replaced by See Ah Sing, Ibrahim Noor and few other directors on the Protasco board, have seen divesting his interest in Malaysia, a country of 30 million population.

According to technology venture capital circles, Tey Por Yee is not a new name in startup investments. There are records of his finger print in over 1,000 startup companies span across America, Europe and Asia. A record of contribution in putting his trust and money where his mouth is. Besides startups, Tey Por Yee is also serial entrepreneur who acquire companies, turn around, and boost business and growth with a midas touch.

Bites the hand who feeds is not new, and it happens just 2 years after the return of Tey Por Yee to invest in his home grown country Malaysia. One of his investee, Protasco Bhd, whom he purchased from former owner, a reputable business tycoon and politician, was back fired by the company managing director, the same person Tey Por Yee and his fellow partner Ooi Kock Aun helped and hired again to run day to day operation in Protasco Bhd. Market consensus believed that the same betrayal has lead to authorities being used to cause business failure and suffer of their investments in various public listed companies.

Venture capital industry needs bold and brave investors to nurture startups and growth companies. The entrepreneur spirit like Tey Por Yee would be a lost to global capital market, especially start up funding circles. Did Tey Por Yee lost his midas touch? Maybe his foot print out side of Malaysia would tell a better story.
Here is some more interesting information about the legendary venture capitalist Tey Por Yee.


Perhaps search Google for more traces would find when and where Chong Ket Pen prayed, beg and cheat the investor Tey Por Yee to save him in June 2012 when Chong Ket Pen was fired and replace by See Ah Sing and few other directors in Protasco, and came back to control on November 2012 after Tey Por Yee and Ooi Kock Aun purchased Protasco. The fact is, Chong made up story and cheated Protasco from the investors Tey Por Yee and Ooi Kock Aun. No matter what story Chong fabricates.

Portico falls into the cheater hand, check out Bursa Malaysia announcement will find all the truth. End of day Chong Ket Pen cheated Tey Por Yee and Ooi Kock Aun, the entrepreneur who saved him, no matter what crap story Chong spam the media and authorities to cover up.

Portico Staff in the know
Here's more trail on Google about angel investor Tey Por Yee:

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