BFM 89.9

HIGHLIGHTS 
Podcast  >  Morning Run  >  The Breakfast Grille  >  Teong Has No Plans To Sell Out, Still Very Invested In GDex

Teong Has No Plans To Sell Out, Still Very Invested In GDex

10-Oct-17 08:05

Teong Has No Plans To Sell Out, Still Very Invested In GDex

There had been news that Japan's Yamato is considering taking a majority stake in Malaysian GD Express Carrier Bhd (GDex) from its 23% currently, and it wants to “position Malaysia as a strategic base".

In an exclusive interview with BFM, Teong Teck Lean CEO and largest shareholder of GDex revealed that he is still very invested in the company. "For me, it is better that we have a strategic partnership. I still have a lot of passion and like to take this whole business to the region," he said.

GDex signed a collaboration to look at the ASEAN market with its substantial shareholder Yamato -- Japan’s largest door-to-door delivery service company. Teong gave an update on how the collaboration is panning out and what are the targets for this partnership.

Apart from Indonesia where GDex has already set up shop, Teong shared that they are also looking at Vietnam, Myanmar, Thailand and the Philippines but pointed out that they need to ensure they find the right partner for the markets.

Teong invested into the company in 2000 when GDex was loss-making. Why buy into a loss-making company that had creditors lining up for payments? And at that time, there was no sign of the e-commerce boom yet. Teong shared with us what was it about GDex that caught his eye.

He also talked about intensifying competition as the e-commerce play heats up and what is the company's strategy to fend them off.

Teong also spoke about GDex's next move in the midst of a tougher operating landscape.

Presented by: Joyce Goh


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: 

Tags:  GDexe-commerce





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

David Dietze, Chief Investment Strategist, Dietze Wealth Management Group tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Dan Ives on what is powering the tech sector in 2H 2025

7:45 AM

Morning Brief

Bunn Nagara, Perak Academy, discusses outcomes from the BRICS Summit.

8:00 AM

The Breakfast Grille

Tan Sri Dr Rebecca Fatima Sta Maria, Director of IDEAS and Tan Sri Nazir Razak, Chairman of ASEAN-BAC Malaysia, discuss what ASEAN needs to do to achieve its goal of becoming the world’s fourth-largest economy by 2045.

8:30 AM

Morning Brief

We break down the day’s top news with expert insights.

8:45 AM

Morning Brief

Wong Chen, MP for Subang, talks about nine PKR MPs pushing the government to set up a Royal Commission of Inquiry to investigate alleged judicial interference and restore trust in the system.

9:00 AM

Opening Bell

(REPEAT) David Dietze, Chief Investment Strategist, Dietze Wealth Management Group tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

People, Planet, Profit

Datuk N. K Tong, nuclear energy advocate, discusses advancing nuclear power to support Malaysia’s net zero goals.

10:05 AM

Open For Business

Yanesly Widjaja and Julie Lee, Directors of Summer Academy, talk about its Dutch-inspired secondary school, with happiness as the foundation for lifelong learning.

11:00 AM

Marketing Mojo

12:00 PM

Enterprise Explores

1:00 PM

The Breakfast Grille Repeat

Tan Sri Dr Rebecca Fatima Sta Maria, Director of IDEAS and Tan Sri Nazir Razak, Chairman of ASEAN-BAC Malaysia, discuss what ASEAN needs to do to achieve its goal of becoming the world’s fourth-largest economy by 2045.

2:05 PM

Discovery Hour

3:05 PM

Beyond the Ballot Box

4:05 PM

Health & Living

5:00 PM

Top 5 at 5

6:00 PM

Talkback Tuesday

8:00 PM

BBC World Service

The Food Chain team unpacks some of the wackiest ideas behind food we see in video games.