Peter Lim revs up McLaren Automotive

[Ithunk]

SINGAPORE - Singapore billionaire Peter Lim has made a "significant investment" in UK-based sports car maker McLaren Automotive, the company said.

 

Mr Lim, who earned the nickname "Remisier King" in the city-state, has joined McLaren Automotive's board with immediate effect.

 

Forbes Asia recently ranked him No 8 on Singapore's rich list, with an estimated fortune of US$1.8 billion (S$2.17 billion) built mainly from investments.

 

"Peter Lim's track record in Asia as a highly respected business leader adds further quality to our board in this highly competitive business environment at an exciting time for the company," McLaren Automotive and McLaren Group executive chairman Ron Dennis said in a statement.

 

The company said demand for its new McLaren sports car, the MP4-12C, is strong with retailers in the Asia Pacific region confirming orders that account for around 18 months of production. The McLaren Group also runs a Formula 1 team.

 

Last year, Mr Lim made a

Edited August 20, 2011 by Ithunk

[Csnewbie]

up for him.

[Alheych]

wonder what kind of cars does he own... during the raffles town club lawsuit he was always seen going to court in a cadillac seville.

[Rockaphonics]

Peter Lim made us Singaporeans proud. He showed the world what we are capable of. He put us on the map with all his big time acquisition. From humble beginnings to billionaire/philanthropist, hes one of my heros.

[Friendstar]

Yes. He even tried to acquire Liverpool. So remarkable

[Babyt]

am i right his wife is ex-SBC actress Lin Li Bing?

 

 

[Dafansu]

am i right his wife is ex-SBC actress Lin Li Bing?

I thought single