A few of his recent bets have paid off nicely, as he happily notes in an interview with The Edge Singapore. For example, Second Chance Properties made $5.2 million and $6.4 million from the privatisation of Chip Eng Seng Corp and Singapore Press Holdings, respectively. In 2021, when the Hong Kong-based Jardine group streamlined its structure, he made $3 million from the privatisation of Jardine Strategic Holdings by Jardine Matheson Holdings.
Second Chance Properties (SGX:528
) founder and CEO Mohamed Salleh Marican is no stranger to pivoting its business according to prevailing market conditions. Over five decades as an entrepreneur, he has entered and exited various businesses to stay profitable or cut losses.
The most recent pivot took place over the last couple of years, as Mohamed Salleh channelled his attention and the company’s resources from investing in property and collecting rent to investing in shares and collecting dividends.
