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Peter Lim enters Iskandar security business joint venture with Johor royal family

Rogue Trader

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Peter Lim enters new Johor security venture

20140316_peterlim_st.jpg

Monday, Mar 17, 2014
Audrey Kang
The Straits Times

Singapore billionaire investor Peter Lim is stepping up his aggressive push into Iskandar Malaysia with a new agreement to set up a security business.

A security company owned by Mr Lim is joining hands with a Johor prince to offer security services in the rapidly emerging growth corridor.

Mr Lim is one of the largest investors in the Iskandar region over the past two years. He and the Johor royal family are substantial shareholders in Rowsley, which is working on a RM10 billion (S$3.9 billion) development in the Johor Baru city centre.

The Soverus Group, which is 95 per cent owned by Mr Lim, signed a memorandum of understanding with Tunku Abdul Rahman, son of the Sultan of Johor, last friday. Its chief executive officer, Mr Paul Lim, said: "The security business in all countries is highly regulated.

This MOU signifies and cements our belief in the growing market in Iskandar and the rest of Malaysia."
Working with the prince will be hugely beneficial, he added, given his detailed knowledge of the area.

Tunku Abdul Rahman said: "I am very impressed with how Soverus has grown so rapidly within the last four years, from a start-up to a major provider of security services with over 600 staff.

"I look forward to working with Soverus and its manage-ment team to build a credible and imitable full-service security firm in Johor."

One key reason for the MOU is the rising demand for premium security services in Iskandar, owing to the growing affluence of Johor residents, said Mr Paul Lim.

Although the company has yet to execute any plans for its expansion in Iskandar, he said potential clients are already seeking its security services.

Soverus previously focused on providing only guarding services, but has expanded into a wider range of solutions, including private investigations, cyber security and IT forensics.

Three-quarters of its operations in Iskandar will be guarding services, while the remaining 25 per cent will be focused on mostly security technology and security consultancy.

Mr Paul Lim said: "Our mid-term plan is to set up a sizeable infrastructure with proper armoury and full-fledged training facilities."

Officers from Singapore and Malaysia will be able to train with their counterparts in both countries, in order to provide quality guards, he added.






 

gingerlyn

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hopefully, one day Johor Prince ki-siao and using his machine gun to chase Peter Lim back from Iskander to Tuas.

WATCH Show brothers and sisters
 

The_Hypocrite

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If the Mata was up to the job,,there will have very minimal needs for security firm..at most the easy stuff like jaga condos to prevent sales men etc from going in,,,not like now, must live in a fortress and have fully armed loyal guards,,,might as well dress poor, live poor and be poor so not worth the while of being robbed
 

GoldenDragon

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Smart man. Do business in Johor and you give a share to Johor prince....sure huat la.

Yes. He is super close to the royal family. Closer than any of our ministers. PL knows he must rope them in. All obstacles will be cleared for him in Johor. He is like royalty too. Security biz $$$$$$ is nothing to him. Profits wont give him any erection.
 

GoldenDragon

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Bro GD got background on this PL's security chief ex poodle Paul Lim?

OMS. Mathematics. Joined late 80s. Should be about same time as Aubeck who went miles ahead of Paul career wise. Started off as an investigator in Tanglin Police for his first posting upon graduation. His Head Investigation gave him a bad appraisal but was forced to amend the Staff Appraisal Report. Henry Soh had no choice but was very upset with Chua Chin
Kiat. I think Chua was then Dir Ops. Maybe Paul's mentor. Not sure. End of part 1.
 

GoldenDragon

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Paul's posting after his Tanglin stint nothing to shout about. He went for his Masters later on. I recall he was once a staff officer in CID. Years later he was Dy Comdr under Boon Gay. Took over when NBG left. Paul's promotion as OMS was very slow. He was about to get his DAC when the molest incident took place. He was permitted to resign. No need to be charged in court or face PSC.

His incident could have been prevented. When Henry gave Paul a lousy SAR, someone should have counselled him. Not counselled Henry! Scholars are spoilt in the SPF.

Paul got to know Peter through another OMS Lock Wai Han. They were regulars at Lido. Peter is sharp. He knows his biz can be entrusted to Lock. Not Paul. Soverus was started with $1 million. Peter made clear from the start it was a one-off thing. If $ no more, close shop.
 

GoldenDragon

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Paul married sister of Florence Chua. Florence is now DD CID. AC rank. Ex-national hockey captain. Terribly nice lady.

When molest incident took place in 2009, it was reported Paul was a bachelor. Not so sure. Think he was married. Honest mistake maybe. If not for this incident, he would be DAC Paul Lim.
 

Administrator

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Paul Lim got into trouble in CID and that was what screwed up his career. In police force, OMS will never do anything wrong.

Paul is a "chiong kah" and loves to drink. Wonder if he had changed over the years.

 
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GoldenDragon

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Paul Lim got into trouble in CID and that was what screwed up his career. In police force, OMS will never do anything wrong.

Paul is a "chiong kah" and loves to drink. Wonder if he had changed over the years.

A leopard cant change its spots. Same same. Still as chee hong. Not aware he got into trouble in CID. Looks like more lobangs for him in JB.
 

GoldenDragon

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Paul Lim got into trouble in CID and that was what screwed up his career. In police force, OMS will never do anything wrong.

Paul is a "chiong kah" and loves to drink. Wonder if he had changed over the years.

When he was commander Tanglin, he chionged joints under Tanglin Police. On a few occasions, his licensing officers did not check some joints as scheduled coz comdr was in the joint! Behind his back, these operators all kpkb about Paul. In front they LL.
 

GoldenDragon

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Maybe they will JV in buying an EPL team in future. Surely the prince wants to be on par with Vincent Tan and Tony Fernandez. PL must be jinxed here. Liverpool out. Valencia out.
 
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