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South Korean police have requested a detention warrant for Bang Si-hyuk, billionaire founder of HYBE—the agency behind global K-pop supergroup BTS—over alleged illegal trading linked to the company’s initial public offering. The Seoul Metropolitan Police Agency said Bang is suspected of violating capital market laws by misleading early investors ahead of HYBE's listing and steering them to sell shares to a private equity fund linked to ⁠his associates. Police allege that afte

Koon Poh Keong and his four siblings, who control Southeast Asia’s largest aluminum smelter Press Metal Aluminum Holdings, have risen to the second rank in Malaysia’s wealth this year thanks to a surge in the metal prices. Koon Poh Keong, CEO of Press Metal Aluminum Holdings Shares of Press Metal have surged 73% since the wealth of the brothers was last assessed, giving them a total net worth of US$9.7 billion, ranking only behind the country’s richest man Robert Kuok with a

L ee Kar Whatt, co-founder of discount retail chain Eco-Shop Marketing, is now the 18th richest individual in Malaysia with a net worth of US$1.5 billion. His wealth has surged 30% since the company’s initial public offering in May last year, according to U.S. magazine Forbes . Modeled after dollar stores, Eco-Shop, founded by Lee and his partners in 2003, offers household goods and other items at fixed prices of MYR2.6–2.8 through a network of more than 400 outlets nationwid

Singapore-listed Olam Group's founder and group CEO ​Sunny Verghese, along with several other senior executives, ‌will step down later this month, as the conglomerate presses ahead with a reorganization plan. Sunny Verghese, co-founder and group CEO of Olam Group Verghese, who co-founded Olam nearly four decades ago, will relinquish his role as group CEO at the conclusion of the company's annual meeting on April 27, Olam said on Friday. He, however, ‌will ⁠remain chief execut

Maisy Ho Chiu-ha, an executive director at Shun Tak Holdings and daughter of the late casino magnate Stanley Ho, often known as the “king of gambling,” died on Sunday. Her siblings, Pansy Ho Chiu-king, Daisy Ho Chiu-fung, Josie Ho Chiu-yi and Lawrence Ho Yau-lung, announced the news in a statement but did not disclose the cause of death. "We regretfully share that our beloved sister Maisy Ho passed away peacefully on April 12, 2026, surrounded by family," the South China Morn

Indonesian coal mining billionaire Low Tuck Kwong, the third richest man in Indonesia, is suing two business partners for AUD9.6 million (US$6.6 million) after discovering "material defects" in properties he bought from them. Indonesian billionaire Low Tuck Kwong In June 2025, Low and his company Energy Resource Investment entered into a share purchase agreement with Peter Kwee, a tycoon known for distributing cars, to pay SGD32.2 million (US$24.9 million) for the majority st

OK Lim, founder of failed oil trader Hin Leong, was taken into custody to serve his 13.5-year jail sentence after he surrendered at a hospital in Singapore. Singapore's former oil tycoon Lim Oon Kuin arrives to be sentenced at the State Court in Singapore on Nov. 18, 2024 Lim Oon Kuin, widely known as OK Lim, was supposed to surrender at the State Courts for his sentence on Wednesday before his bail was extended until 3 p.m. on Thursday. Since the 84-year-old was still not di

Leonid Radvinsky, the secretive billionaire owner of OnlyFans who reshaped the porn industry with a subscription model, has died at 43 from cancer, the company said on ‌Monday. Photo courtesy of Leonid Radvinsky The Ukrainian-American entrepreneur bought Fenix International, the parent company of OnlyFans, from the platform's British founder Tim Stokely in 2018. He served as a director on Fenix's board and was its majority shareholder. Under his ownership, OnlyFans turned fro

Air China restarted direct flights between Beijing and Pyongyang on Monday after a six-year hiatus, another sign North Korea is gradually opening up following the resumption of train services between the capitals. Flight CA121 departed Beijing Capital Airport at 7:58 a.m. (6:58 a.m. Hanoi time), according to FlightStats data, and arrived at Pyongyang's Sunan International Airport at 10:37 a.m. (8.37 a.m.). An Air China plane is seen at the international airport in Beijing, Ch