Oversea Enterprise announces demise of Restoran Oversea co-founder

This article first appeared in The Edge Financial Daily, on May 16, 2019.
-A +A

KUALA LUMPUR: Oversea Enterprise Bhd, which owns and operates the Oversea chain of Chinese restaurants, yesterday announced the demise of its executive director and substantial shareholder Lee Pek Yoke at the age of 65.

In a filing with Bursa Malaysia yesterday, the ACE Market-listed Oversea Enterprise said Lee, together with her husband Yu Soo Chye @ Yee Soo Chye — who is the chairman and group managing director of Oversea Enterprise — were on the founding team of a partnership that started with the first Restoran Oversea in Jalan Imbi here in the 1970s.

“She had assisted in the establishment of the chain of Chinese restaurants and had accumulated 41 years of experience in the Chinese restaurant industry. In 1986, with the group managing director, she was involved in the setting up of the manufacturing of moon cakes.

“She was also responsible in overseeing the overall planning and management of the group, including implementation of promotional programmes, menu management and customer services,” it added.

Lee was the mother of the group’s executive director Yu Tack Tein, and Yu Suat Yin, who is the vice-president of group operation. Following the demise of Lee, Suat Yin ceases to be an alternate director. As at May 15, Lee held 20.46 million shares or an 8.44% stake in the firm.