{"id":504622,"date":"2026-02-26T05:21:08","date_gmt":"2026-02-26T05:21:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/504622\/"},"modified":"2026-02-26T05:21:08","modified_gmt":"2026-02-26T05:21:08","slug":"malaysias-genting-dynasty-gripped-by-522-million-inheritance-battle","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/504622\/","title":{"rendered":"Malaysia\u2019s Genting dynasty gripped by $522 million inheritance battle"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">KUALA LUMPUR \u2013 More than RM1.6 billion (S$522 million) is at stake in a family dispute that has drawn fresh attention to one of Malaysia\u2019s best-known business dynasties.   <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">At the centre is the estate of Ms Lim Siew Kim, the youngest daughter of late Genting patriarch Lim Goh Tong. Under her final will, two of her daughters \u2013 Chan T\u2019shiao Li, 48, and Kimberley Chan, 45 \u2013 were left RM900,000 and RM100,000, respectively. These are modest sums relative to the size of the estate.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">They have filed suit to nullify their mother\u2019s final will, alleging it was executed under \u201cfraudulent and suspicious circumstances\u201d.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The civil action, filed in the Kuala Lumpur High Court, names their brother Marcus Chan as a defendant alongside the estate\u2019s executors, Malcolm Fernandez and Chan Mei Yee.   <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Lawyer Low Beng Choo has also joined the proceedings as a defendant (intervenor) to address allegations surrounding the drafting of the will, a New Straits Times report indicated. The trial opened on Feb 23.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">At stake is not only a substantial inheritance, but also the reputation of the Genting founder\u2019s family and the relationships within.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Ms Lim Siew Kim died in July 2022, aged 73, following a two-year battle with Stage 4 ovarian cancer. Her daughters argued that she lacked the mental and legal capacity to execute her final will, signed just three months before her death while her health was deteriorating.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Here are five key aspects of the dispute.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/02\/5e22725839b829d56d70c2d9999baf6887520394dc4a0704e67dbeb59011341c.webp\" alt=\"\" class=\"aspect-landscape flex items-start shrink-0 object-cover landscape article-landscape mobile:w-auto tablet:w-auto\" data-testid=\"image-test-id\" loading=\"lazy\"\/><\/p>\n<p class=\"font-eyebrow-baseline-regular text-secondary\" data-testid=\"inline-media-caption-test-id\">Ms Lim Siew Kim died in July 2022, aged 73, following a two-year battle with Stage 4 ovarian cancer.<\/p>\n<p class=\"font-eyebrow-baseline-regular text-placeholder\" data-testid=\"inline-media-credit-test-id\">\u00a0PHOTO: INTERNET<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The final will, dated April 28, 2022, is the focal point of the conflict, as it dramatically restructured the distribution of Ms Lim\u2019s RM1.6 billion fortune. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In 2023, her daughters discovered two earlier wills (dated Nov 2, 2021, and April 11, 2022) that suggested significantly different allocations, according to the Malay Mail. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Based on news reports in Malaysia, the plaintiffs argued that this rapid succession of three wills within a few months is a clear indicator of \u201csuspicious circumstances\u201d, forming the central pillar of their legal challenge.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In the disputed will, the Dikim Foundation received the bulk of the fortune. The charity was co-founded by Ms Lim and her late husband, and was granted more than 70 per cent of her residuary estate.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Her son, Mr Marcus Chan, received properties in Kuala Lumpur, shareholding in a company, the contents of all safe-deposit boxes and 30 per cent of her residuary estate.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Ms Cressa Chan, another daughter of Ms Lim, was left with RM10 million, a Kuala Lumpur property and company shares. Her daughter Jasmine \u2013 Ms Lim\u2019s granddaughter \u2013 was allocated a monthly allowance of RM50,000. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">By contrast, Ms Chan T\u2019shiao Li and Ms Kimberley Chan were left RM900,000 and RM100,000, respectively \u2013 amounts their legal team described as mere fractions of the estate\u2019s total value.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The plaintiffs claimed that the marked difference in allocation did not reflect their mother\u2019s true intentions or sound judgment at the time of signing. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">They also demanded that Mr Fernandez and Ms Chan return all the title documents that they currently hold to their mother\u2019s properties, according to The Sun.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Whether Ms Lim possessed the requisite mental capacity during her terminal illness is central to the case. The court must determine whether the will reflected her genuine wishes, or was shaped by external pressure.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">When the trial began, the focus quickly shifted to its high-profile participants. Ms Low, the veteran lawyer, was among the first to testify. She drafted and witnessed the will at the centre of the dispute.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Her dual role as both witness to the document and party to the proceedings drew close examination of her evidence in court.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">She described Ms Lim as \u201calert and aware\u201d, stating that she sat up in her hospital bed and signed the will page by page without visible medical tubes or assistance.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The plaintiffs\u2019 lawyer, V. Sithambaram, disagreed, calling parts of her testimony \u201chearsay\u201d and asking the judge to strike them out. They also alleged that Ms Low has a personal interest in the estate due to her connection with the Dikim Foundation \u2013 which she denied.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Judge Mahazan Mat Taib is scheduled to rule on March 2 on whether the disputed testimony remains admissible.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Beyond the legal technicalities, the prominence of the Lim family has amplified interest in the case. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Tycoon Mr Lim Goh Tong is renowned for transforming a remote hilltop into Genting Highlands, Malaysia\u2019s only casino resort and a flagship conglomerate.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">He had six children: three sons \u2013 Lim Tee Keong, Lim Kok Thay and Lim Chee Wah; and three daughters \u2013 Lim Siew Lay, Lim Siew Lian and Lim Siew Kim. He died in 2007.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Mr Lim Kok Thay assumed leadership of Genting and expanded the group into Singapore, the United States and the United Kingdom. His son, Mr Lim Keong Hui, is the group\u2019s deputy chief executive and widely viewed as the heir apparent.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Most of the founder\u2019s other children, including Ms Lim Siew Kim, did not take active management roles within the group.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Although the present dispute does not directly involve Genting\u2019s corporate control, the family has faced litigation before. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In 2016, Ms Lim Siew Kim sued family vehicle Kien Huat Realty and her brother, Mr Lim Kok Thay, claiming 796,250 Genting shares were held on trust for her since the 1970s. She sought either the shares plus all attached benefits, or nearly RM2.1 billion in value. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">She said an understanding with their father created this oral trust, while her brother and the company denied any trust existed, arguing the shares were fully sold and transferred to Kien Huat Realty in 1975, according to The Edge.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The lawsuit between the siblings ended via a broader family settlement in 2019.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The High Court\u2019s eventual verdict could determine not just the division of RM1.6 billion in assets, but also set a precedent for how Malaysian courts evaluate claims of mental incapacity and undue influence in high\u2011value estates. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The judge\u2019s upcoming ruling on the admissibility of the disputed testimony will determine if the trial proceeds or moves towards settlement.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The case also highlights the intersection of trust law, charities and private wealth. It gained further significance following Genting\u2019s <a href=\"https:\/\/www.straitstimes.com\/business\/companies-markets\/genting-malaysia-to-stay-listed-after-privatisation-bid-flops?ref=inline-article\" rel=\"noopener nofollow\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><\/p>\n<p class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">failed privatisation bid<\/p>\n<p><\/a> in late 2025. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In October 2025, the group launched a RM6.7 billion bid to privatise Genting Malaysia and delist it from Bursa Malaysia. However, the offer closed on Dec 1 with only 73.1 per cent acceptance, falling short of the 75 per cent required to proceed with delisting. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/asean\/malaysias-genting-dynasty-gripped-rm1-6-billion-inheritance-battle?ref=inline-article\" rel=\"nofollow noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><\/p>\n<p class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">THE BUSINESS TIMES<\/p>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR \u2013 More than RM1.6 billion (S$522 million) is at stake in a family dispute that has&hellip;\n","protected":false},"author":2,"featured_media":504623,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-504622","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/504622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=504622"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/504622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/504623"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=504622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=504622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=504622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}