PETALING JAYA: Tan Sri Nasimuddin Amin 53, founder, chairman and chief executive officer of the Naza Group, passed away at 1.15am on Friday in Los Angeles, where he was undergoing treatment for lung cancer.
The low-profile businessman founded the Naza Group in 1974, starting his automobile business with an allocation of Approved Permits (APs) to import foreign cars, and made his first million in about a year.
The Group now has more than a dozen business divisions covering industries such as cigarette distribution, credit and leasing, engineering, hotels, insurance, machine tools and parts, manufacturing, motorcycles, property, transport services, plantations and water craft.
Last month it ventured into the food business by launching the Bubba Gump Shrimp Co. Restaurant and Market, but still remains most known for its automotive business, holding the local franchise for South Korea's Kia and France's Peugeot, as well as import permits for Mercedes Benz and Mazda.
Nasimuddin was implicated in the AP controversy of 2005, when he was dubbed the "AP King."
tunku : Al Fatihah. lots of us never knew that he was having cancer.
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