Risk Mitigation and Capital Preservation.

Dependency is an asset management organisation focussed on the development, growth and maintenance of assets within its investment portfolio that may be owned by affiliated companies

- Welcome!

Our Investments

Dependency’s asset management focus is on risk mitigation and capital preservation through an investment strategy that aims to deliver superior after-tax returns. Our affiliated portfolio traditionally consists of contractual cash flow businesses, generating sustainable revenue. 
These include affiliated companies and investments the likes of Daywide, H.Harta, the T3 group as well as the Substitution group that own real estate assets the likes of shopping malls as well as our family office building, Bangunan Lim (Lim Tower) to generate stable returns.
At the same time, for diversification, we now also focus on higher risk vs high returns profile companies, resulting in a balance against stable dividend returns alongside the opportunity for capital growth and appreciation.

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Conservative

This strategy has a lower risk profile than conventional private equity investments. Each new investment is asset-backed and primarily relates to real estate and property investments and leasing, the backbone of our DNA.

Cash Funded

Simple structure and deal volumes mean we can deploy cash into several transactions quicker than complex private equity or financing deals. This minimises cash drag on the portfolio return.

Diversified

With our focus being to have a balance in our investment risks, this results in our being able to build a portfolio that is diversified and reduce concentration risk to any one sector in the economy.

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Long-Term Holding

The term structure of these transactions (i.e. contracts of 5 - 10 years) allows us to stagger the maturity dates over time, in line with the future liquidity needs of our investees, affording investee companies with the means, time and support to realise their visions and plans without undue administrative reporting requirements.

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- About Us

Dependency only invests its own funds, ensuring commitment on our part as long-term strategic investors

Dependency Plt (Dependency) is a family office located in Kuala Lumpur, Malaysia. Dependency is an asset management organisation focussed on the development, growth and maintenance of assets within its investment portfolio that may be owned by affiliated companies.
Historically, Dependency’s management of assets comprised of real estate and buildings located in Malaysia, ASEAN as well as Australasia. In an effort however to progress with current climates and times, we are now open to venturing towards other verticals including new and sustainable technologies.

Dependency is a family office located in Kuala Lumpur, Malaysia

Dependency only invests its own funds, ensuring commitment on our part as long-term strategic investors, affording companies and businesses with the adequate level of support, stability and flexibility to realise their goals and objectives.

We are open towards taking substantial or majority stakes and work with businesses to deliver value accretion with a medium to long term view of capital growth and valuation. In cases where a full acquisition is envisaged, we also retain existing management, affording them the flexibility of continuing to run and grow the business without undue pressure of cash flow constraints.


- Our History

65

Years of Combined Experience


Our Team


TzeChie (TC) Lim – General Manager and Lead

TC is director, partner and shareholder of a number of Dependency’s portfolio investment companies. As the eldest in her generation of the founders of the family office, TC has been tasked to oversee, manage, invest in and advise investee companies with a focus on growth companies.
TC comes from a legal background and has been called to the Bar of Malaysia as well as England and Wales. TC also runs a sole proprietorship law firm, advising on legal matters particularly on corporate and real estate matters, accumulated from more than 15 years of continuing legal experience. 


William Tee - Audit & Compliance

Will has been with Dependency for over 15 years, advising the business in terms of good governance measures as well as being in charge of financial due diligence in investee companies. 
In addition to his obligations to Dependency, Will is also a certified chartered accountant and auditor in his own right, enabling him to audit companies from different sectors, thus enabling him to have a birds eye view on how different companies operate, the accounting treatments for different sectors as well as good governance standards to be adopted by investee companies in order to attract suitable and sustainable investments.
Will has spent most of his 15 year career in a variety of non-executive finance roles where he has been involved in the strategic evaluation and commercial implementation of a broad range of business initiatives, including acquisitions, disposals and company restructurings.


Vivian Yeh – Corporate & Finance

Vivian has been with the Dependency management for over 20 years, and is well versed in the group’s focus and targets for corporate finance. 
Vivian is also a certified company secretary, leading her to advise on group structures for optimal corporate efficiencies.
Having previously worked in both PWC’s as well as EY’s corporate advisory teams, Vivian lends her eye towards building value for the group, both from a conservative as well as from a future potential perspective, ensuring that the cash and assets of the group are not idle.


Jo Cheng – Chief of Operations

AHaving previously worked in numerous start ups for over 15 years, Jo now dedicates her time and efforts towards seamless operations for the Dependency business, its affiliates as well applicable investee companies, lending her experience and exposure, guiding investee companies towards operational efficiency.
Jo has significant experience across a diverse range of business sectors and markets. She focuses on minimising operational costs but at the same time maximising efficiency in the organisation, with a constant start-up mentality in mind.
When she is not directly involved in the operations of investee businesses, Jo functions as a consultant to advise and provide guidance on ensuring that operations are smooth, at optimal capacity and remain undisturbed, taking into account as many factors and possibilities as possible.