When retired motorcycle repair shop owner Lim Soon Hock, 59, stepped away from his business, Lim Ah Boy, three years ago, he decided to reward his longtime employee, Xie, with half the company shares — valued around $1 million. This choice, which also included transferring the other half to his 28-year-old son, stemmed from Lim’s belief in sharing wealth and trust built over 20 years. Lim emphasized that his decision wasn’t just for family but also to create a strong team for the business’s future.

Complementary Leadership Drives Business Growth

Since Lim’s retirement, Xie and Lim’s son have successfully led the shop at Kelantan Lane, a local favorite for bike parts and accessories. Lim shared that Xie and his son bring complementary skills to the table, further strengthening the business and creating a unified team. Reflecting on his journey, Lim acknowledged his rough start, having left school young to work, and sees Xie as the perfect successor for the company.

Focusing on Philanthropy in Retirement

Now, Lim dedicates most of his time to philanthropy as a charity ambassador for Singapore Chung Hwa Medical Institution, where he was recently named Permanent Honorary President. He still steps in occasionally as a consultant to Lim Ah Boy but finds fulfillment in helping others, a testament to his values of loyalty and giving back.