Labels:text | screenshot OCR: BUSINESS & INDUSTRY of US$58.3 million, half of them previously undis- closed, as well as the departure of its top execu- Top 5 Companies by Sales, 1992 ( US $ M ) tives. During a crisis meeting, Benguet officials de- cided to install Taguinod at EEI's helm. Hyundai Motor 4,125 Benguet's chairman summoned Taguinod. Service "Teddy, you always wanted to run your own com- SsangYong Oil 2,617 Refining pany, here's your chance," he said. "Yes,"replied Kyung In Energy 1,680 Taguinod, his jaw dropping as he envisaged eva- porating stock options and annual bonuses. "But Semi-Tech (Global) 1,21 what a company!" Korea Long Term It felt like "stepping from an aircraft carrier onto Credit Bank 1,192 a sinking battleship" but Taguinod immediately re- 1,000 3,000 5,000 structured the company and began slowly nursing it back to health. With negative retained eamings pines' top construction company with total assets of about US$35 million, he recalls, EEI was unable having increased 198 per cent since 1989 and net to buy "one single bolt" on credit and was limited profits up 12-fold. Its staff, halved to just 2,955 in to projects worth 1989, now numbers 7,600. US$500,000 or Such remarkable growth is the stuff of which less because no- many of Asia's fastest-growing companies are body would trust made. Founded by entrepreneurs with ideas and it with anything the drive to pursue them, or brought back from the bigger. dead by reluctant professionals, all have prospered VOLVO Today a rebuilt from Asia's abundant opportunities. and revitalised In the first attempt of its kind to identify the re- EEl is the Philip- gion's fastest-growing companies, ASIA, INC. pub-
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