Lion Group
Encyclopedia
Not to be confused with Lion (company)
of Japan
Lion Group Malaysia is headed by chairman and chief executive officer Tan Sri William Cheng
. Cheng's grandfather founded Lion as a small trading company in Singapore
after leaving China in the 1920s. It became Malaysia's biggest steel
manufacturer after winning a license from the government in 1978. One of the group's biggest investments is Suzuki Assemblers Malaysia Sdn Bhd which manufactures Suzuki
motorcycles for the Malaysian market. They are also involved in a joint venture with the Nanjing Group, producing the SEAT Ibiza based Nanjing Yuejin Soyat for the Chinese market.
Lion Group's key assets in Malaysia are two steel mills with a capacity of 3 million tons a year, a forest concession in Sabah
that is four times the size of Singapore, and the Silverstone tyre making business. Lion also has 26 Parkson
department stores in Malaysia, 13 stores in China, and nine breweries in China.
Lion (company)
Not to be confused with Lion Group of Malaysia is a manufacturer of detergent, soap, medications, and oral hygiene products and other toiletries. The company also has a chemical engineering research division which works on developing new products....
of Japan
Lion Group Malaysia is headed by chairman and chief executive officer Tan Sri William Cheng
Tan Sri William Cheng
Tan Sri William Cheng Heng Jem ; is the chairman of The Lion Group of Malaysia. The Lion Group is a Malaysian conglomerate that owns the Parkson department store chain.-References:...
. Cheng's grandfather founded Lion as a small trading company in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
after leaving China in the 1920s. It became Malaysia's biggest steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
manufacturer after winning a license from the government in 1978. One of the group's biggest investments is Suzuki Assemblers Malaysia Sdn Bhd which manufactures Suzuki
Suzuki
is a Japanese multinational corporation headquartered in Hamamatsu, Japan that specializes in manufacturing compact automobiles and 4x4 vehicles, a full range of motorcycles, all-terrain vehicles , outboard marine engines, wheelchairs and a variety of other small internal combustion engines...
motorcycles for the Malaysian market. They are also involved in a joint venture with the Nanjing Group, producing the SEAT Ibiza based Nanjing Yuejin Soyat for the Chinese market.
Lion Group's key assets in Malaysia are two steel mills with a capacity of 3 million tons a year, a forest concession in Sabah
Sabah
Sabah is one of 13 member states of Malaysia. It is located on the northern portion of the island of Borneo. It is the second largest state in the country after Sarawak, which it borders on its southwest. It also shares a border with the province of East Kalimantan of Indonesia in the south...
that is four times the size of Singapore, and the Silverstone tyre making business. Lion also has 26 Parkson
Parkson
Parkson is a popular department store company in Malaysia which offers items at a medium rate. Parkson was established in 1987 as one of the largest retail chains in Malaysia at that time...
department stores in Malaysia, 13 stores in China, and nine breweries in China.
Listed companies in Malaysia
- Lion Corporation Berhad
- Lion Diversified Holdings Berhad
- Lion Forest Industries Berhad
- Lion Industries Corporation Berhad
- Parkson Holdings Berhad (formerly known as Amalgamated Containers Berhad)
- Amsteel Corporation Berhad (public, unlisted)
- Silverstone Corporation Berhad (public, unlisted)
- New Asia Entertainment Group Berhad (public, unlisted)