For other uses, see Lion (disambiguation) § Brands and enterprises.
Lion Group Management Services Sdn Bhd
Company type
Private Limited Company
Headquarters
Level 11 - 15, Lion Office Tower, No. 1, Jalan Nagasari, 50200 Kuala Lumpur, Malaysia
Key people
William Cheng, Chairman
Website
www.liongroup.com.my
Lion Group Malaysia is headed by chairman and chief executive officer 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. Between 1997 and 1999 they were also involved in a joint venture with the Nanjing Group, producing the SEAT Ibiza-based Nanjing Yuejin Soyat for the Chinese market.[1]
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.
The group has offices in Malaysia, Singapore, Indonesia, Vietnam, Cambodia, Sri Lanka, the United States and Mexico.[2]
In 2010, Cheng acquired 33.5 million shares in Lion Industries Corp Bhd, one of the group's subsidiaries.[3] In 2018, Lion Industries entered into an agreement to acquire the assets of Megasteel Sdn Bhd in an attempt to pay off the latter's debts. Cheng is a shareholder in both companies.[4]
^World of Cars 2006·2007. Warsaw, Poland: Media Connection Sp. z o.o. 2006. p. 236.
^"Stocks". www.bloomberg.com. Retrieved 22 November 2018.
^"William Cheng buys Lion shares - Business News". The Star Online. Retrieved 22 November 2018.
^"Lion Industries to acquire Megasteel assets and pay off its debts - Business News". The Star Online. Retrieved 22 November 2018.
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