Bank Negara forecasted that Malaysia’s economy will expand by 4.5% to 5.5% in 2025 `driven by robust expansion in investment activity, continued improvement in exports, and resilient household spending’. Sector-wise, the economy is expected to be spurred by construction benefiting from infrastructure and data centre projects; utilities seeing gains from rising demand alongside investments in renewable energy and data centre development; plantation, driven by strong palm oil demand and stable crude palm oil prices; manufacturing especially the electrical and electronics sector with greater exports; banking which is poised to grow due to healthy loan growth, rising consumption and capital market activities; and tourism with increasing tourist arrivals which augurs well for tourism-related activities such as the retail, transportation and hospitality sectors.
Household spending or private consumption which is one of the key growth drivers, will see an increase with the hike in minimum wage from RM1,500 to RM1,700 a month with effect from February 2025. However, spending may be curbed due to the proposed increase of 14.2% in base electricity tariff which will impact industries too, and the proposed removal of RON95 petrol blanket subsidy to be replaced by a targeted subsidy, both to be effective in the second half of 2025.
The stylised lion head is distinctive Corporate Symbol of the Lion Group. It represents the Lion Group‘s progressive philosophy and bold approach towards business challenges.
The graphic representation of the lion’s mane depicts the sun’s rays, the basic source of life and energy. For Lion Group, these elements combine to symbolise success, growth and a sharing of and commitment to social responsibility in a competitive environment.
Our Philosophy
Vision
We shall be a global business group with world-class products and services that enrich the quality of life.
Mission
We are committed to make Lion Group a caring organisation and be recognised for excellence in quality, growth and profitability.
Core Values
Management Practices
Corporate Information
Listed Companies
Issued Shares
(million shares)
Shareholders’ Equity
MALAYSIA
(RM million)
Lion Industries Corporation Berhad
717.9
989.8
Lion Posim Berhad
231.6
762.8
Parkson Holdings Berhad
1,148.9
1,280.9
.
SINGAPORE
(SGD million)
Lion Asiapac Limited
81.1
60.1
Parkson Retail Asia Limited
677.3
38.7
.
HONG KONG
(RMB million)
Parkson Retail Group Limited
2,634.5
3,015.4
Note : Financial information as at 31 December 2024
Country
No. of Employees
Malaysia
6,248
China
3,396
Other countries
25
TOTAL
9,669
Note : As at 31 March 2025
Listed Companies
Issued Shares
(million shares)
Shareholders’ Equity
MALAYSIA
(RM million)
Lion Industries Corporation Berhad
717.9
989.8
Lion Posim Berhad
231.6
762.8
Parkson Holdings Berhad
1,148.9
1,280.9
.
SINGAPORE
(SGD million)
Lion Asiapac Limited
81.1
60.1
Parkson Retail Asia Limited
677.3
38.7
.
HONG KONG
(RMB million)
Parkson Retail Group Limited
2,634.5
3,015.4
Note : Financial information as at 31 December 2024
Country
No. of Employees
Malaysia
6,248
China
3,396
Other countries
25
TOTAL
9,669
Note : As at 31 March 2025
Governance
Lion Group aspires to foster performance-based culture across the Group, a culture that is enabled through professional and ethical business conduct and behaviour of its employees, management and directors in interacting amongst themselves as well as with external stakeholders. This common aspiration is driven by its commitment to achieve high standards of governance which include having in place well-defined policies that promote integrity and transparency in ensuring appropriate checks and balance are present to guide business conduct across the Group
Kunming Parkson Nanya Supermarket opened at Nanya Fengqing Mall, Yunnan on 4 January.
Parkson Credit launched its inaugural RM1 billion Sukuk Wakalah Programme with HSBC Amanah Malaysia as sole Principal Adviser, Lead Arranger, Lead Manager, and Shariah Adviser.
Beijing Parkson Plaza, a Parkson-owned property, received LEED Gold certification by the US Green Building Council and China’s Green Building Two-Star Label.
Parkson Credit celebrated its 10th anniversary with a gala dinner on 14 March.
Lion-Parkson Foundation handed over the Certificate of Completion and Compliance for Phases 1B, 2 and 3 of the Banting Home to Persatuan Penjagaan Kanak-kanak Terencat Akal Selangor on 23 January.
Grand opening of Mianyang Parkson Guanhuai Supermarket in China on 17 May.
Lion-Parkson Chairman, Puan Sri Chelsia Cheng launched her book series My Life My Light at Han Chiang University College, Penang, on 19 May.
The Parkson Transformation Team was honoured by the Intercontinental Group of Department Stores as one of the World’s Best Teams of 2023 (Top 10) for their innovative efforts in creating a productive, efficient, and sustainable work environment.
The HI-REV Dream Chaser Racing Team achieved a major milestone by winning their third consecutive Overall Malaysia Championship Series title, completing a hat-trick.
HI-REV launched a new jingle, “HI-REV Hebat Berkuasa,” replacing the original tune used for over 20 years.
Relaunch of Parkson Sunway Carnival in Seberang Jaya on 29 August.
Parkson China opened its first Parkson Shopping Mall in Yichun city, Jiangxi province on January 15.
Posim Petroleum Marketing Sdn Bhd launched new products: the Motorcycle Engine Oil 4T 150cc Fully Synthetic API SN/JASO MA2 SAE 10W-40 1.2L and Car Engine Oil torQe Pro Fully Synthetic API SP SAE 15W-50 4L.
Lion-Parkson Foundation Chairman, Puan Sri Chelsia Cheng, staged the ‘Leading The Way’ Charity Concert, featuring an Orchestra Gala by world-renowned artistes from South Korea and the Malaysian Philharmonic Orchestra at Dewan Filharmonik Petronas, Kuala Lumpur on February 13.
On May 10, Lion-Parkson Foundation donated RM20,000 to Hospital Selayang Cataract Surgery Centre, enabling 86 B40 group patients to undergo cataract operations.
On May 19, Posim Marketing received the Best Performance Award 2022 from SAMSUNG C&T (KL) Sdn Bhd in recognition of its outstanding achievements in project execution with technical and managerial excellence for the Merdeka 118 project.
The grand launch of Parkson Pavilion Bukit Jalil store was held on 21 January.
Secom (Malaysia) Sdn Bhd moved to its new office in Shah Alam on 18 February.
Wenzhou Parkson Beauty held its grand opening in July.
On 14 November, the Group signed a Memorandum of Understanding (MoU) with Yangsan City, Gyeongsangnam-do Province, South Korea, to promote the Group’s businesses and create win-win market expansion opportunities for Yangsan’s potential investors.
Lion Group and Hyundai Glovis Co., Ltd signed a Memorandum of Understanding (MoU) for a strategic partnership for global business and smart logistics solutions in the Southeast Asian market on 15 November.
Oriental Shield Sdn Bhd changed its name to Lion Steel Sdn Bhd with effect from 3 February.
Posim Petroleum Marketing introduced the HI-REV 8000 Series, making it among the first few companies to launch API SP gasoline engine oil in the local market.
On 31 March, Parkson joined the Corporate Collaboration for the Covid-19 Immunisation Programme, supporting Malaysia’s national effort alongside other organisations, with Group Executive Chairman, Tan Sri William Cheng attending the launch event.
Parkson China opened a store in Wuzhou City on 30 September.
On 28 October, Group Executive Chairman, Tan Sri William Cheng, received a Certificate of Appreciation from Selangor Menteri Besar, Dato’ Seri Amirudin bin Shari, for the Group’s contribution to the Selangor State Covid-19 Fund in May.
Lion Mining signed an MoU for an Export Facilitation Agreement with Kumpulan Semesta on 21 November.
Parkson Corporation was awarded “Best Domestic Retailer 2020” under the Retail Category by the Ministry of Domestic Trade and Consumer Affairs, on 23 November.
Parkson Pavilion Bukit Jalil, the second largest Parkson department store in Malaysia after Parkson Elite Pavilion KL, opened its doors on 3 December.
Parkson China donated RMB 2 million (approximately RM1.209 million) to the Shanghai Charity Foundation for its Covid-19 Anti-Epidemic Fund on 26 March.
Parkson Credit inked an agreement with HSBC to raise RM150 million to accelerate business expansion on 13 March.
Posim Petroleum Marketing launched the torQe PRO Fully Synthetic High-Performance Car Engine Oil Series with API SN 5W-40 and 5W-30.
On 15 March, Lion-Parkson Foundation donated RM50,000 to Yayasan Kebajikan Negara Malaysia (YKNM) to assist the foundation in its charitable work in health (medical), welfare, education, voluntary bodies, and natural disasters, among others.
Amsteel received the Best Employer Award for the Commuting Safety Support Program (CSSP) 2017 on 29 July.
Grand opening of Parkson Supermarket in Huaihai, Shanghai on 31 August.
Lion-Parkson Foundation Chairman, Puan Sri Chelsia Cheng, staged a charity art exhibition jointly organised by LPF and Korea’s With Heart Foundation on 26 October.
Lion Forest Industries Berhad changed its name to Lion Posim Berhad effective 2 December.
OUTPOZT by Parkson opened its doors at Genting Highlands on 15 November.
On 23 January, Parkson Retail Group signed a strategic partnership agreement with Secoo Holding Limited, Asia’s largest online integrated premium products and services platform, in Shanghai to drive omni-channel services that will elevate both companies’ online-to-offline initiatives.
Parkson Credit held a ceremony on 24 January to mark its entry into the insurance business.
Parkson Branding Outlet opened its doors at Mitsui Outlet Park on 26 January.
Property Division bagged three awards at the PropertyGuru Awards night on 26 April for: Best Landed Development (Malaysia) – Crescent Park at Bandar Bukit Mahkota; Best Landed Development (Klang Valley) – Crescent Park; and Special Recognition in CSR.
Parkson Evo Mall opened at Bandar Baru Bangi in Selangor on 25 May.
Official launch of Resilion Residence project at its show gallery on 23 & 24 June.
Parkson China marked a new milestone with the official opening of Parkson Beauty, a new one-stop beauty retail concept, in Changsha, Hunan, China on 15 August.
Parkson Holdings Berhad received the QRadar Excellence Award 2018 from Tricor-Roots Consulting for its implementation of the Enterprise Risk Management and Performance Management program on 26 September.
Hogan Bakery held its grand opening ceremony at its Lion Office Tower outlet on 21 September.
Parkson Kuantan City Mall, the second Parkson store in Kuantan, officially opened on 12 October.
Parkson won the ‘Most Innovative Retail Concept Award’ at the 18th Asia Pacific Retailers Convention & Exhibition (APRCE), held at the Kuala Lumpur Convention Centre from 25 to 27 October.
Parkson organised its 30th Anniversary Gala Dinner to celebrate three decades of retail success on 27 November.
Parkson opened Parkson Paradigm Mall in Johor Bahru, on 28 November.
The Lion-Parkson Tsinghua Calligraphy Competition 2016, co-organised by Lion-Parkson Foundation, Tsinghua University, and UTAR, was held at UTAR on 10 January.
Parkson Newcore Citymall in Shanghai, China was officially opened on 15 January.
Parkson Credit was accredited with the ISO 9001:2008 Certification of Quality Management for the provision of credit financing services on 11 April 2016.
Lionmall Qingdao opened its doors to the public on 28 April 2016.
Grand opening of Lionmall Qingdao, the first shopping mall in China by the Parkson Group on 18 June.
Launch of torQe Superbike Oil, specially formulated for the big biker market at Hi-Rev’s Family Day on 26 June.
Parkson Retail Group officially appointed national shuttler, Dato’ Lee Chong Wei, as its Brand Ambassador at a special event in Parkson Pavilion, Kuala Lumpur, on 6 October.
Parkson Sunway Velocity Mall was opened on 8 December.
Parkson Perda City Mall, Bukit Mertajam, Penang was opened on 29 January.
Harbin Taipingqiao Parkson was opened on 14 February.
Beijing Changyin Parkson in China was opened on 21 March.
Qingdao MixC Parkson in China was opened on 29 May.
Parkson China signed a joint venture agreement with South Korea’s E-Land Group on 7 August to establish the first City Lifestyle Mall, combining both companies’ merchandising strengths to a unique lifestyle shopping experience in China.
Parkson KLCC relaunched its new, fresh look on 21 September.
Parkson Aman Central was launched on 1 October.
Parkson Malaysia and Parkson Vietnam received awards at the Asia-Pacific Top 500 Awards, held in conjunction with the 17th Asia Pacific Retailers Convention and Exhibition in Manila from 28–30 October.
Hi-Rev received approval from Mercedes-Benz for compliance with their specifications for cars and assemblies.
Parkson opened Malaysia’s first store for South Korea’s hottest fast fashion brands, SPAO, MIXXO, and WHO.A.U on 11 December.
Parkson Newcore City Mall in China, the first mall collaboration between Parkson Retail Group and E-Land Group, was opened on 19 December.
Parkson Credit, a wholly-owned subsidiary of Parkson Holdings Berhad, commenced consumer financing operations, offering instalment plans for purchase of motorcycles and household appliances.
Parkson Zhongshan in Guangdong Province, China was opened on 14 May.
The grand opening of Parkson Huaihai in Shanghai, China was held on 18 July.
Parkson opened two new stores in China: Parkson Zhengzhou MixC on 29 August and Parkson Chongqing MixC on 19 September.
Lion-Parkson Foundation and the Lee Chong Wei Foundation organised the inaugural Lion Parkson Run 2014 on 14 September to raise funds for the Home for Handicapped & Mentally Disabled Children in Banting.
Parkson IOI City Mall Putrajaya was opened on 20 November.
Parkson Pavilion was named the Overall Retail Outlet and Best Department Store at the Malaysia Retailers Association Service and Courtesy Excellence Awards presentation ceremony on 28 November.
CeDR Corporate Consulting received the Human Resources Minister Award under the Best Employer – SME (Service) category, organised by Pembangunan Sumber Manusia Berhad under the Ministry of Human Resources on 12 December.
Parkson Nanchang Greenland in Nanchang, Jiangxi Province, was opened on 21 December.
Parkson Mianyang Metropolis, in Sichuan Province, China, was opened on 30 December.
Hefei Tian’ehu Parkson in China was opened on 18 January.
Group Executive Chairman, Tan Sri William Cheng, was conferred the Darjah Kebesaran Seri Utama Mahkota Wilayah (SUMW) award, which carries the title of ‘Datuk Seri Utama’, by DYMM Seri Paduka Baginda Yang Di-Pertuan Agong, Tuanku Abdul Halim Mu’adzam Shah, in conjunction with Federal Territory Day on 1 February.
Parkson China contributed a total of RMB 5 million, comprising RMB 3.5 million in cash and essential supplies worth RMB 1.5 million, to the victims of the earthquake in Lushan on 28 April.
Parkson Chongqing Fortune Mall in China, was opened on 13 May.
Datong Parkson in Shanxi Province, China, was opened on 12 July.
Panzhihua Parkson, the first international shopping mall in Panzhihua City in Sichuan Province, in China was opened on 29 July.
Opening of Parkson Baoding in Hebei Province, China on 20 September.
D’Venice Residence by Changshu Lion launched its latest phase, the Rome Garden, on 20 October in Changshu, Jiangsu Province, China.
Parkson Nanchang Hengmao in Nanchang City in Jiangxi Province, China, was opened on 20 December.
1st Avenue Mall, a joint venture between Lion Group, Belleview Group, and Asia Retail Market II Limited (a subsidiary of Pramerica Real Estate Investors Asia), was officially opened by Penang Chief Minister, YAB Tuan Lim Guan Eng on 10 January.
Jinan Parkson in Shandong, China, was opened for business on 29 April.
Signing of an MoU with the Youth Skills Development Division, an agency under the Ministry of Youth Affairs and Sports, for collaboration with the various Institut Kemahiran Belia Negara centres nationwide on 15 May.
Taiyuan Changfeng Parkson in Shanxi Province, was opened on 30 May.
Amsteel Mills Banting upgraded its Danieli BGV block to the SMS-Meer Fast Finish block, with the first bundle of wire produced on 24 August.
Nanning MixC Parkson in China, was opened on 16 September.
Parkson Corporation celebrated its Silver Jubilee with a gala dinner on 22 October, graced by YAB Prime Minister, Dato’ Seri Najib Tun Razak, and his wife, YABhg Datin Seri Rosmah Mansor.
Parkson China signed a tenancy agreement with Qinghai XinQian Group for the rental of five levels of retail space totaling 36,000 square metres at Xinqian Plaza in Xining, Qinghai Province.
Parkson Pavilion emerged as the ‘Overall Best Retail Outlet’ and ‘Overall Best Department Store’ for Year 2011/12, organised by the Malaysia Retailers Association.
The Home for Handicapped & Mentally Disabled Children, built by Lion-Parkson Foundation was officially opened by National Shuttler, Dato’ Lee Chong Wei, and Foundation Chairman, Puan Sri Chelsia Cheng on 4 November.
Changshu Lion handed over 195 units of its Phase 1C- Paris Precinct four months ahead of its scheduled completion date of 30 December.
Parkson Zigong, China, officially opened on 24 January.
Changshu Lion completed D’Venice Residence Phase 1A: Athens Precinct, comprising 252 units of walk-up apartments, two months ahead of the SPA completion date of 30 March.
Parkson Yueyang upgraded to bigger premises in Light Macro Commercial Plaza along Desheng North Road on 16 April.
Tiara Melaka Golf & Country Club was voted 7th Best Golf Course in Peninsular Malaysia in the Golf Malaysia Course Poll 2008-2010 by Golf Malaysia Magazine.
Parkson China collaborated with Tsinghua University of Beijing in sponsoring the first Parkson-Tsinghua Journal Research Paper Award on “History of Twentieth Century China and Overcoming The Earthquake Era”.
Lion-Parkson Foundation contributed RM1 million to the Socio-Economic Research Centre established by the Associated Chinese Chambers of Commerce & Industry of Malaysia.
Tianshan Parkson in Shanghai, opened for business on 5 August.
Ototek received Boon Siew Honda’s ‘Best JIT Delivery 2010’ award for supplying IRC tyres and tubes to the Honda assembly plant in Prai, Pulau Pinang.
Parkson Nanning Xinan Shangdu in the Guangxi region, was opened on 30 October.
Parkson Retail Asia Limited was listed on the Singapore Stock Exchange (SGX) on 3 November.
Parkson Kunshan in Suzhou, China was opened on 5 November.
The refurbished Parkson Sibu in Sarawak was reopened on 1 December.
Parkson Changzhou City Center in Jiangsu Province was opened on 24 December, while Parkson Zhanjiakou in Hebei Province and Parkson Liupanshui in Guizhou were opened on 30 December and 31 December, respectively.
Parkson Pavilion received the “Innovative Shopping Outlet” award for 2008/2009 from Tourism Malaysia on 9 January.
The Group Head Office moved to new premises at Lion Office Tower, No 1, Jalan Nagasari off Jalan Raja Chulan in Kuala Lumpur on 1 February.
Likom De Mexico received an acknowledgement plaque from Elcotec PCE Mexicana for its commitment and support to the Elcoteq Juarez factory for the year 2009 on 22 February.
Parkson opened four new outlets in China: Shaoxing Parkson on 1 May, Sun Palace Parkson in Beijing on 3 September, Wuxi New District Parkson on 29 September, and Hefei Parkson on 27 December.
Lion-Parkson Foundation Chairman Puan Sri Chelsia Cheng officiated the groundbreaking ceremony for the Home for Handicapped and Mentally Disabled Children in Banting, Selangor, on the 4-acre site contributed by the Group on 30 September.
Nguyen Hong Joint Stock Company, a joint-venture company between the Group’s Parkland Saigon Ltd. Co. and the C&T Group, organised the groundbreaking ceremony for MIKASA 15-storey luxury apartments on 13 October in Vietnam.
The Malaysia Steel Association for upstream steel producers was launched on 2 November, with Tan Sri William Cheng as President, and Amsteel Mills, Antara Steel Mills and Megasteel among its nine founding members.
Parkson 1st Avenue in George Town, Penang, was opened on 18 November.
Parkson Bintang Megamall in Miri, Sarawak was reopened on 17 January.
Megasteel received the Smart Partnership Award (Customs-Private Sector Category) on 7 February for its collaboration with Jabatan Kastam DiRaja Malaysia in providing technical training and information sharing, particularly on the steel industry, for Customs personnel.
On 8 February, Lion-Parkson Foundation raised over RM1 million at the Million Dollar Dance Charity Show performed by Foundation Chairman Puan Sri Chelsia Cheng to build a centre for handicapped and mentally disabled children on a 4-acre land near Banting, contributed by Lion Group.
Parkson Gurney Plaza was awarded the “Best Customer Service 2008” award by CapitaLand, the management of Gurney Plaza Shopping Mall, under their Retail Hot Shop Award campaign.
Changshu Lion Enterprise Co Ltd organized the groundbreaking ceremony for its D’Venice Residence Project in Changshu City, Jiangsu Province, China on 13 April.
Opening of Parkson Square One Mall in Batu Pahat, Johor on 24 April.
Parkson Corporation received the ‘Asia Pacific Super Excellent Brand’ award.
The Group donated RM10,000 to the Typhoon Morakot Fund for Taiwan, with Puan Sri Chelsia Cheng presenting the contribution to HE Victor Tseng of the Taipei Economic & Cultural Office in Malaysia.
Opening of Parkson stores in Kota Bharu Trade Centre, Kelantan; and in 1 Borneo, Kota Kinabalu, Sabah, on 15 and 17 August, respectively.
Parkson opened two new stores: one in Shijiazhuang, China, and the other in Flemington, Vietnam, both on 25 December.
Amsteel Mills in Klang achieved a production record high of 78,903 MT in January.
Parkson Corporation opened a store at The Spring Shopping Centre in Kuching, Sarawak.
Lion Blast Furnace (formerly known as Apex Gem), a wholly owned subsidiary of Lion Diversified Holdings Bhd, signed an EPCC (Engineering, Procurement, Construction, and Commissioning) contract with Wisdri Engineering & Research Incorporation Limited of China to undertake a 2.5 million-ton Integrated Blast Furnace project.
Lion Blast Furnace Sdn Bhd also signed a similar contract with Beijing Shougang International Engineering Technology Co Ltd of China for a 2.2 million-ton Coke Oven and a 2.8 million-ton Sinter Plant.
Parkson opened new stores at Melaka Mall in Melaka and East Coast Mall in Kuantan, Pahang.
Lion-ASM Foundation was officially renamed Lion-Parkson Foundation on 29 September.
Opened Parkson Shanghai Xinhuang in Minhang District, Shanghai, on 29 September.
Lion Blast Furnace signed an agreement with China City Environment Protection Engineering Limited Company to build a 60MW power plant for the Integrated Blast Furnace project.
Vinashin Lion Steel Co. Ltd, a joint venture between the Group and Vinashin Group of Vietnam, held a groundbreaking ceremony for the Ca Na Steel Complex in Ninh Thuan Province, Vietnam, on 23 November.
Parkson ranked fifth in Malaysia’s Most Valuable Brands 2008, a valuation study commissioned by the 4As (Association of Accredited Advertising Agents Malaysia) and The Edge, conducted by leading brand consultancy Interbrand.
Parkson Pavilion was named “Best Retailer of the Year 2008/09” and won the “Top Department Store Award” by the Malaysia Retailers Association, while Parkson Subang Parade and Parkson KLCC received Certificates of Merit.
Zunyi Parkson, the fourth Parkson store in Guizhou Province, China, was opened on 30 December.
Parkson Corporation opened a store in Hai Phong City, Vietnam on 5 January.
Parkson Corporation launched ‘Parkson Cares,’ a public service initiative focused on health and environmental causes. Proceeds from the Fly Our Dreams album by Puan Sri Chelsia Cheng supported the Alzheimer’s Disease Foundation Malaysia.
Disposal of Sabah Forest Industries to Ballapur Industries Ltd., India.
SIT Corporate Learning Centre was renamed CEDR Corporate Consulting, offering competency-based HRD solutions and systems.
Divestment of SIT International College to HELP Institute.
Opening of a Parkson outlet in Ho Chi Minh City, Vietnam, in June.
Parkson opened a new store at Sunway Carnival Mall in Seberang Prai.
Lion Group and Vinashin of Vietnam signed an agreement for a steel mill project in Vietnam.
In July, Parkson was ranked among the top 30 Malaysia’s Most Valuable Brands by Interbrand and the 4As.
Parkson unveiled its premium lifestyle concept store at Pavilion Kuala Lumpur on 18 September.
Amalgamated Containers Berhad officially changed its name to Parkson Holdings Berhad on 19 September.
Tiara Melaka Golf & Country Club (TMGCC) was ranked the 16th best golf course in Malaysia for 2005/06 in a poll organized by Golf Malaysia Magazine.
Silverstone Berhad was named one of the top 10 finalists for the 2005 National Awards for Management Accounting (NAfMA), organized by the Malaysian Institute of Accountants and the Chartered Institute of Management Accountants Malaysia Division.
Parkson Subang Parade reopened on 29 April after a month-long renovation and refurbishment.
Property Division signed an agreement with Eastern & Oriental Group (E&O) to jointly develop 5.28 acres of prime land in Kuala Lumpur’s Golden Triangle on 16 June.
Parkson Suria KLCC was relaunched, showcasing high fashion and stylish living with a wide selection of international brand names and designer wear.
Amsteel Mills signed a Shareholders Agreement with Sembawang Kimtrans Ltd of Singapore to jointly operate an Inland Waterway Transportation System (WITS), managed by a joint-venture company, Lion-Kimtrans Logistics.
The Group completed and opened the RM35 million bridge over Sungai Langat in Banting, Selangor, to motorists and other users in late May.
Century Mahkota Hotel Melaka was renamed Mahkota Hotel Melaka, effective 1 July.
Lion Motor launched the Tuah Power Truck EQ1032TL-M, featuring a spacious interior, ergonomic seating, and a driver-friendly dashboard to enhance comfort for both drivers and passengers.
Megasteel set a new daily production record of 8,972 MT of hot rolled coils (HRC) on 5 August.
Group Executive Chairman, Tan Sri William Cheng, was named ‘Property Man of the Year’ by the International Real Estate Federation (FIABCI) Malaysia at its 14th Malaysia Property Award gala dinner on 4 September.
Parkson Corporation presented the ‘Parkson Charity Music Festival 2006,’ organized by Puan Sri Chelsia Cheng in aid of the Kuen Cheng School Redevelopment Fund and the Lion-ASM Foundation, on 29 October at Stadium Putra Bukit Jalil.
Silverstone made inroads into the Chinese market with its competition tires used in China’s Formula One racing events.
Lion Motor launched Tuah Powertrucks through joint technical efforts with Dong Feng Automobile Co Ltd and Anhui Jianghuai Automobile Co Ltd of China.
Parkson Suria KLCC received the KLCC Retail Award of Excellence 2005/2006, while U Parkson at One Utama was voted the Most Popular Retailer.
The Group’s HBI manufacturing operations in Labuan were transferred from Amsteel Mills to Antara Steel Mills.
Parkson Corporation opened its new Parkson Grand store at Alamanda, Putrajaya.
Posim Petroleum Marketing achieved a major milestone in the local automotive lubricant industry by becoming the first company to launch the latest API SM-grade lubricant.
Parkson Corporation opened its first outlet, Parkson Saigontourist Plaza, in Ho Chi Minh City, Vietnam.
Secom (M) launched its DX-I Control panels featuring new and improved security enhancements.
Parkson China, through Parkson Retail Group Limited, was listed on the Hong Kong Stock Exchange on 30 November.
Official opening of Wisma Lion, the new headquarters for the Steel Division on 6 September.
Tiara Melaka Golf & Country Club and Century Mahkota won the ‘Best Sports Tourism Sub-Sector’ and ‘Best 4-Star Hotel Sector’ awards respectively, at the inaugural Melaka State Annual Tourism Awards.
The Group celebrated its 75th Anniversary with a Charity Gala Dinner on 12 December, followed by an Appreciation Dinner on 13 December. A total of RM12.205 million was donated to charity from both events.
Property Division launched two service suite development projects in December: One Residency in the heart of Kuala Lumpur and Saujana Residency in Subang Jaya.
Parkson Corporation received the National Creativity & Innovation Award from the Malaysian Design Technology Centre for excellence in product development and promotion.
Silverstone Berhad launched its new passenger car tyre, Kruizer 1, developed through extensive global testing and featuring the innovative Micro-Beta Silica Technology.
Lion Diversified Holdings completed the sale of its equity interest in the brewery business in China to Interbrew SA, Belgium, world’s largest brewer.
Parkson Corporation opened its first management store, Parkson Ria, at South City Plaza, Seri Kembangan, Selangor.
Megasteel achieved a record production output of 160,000 MT in May 2004.
Parkson Corporation officially reopened the refurbished former Aktif Lifestyle store, renamed Parkson Grand The Mall, in Kuala Lumpur.
Megasteel signed a Memorandum of Understanding with Baotao Iron & Steel Co Ltd under Baogang Group of China to foster cooperation and enhance competitiveness in the steel industry.
Lion Steelworks’ N-series high-security safe received the Certificate of Product Conformity from UK’s Loss Prevention Certification Board and the Factory Production Control certification from BRE Certification Limited.
Silverstone Berhad became the first local tyre manufacturer to receive the ISO/TS 16949:2002 standard for quality management, certified by BVQI, an international certification body based in the United Kingdom.
Lion Motor launched the Pahlawan LM228 light truck in collaboration with Dong Feng Automobile Co Ltd of China, obtaining exclusive rights to assemble, market, and distribute the vehicle across the Asia-Pacific region.
The Group’s public-listed companies (PLCs) had their names changed: Chocolate Products (M) Bhd to Lion Diversified Holdings Berhad, Lion Land Berhad to Lion Industries Corporation Berhad, Angkasa Marketing Berhad to Silverstone Corporation Berhad, and Posim Berhad to Lion Forest Industries Berhad, to better reflect their core business activities.
Successfully completed the Groupwide Restructuring Scheme (GWRS); a comprehensive debt and corporate restructuring exercise involving Lion Corporation Berhad, Lion Industries Corporation Berhad, Amsteel Corporation Berhad, and Silverstone Corporation Berhad.
Property Division attained ISO 9001:2000 certification for Property Development from AJA EQS Malaysia Sdn Bhd.
Megasteel received Sirim Quality Certifications for its Hot Rolled Steel Coil, Hot Rolled Mild Steel Coil, and Hot Rolled Carbon Steel Coil.
Parkson acquired Aktif Lifestyle Stores from Aktif Lifestyle Corporation Berhad, with the stores continuing operations under the name of Parkson Aktif.
Posim Petroleum Marketing launched a new generation of maintenance-free passenger car batteries under the Hi-Rev brand the Hi-Rev Calcium: Calcium Battery.
Lion Steelworks was awarded the MS ISO 9001:2000 Quality System certification by Sirim.
Amsteel Mills commissioned the Electric Arc Furnace at its steel-making plant in Banting, Selangor, to produce molten steel.
U Parkson opended at Bandar Utama, a new tier of department stores offering a wide variety of branded items.
Silverstone Berhad received the MITI Industry Excellence Award for its all-steel radial truck and bus tyre.
Kinabalu Motor Assembly was awarded ISO 9002:1994 Certification by SIRIM QAS for its Quality System.
Lion Suzuki Marketing introduced the VR125 scooter, creating a new sensation in the scooter market.
Silverstone Berhad supported single-seater racing through its participation in Formula Malaysia.
Silverstone was endorsed as a Malaysian Superbrand by the Malaysia Superbrands Council.
Silverstone attained ISO 14001 Environmental Management System (EMS) certification.
Secom (M) officially opened its headquarters in Shah Alam, Selangor.
PT Lion Metalworks Tbk achieved the upgraded ISO 9001:2000 certification.
Parkson opened two stores in Penang, located at Gurney Plaza and Prangin Mall.
Ceemax Technology (formerly known as Likom Technology) received OHSAS 18001:1999 certification from SIRIM QAS.
Amsteel Mills’ expansion project in Banting, Selangor, commenced operations with a rolling mill producing special-grade bars and rods.
Sabah Forest Industries’ paper manufacturing operations received ISO 9002 certification for its Quality Assurance System.
Silverstone Berhad received MITI Award for “Innovative Product Development of a Malaysian Brand Name”.
Announcement of Groupwide Restructuring Scheme (GWRS) involving debt and corporate restructuring.
Amsteel Mills entered into a joint venture with Chuan Huat Hardware Holdings to produce pre-cut and bend steel bars for construction under CH-Lion Reinforcing Steel.
Official opening of Megasteel in Banting by the Prime Minister, YAB Dato Seri Dr Mahathir Mohamad.
Acquired Chocolate Products (Malaysia) Berhad, now known as Lion Diversified Holdings Berhad.
Developed Industrial Parks in Shah Alam and Melaka.
Listed PT Lionmesh Prima on the Jakarta Stock Exchange.
Started operations of Secom (Malaysia), offering a new concept in security services.
Listed Angkasa Marketing Berhad, later renamed as Silverstone Corporation Berhad on the Main Board of the KLSE.
Acquired Klang Securities, which later changed its name to Amsteel Securities, a stockbroking member of the KLSE.
Acquired and relisted Supreme Corporation Berhad under the new name of Lion Land Berhad, now known as Lion Industries Corporation Berhad on the Main Board of the KLSE.
Invested in Steel Industry Sarawak which operated a rolling mill for steel bars in Kuching, Sarawak.
Listed Posim Berhad, later renamed as Lion Forest Industries Berhad on the Second Board of the KLSE.
Acquired Sabah Gas Industries, later renamed as Antara Steel Mills, which manufactured Hot Briquetted Iron (HBI) in Labuan.
Diversified into the manufacturing and assembling of computer parts and peripherals with the setting up of six factories under Likom Group in Melaka Technology Park.
Listed Amalgamated Containers Berhad on the Main Board of the KLSE.
Acquired Kinabalu Motor Assembly, an assembler and distributor of Isuzu vehicles in East Malaysia.
Ventured into the factoring business with the acquisition of Heller Factoring (Malaysia).
Ventured into the foodstuff, confectionery and pharmaceuticals businesses in China.
Listed PT Lion Metal Works on the Jakarta Stock Exchange.
Acquired Lion Asia Limited (formerly known as Walsin International Holdings Limited), a Hong Kong Exchange listed company engaged in property and investment.
Ventured into tyre manufacturing business in China.
Launched retail operations in China with the opening of the first Parkson Department Store in Beijing in 1994, followed by the expansion into numerous other cities and towns.
Formed joint ventures in China to assemble motorcycles, mini vans, and light trucks, as well as manufacture components such as meters and carburettors.
Launched Tiara Melaka Golf & Country Club in Melaka integrating country living with bungalow lots and resort-style condominiums.
Officially opened Menara Lion (now Menara Citibank), a 50-storey office tower with 750,000 sq. ft. of net lettable area, developed by the Group’s Property and Construction Division.
Entered the private education sector through the acquisition of Sepang Institute of Technology (SIT International College), offering twinning programmes with universities in Australia, the United Kingdom, and the United States.
Acquired equity interests in several joint-venture breweries in China.
Successfully privatised Sabah Forest Industries from the Sabah State Government.
Established the Lion Group Medical Assistance Fund to provide financial assistance to needy Malaysians in conjunction with the Group’s 65th anniversary in 1995.
Completion of restructuring and re-listing of Lion Asiapac Limited (formerly known as Metal Containers Limited) on the Singapore Stock Exchange.
Commenced installation of Megasteel, Malaysia’s first flat steel mill and a new steel mill, Amsteel II producing special grade steel bars and wire rods in Banting, Selangor.
Entered into a joint venture with Messer Griesheim GmbH of Germany to form Secomex Manufacturing (M) to produce industrial gases in Selangor.
Ventured into the hospitality industry with the opening of Century Mahkota Hotel in Melaka.
Listed Shamrock Technology Co. Ltd, a leading PC monitor manufacturer in Taiwan on the Taiwan Stock Exchange.
Set up stockbroking subsidiaries in Hong Kong, Philippines, Indonesia, Singapore and representative offices in London and Bangkok.
Completion of restructuring and re-listing of Lion Teck Chiang Limited (formerly known as Malaysia Feedmills Limited) on the Singapore Stock Exchange.
Co-organised the Silverstone TransAfrica 4×4 Expedition, traversing 12 countries from Cape of Good Hope to the Mediterranean Sea covering 17,000km.
Lion Plastic Industries achieved the ISO 14001 Environmental Award, the first in Lion Group.
Opened Parkson’s flagship store at Suria KLCC.
Silverstone Berhad won the MITI Product Excellence Award for its special MT117 4×4 vehicle tyre.
Commissioning of plywood mill in Sabah Forest Industries’ Integrated Timber Complex.
Official opening of Vitarite Pharmaceuticals Factory in Cheng Industrial Estate, Melaka.
Antara Mills’ Hot Briquetted Iron laboratory received accreditation under the Skim Akreditasi Makmal Malaysia (SAMM), based on the internationally recognised ISO/IEC Guide 25 standard.
Listed Zhejiang Qianjiang Motorcycle Ltd on Shenzhen Stock Exchange in China.
Lion Plastic Industries received the Enterprise 50 Award, sanctioned by Ministry of International Trade and Industry.
Hot Commissioning of Megasteel, the first and only integrated flat steel mill in Malaysia.
Ventured into property development in Malaysia with the building of residential homes.
Amsteel commissioned its steel meltshop with the installation of a 70-tonne Electric Arc Furnace.
Lion Corporation Berhad was listed on the Kuala Lumpur Stock Exchange (KLSE) and Singapore Stock Exchange.
Amsteel was listed on the KLSE and the Singapore Stock Exchange as Amalgamated Steel Mills Berhad.
Ventured into finance with the acquisition of Asia Commercial Finance (M) Berhad.
Bought Suzuki Assemblers Malaysia which manufactures motorcycled under the Suzuki franchise and set up Lion Suzuki Marketing to market Suzuki motorcycles.
Bought the company which held the franchise for Suzuki vans and 4-Wheel Drives and changed the name to Lion Suzuki Motor.
Acquired the manufacturing and marketing of Fichet-Bauche security-related products for the Asia Pacific region.
Established the Parkson retail chain.
Expanded into tyre manufacturing by setting up Silverstone Tire & Rubber Co., now known as Silverstone Berhad.
Ventured into computer manufacturing through Microsystem Computers.
Expanded into dry cargo containers manufacturing and set up Amalgamated Containers.
Established the Lion-ASM Foundation to provide funds for education, scientific and charitable purposes; and award scholarships and educational loans to undergraduates.
Lion (Teck Chiang) was incorporated in Malaysia to manufacture rubber compound and steel office furniture.
Invested in Indonesia through PT Lion Metal Works manufacturing steel office furniture.
Completion of the first block of Teck Chiang Realty Industrial Building in Singapore.
PT Lion Superior Electrodes was set up to produce welding electrodes in Indonesia.
Bright Steel commenced operations producing cold finished steel bar.
Formation of Amalgamated Steel Mills, now known as Amsteel Corporation Berhad, the Group’s initial investment in the steel-making business in Malaysia.
Lion Plantations, involved in cocoa plantations in Sabah, was formed.
Amsteel’s marketing arms were set up – Angkasa Marketing, now known as Amsteel Mills Marketing, in Malaysia and Angkasa Marketing (S) Pte Ltd in Singapore.
Established brown and rock sugar factory in Malaya that became Malaysia on 16 September 1963.
Formation of Lion Metal Manufacturing producing steel angles, racks and shelvings.
Established Tuck Heng Manufactory Ltd in Singapore manufacturing steel office furniture, military beds and steel fabricated products.
Activities expanded to Malaya with the establishment of a rubber compound manufacturing plant and the assembly of CKD office furniture.
Established Teck Chiang Manufactory Ltd in Singapore specialising in foundry works (cast iron works), smelting scrap cast iron and exporting cooking pans and works to Indonesia, Malaya, Brunei, Borneo, Thailand and Burma.
Established brown and rock sugar factory in Singapore.
Trading and manufacturing activities began with sweets and confectionery products in Hong Kong and sugar-related products in Vietnam.
Expanded trading activities to Singapore.
Elephant
Neuzeit
Montserrat
Bliss Pro
Lion Symbol
Lion Symbol
Lion Symbol
Lion Symbol
Our Philosophy
Our Philosophy
Our Philosophy
Our Philosophy
Important Notice: Unauthorised Claims of Affiliation
It has come to our attention that certain external parties are falsely asserting affiliation with Lion Group of Companies. We wish to clarify that Lion Group has no connection with these individuals or organisations and has not authorised any third parties to solicit investments, procure supplies, appoint agents, or receive payments on our behalf.
Members of the public are advised to exercise caution and remain vigilant against fraudulent communications and online activities that improperly use the Lion Group name, branding, or website links.
Should any suspicious content or communications purporting to represent Lion Group be encountered, please direct inquiries through the Group’s official communication channels for verification.
