Posted by in Family Businesses, Non-listed Companies on Oct 12, 2020 .

The late Dato Choo Ching Hwa (1931-1996) and his wife, Datin Choo Lein Sei Keng, travelled around the world to conduct research on the design and development of cemeteries in the early 1980s shortly after Dato Choo retired from political activities. They set up Xiao En Memorial Park, Malaysia’s first private landscape cementery in 1987. The modern architecturally designed Xiao En Centre was officially opened on 1 June 2007 in Cheras, Kuala Lumpur. Covering a space of 13,900 sq metres it has an exhibition center, seminar hall, life care resource center, theater, auditorium, and funeral facilities.

The Choo members continues Dato Choo’s...

Tan Sri Dato’ Lim Kuang Sia, 68, founder of Kossan Rubber Industries Bhd (Kossan), has a Master’s degree in chemical engineering from Imperial College London, UK. His first degree was a Bachelor of Science (Chemistry) from Nanyang University, Singapore. An entrepreneur at heart, Tan Sri Lim started Kossan in 1979 to manufacture high technical-input rubber products known as Technical Rubber Products (TRPs), which are used in a wide array of industries, including infrastructure, automotive and industrial applications.  When the HIV/Aids epidemic created a spike in world demand for gloves, the enterprising Tan Sri responded by venturing into...

The most famous kitten in the world, Hello Kitty, is 46 this year (2020) and she remains as kawaii (Japanese for ‘cute’) as ever. She has an English name, Kitty White. Famous the world over, Hello Kitty was dubbed a “UNICEF Special Friend of Children” im 2004  when she raised US$150,000 for female education programs funded by UNICEF (The New York Times). In 2008 she was declared the Japanese Ambassador for Tourism in China and Hong Kong. Hello Kitty was also the official Ambassador for Japan Day at EXPO 2015 and more recently was recruited by the Japanese Government to back Osaka’s bid for EXPO 2025. The West Japan Railway Company (JR...

The Samsung Electronics group’s Chairman, Lee Kun Hee, passed away at the Samsung Medical Center located at Irwon-Dong, Gangnam-Gu, Seoul on Sunday, 25 October 2020. He was 78. In May 2014, Chairman Lee suffered a heart attack and was admitted to Samsung Medical Center. He stayed there for 6 years plus till his demise on Sunday.  

A deep sense of loss was felt across the nation for the passing away of Chairman Lee who is regarded as one of S. Korea’s top business icons. Chairman Lee has been credited for transforming the Samsung Group into an international electronics powerhouse. He succeeded his father, the late Lee Byung-Chul,...

Posted by in Tech, Fintech on Nov 04, 2020 .

Rakuten Trade Sdn Bhd (Rakuten Trade)  is Malaysia’s first fully online or digital equity broker. Business started on 19th May 2017 and exponential growth was experienced when the lockdown began in March 2020. In March alone, 11,000 retail accounts were opened with Rakuten Trade. As of March 31, 2020, Rakuten Trade  generated close to RM11 billion in trading value on Bursa Malaysia and activated almost 70,000 trading accounts. The company is a joint venture between Japan’s Rakuten Securities Inc, and Kenanga Investment Bank Bhd. Besides its easy to open accounts and convenient to trade platform, Rakuten Trade also provides free market...

Posted by in Food Businesses, Hypermarkets & Supermarkets on Nov 11, 2020 .

AEON CO. (M) BHD (AEON) is a leading General Merchandise Stores (GMS) cum Supermarket chain in Malaysia, with 28 AEON MALLs, 34 AEON Outlets, 5 MaxValu Prime Supermarkets across the country. It was listed on Bursa Malaysia in December 1996 as Jaya Jusco Stores Berhad (Jaya Jusco). Jaya Jusco set up its first retail store in Malaysia in June 1985 at Dayabumi Complex Kuala Lumpur. For financial year ended 31 December 2019 AEON reported revenue of RM4.5 billion and profit before tax of RM196.9 million.  

Its sister company, Aeon Credit Service (M) Berhad (Aeon Credit)  is also listed on Bursa Malaysia (12 December 2007). AEON Credit...

The convenience stores (c-stores) scene is getting saturated in the Klang Valley and beyond but that has not deterred listed Mynews Holdings Bhd (Mynews) from signing a licence agreement with S. Korean BGF Retail Co Ltd (BGF Retail) to bring the CU c-stores to Malaysia via its subsidiary, MYCU Retail Sdn Bhd. Founder of Mynews, Dang Tai Luk, thinks that the c-store segment is still young and full of potential. Mynews currently has 530 outlets in Malaysia.  

BGF Retail is controlled by its Chairman, Hong Suk-jo, who is the brother-in-law of the late Samsung Chairman, Lee Kun Hee. Hong’s sister is Hong Ra-hee, wife of Lee Kun Hee. CU...

Guan Chong Berhad is Malaysia’s largest cocoa processor and the world’s 4th largest cocoa grinder. Started by two cousins in 1983 with a factory to process cocoa beans in Muar Johor, current Managing Director and CEO, Brandon Tay Hoe Lian and Tay How Sik, Executive Director and Chief Operating Officer, have in the last 5 years reaped the biggest rewards of their more than 35 years of being in the cocoa grinding business. It has not been a smooth and easy ride with the vagaries of the commodity market for cocoa beans, but they have weathered the storms well. Revenues exceeded RM2 billion since 2015 and has been steady till the highest mark...