Tan Sri Lim Hock San leads LBS Bina Group to continue his father's Legacy

July 24, 2024

FYE 2023 LBS BINA ACHIEVED REVENUE OF RM1.83 BILLION, PROFIT AFTER TAX OF RM140.98 MILLION

Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San (66) graduated in 1982 with First Class Honours in Civil Engineering from the University of Wales, Science & Technology (UWIST), UK. He came home to work for the lorry transportation and construction business founded by his late father, Dato' Seri Lim Bock Seng (LBS, the acronym for LBS Bina). His brother, Datuk Wira Lim Hock Guan (62), who graduated with a degree in Civil Engineering from Tennessee Technology University, USA joined the family business too. Father and sons led LBS Bina to become a profitable and successful property developer which focuses on the affordable housing segment.

For FYE 31 Dec 2023 LBS Bina reported total revenue of RM1.83 Billion and profit after tax of RM140.98 million. Tan Sri Lim is Executive Chairman of LBS Bina while Datuk Wira Lim is Group MD/CEO. They hold the majority stake in LBS Bina.

Other Lim siblings are also in top management, including the third generation. Maj (Hon) Dato’ Sri Lim Hock Sing (60) and Dato' Lim Mooi Pang (57) are Executive Directors while Dato' Sri Lim Hock Seong (58) is Deputy CEO. Tan Sri Lim's son. Lim Kim Kiat (37), who holds an Honours Degree in Engineering Management, Mechanical / Manufacturing, University of Melbourne, Australia,  is also Deputy CEO of LBS Bina.

The Lim brothers control another listed construction/trading company, MGB Berhad, which achieved total revenue of RM971.83 million and profit before tax of RM69.21 million for FYE 31 Dec 2023. Tan Sri Lim is Group Executive Chairman of MGB while Datuk Wira Lim is Group MD. A substantial shareholder, Datuk Richard Lim Lit Chek who holds 14.9% of MGB (not related to Lim siblings) is ED/CEO. He holds a Master's degree in Engineering Management from Cornell University, USA. Another son of Tan Sri Lim, Lim Kim Hoe (39) is Deputy CEO of MGB. He holds an Honors degree in Civil Engineering from University of Melbourne, Australia.

ACKNOWLEDGEMENTS

  1. LBS Bina Group Berhad.2023 Annual Report.  https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=233282&name=EA_DS_ATTACHMENTS
  2. The Edge Malaysia. 28 March 2021. Chong Jin Hun. https://theedgemalaysia.com/article/lbs-bina-founder-lim-bock-seng-dies
  3. MGB Berhad. 15 January 2024. https://mgbgroup.com.my/media_updates/mgb-berhad-redesignate-tan-sri-dato-sri-ir-dr-lim-hock-san-as-group-executive-chairman/
  4. The Star. 20 August 2022. https://www.thestar.com.my/news/nation/2022/08/20/lbs-binas-family-mourns-loss-of-a-treasure
  5. The Star. 2022. https://www.thestar.com.my/news/nation/2022/04/22/tan-sri-lim-hock-san-receives-national-outstanding-entrepreneurs-lifetime-achievement-award6.
  6. KSI Strategic Institute for Asia Pacific. https://kasi.asia/about/who-we-are/
  7. The Edge Prop. 26 August 2016. Rachel Chew. https://www.edgeprop.my/content/861944/tan-sri-lim-hock-san-lbs-bina-group-bhd-keys-success-are-product-location-and-pricing
  8. MGB Berhad. 2023 Annual Report. https://mgbgroup.com.my/wp-content/uploads/2024/04/MGB-Berhad-Annual-Report-2023.pdf