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The company was founded by the late Tan Sri Loh Boon Siew in the 1960s, beginning as the Malaysian distributor for Honda Super Cub motorcycles and later cars. [2]The groups has a combined total asset exceeding RM3 billion, shareholders fund exceeding RM2.2 billion and Cash/Cash Equivalent exceeding RM1 billion as of 31 December 2001 (source: annual audited accounts).
In the 1950s, Boon Siew went into property development with his friends Say Bee and Poh Heng by building residential villas in Taman Saw Kit in Penang. His work is continued by his Boon Siew Group. Boon Siew arranged to meet with Mr. Soichiro Honda , the Honda Super Cub 's creator, and quickly convinced him to set up a Honda subsidiary in Malaysia.
The company was founded in 1948 by the late Heng Siew Chiang (1918–1978) in Tawau, North Borneo as his business venture in the Nanyang region after emigrating from Chaoyang, China. Established as "Chop Heng Siew Chiang", it had its beginnings as a modest import-export trading house and grocery shop on the Dunlop Street [ 3 ] and later on the ...
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