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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.
Loh Boon Siew (1915–1995), first distributor of Honda motorcycles in Malaysia; Lim Goh Tong (1918–2007), founder of the Genting Group; Lillian Too (born 1946) Lim Kok Thay (born 1951), chairman of the Genting Group; Quek Leng Chan (born 1941), co-founder of the Hong Leong Group
Guangzhou, Honda Automobile (China) Company — a joint venture with Guangzhou Automobile Industry Group; Honda Jazz for export.; Wuhan, Dongfeng Honda Automobile — a joint venture with Dongfeng Motor Corporation; Honda CRV for China market and engines for: CRV (2.0 and 2.4l), Civic (1.8l), Spirior (Acura TSX, Euro Accord 2.4l).
AN1142 National Bank Limited; ... Boon Siew Finance Berhad; ... Borneo Development Corporation Sdn Bhd (Sabah) Borneo Development Corporation Sdn Bhd (Sarawak) ...
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[152] [153] However, Asia Motor's contract soon expired, and in September 1960, Toyota signed a new distributor agreement with Kah Motor, a wholly owned subsidiary of Penang-based Oriental Holdings, chaired by Loh Boon Siew. Kah Motor imported Toyota and Toyopet passenger cars such as the Tiara and Publica for sale in Malaya and Singapore. [154]
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