First Ever Malaysian Developer Wins ‘World Chinese Business Leaders Lifetime Achievement’ Award

LBS Bina Group Berhad Group Managing Director, Tan Sri Lim Hock San, at the gala dinner and awards ceremony, held in conjunction with the 3rd Asia Pacific CEO Forum in Macao.

LBS Bina Group Berhad (LBS) Group Managing Director Tan Sri Lim Hock San, became the first Malaysian business leader to be honoured with the coveted ‘World Chinese Business Leaders Lifetime Achievement’ Award,

Tan Sri Lim, who is also Chairman of the Malaysia-Guangdong Chamber of Investment Promotion (MGCIP), received the honour at an award ceremony held during the 3rd Asia Pacific CEO Forum in Macao recently.

He was also invited as a panel speaker for the ‘Belt and Road’ session regarding new strategies and collaborative platforms to empower entrepreneurs entering the era of the ‘Belt and Road’ Initiative (BRI) held in conjunction with the forum.

“Malaysia is well-placed to tap the ‘Belt and Road’ initiative on the back of its open policies, vast infrastructure developments, as well as familiarity in dealing with the Chinese people and business community following established trade and economic ties,” Tan Sri Lim said.

He added that Malaysia has all the right ‘ingredients’ to be the strategic partner and connector for the ‘Belt and Road’ markets and many Malaysian entrepreneurs, especially the small and medium-sized enterprises, are eager to tap the opportunities presented by the ‘Belt and Road’ initiative.

“The ‘Belt and Road’ initiative is a strategic platform for local entrepreneurs to expand their global footprint. They can work with relevant organisations, including trade associations, chambers of commerce and clan associations, in seeking the right opportunity and to gain better insights on what is really needed by the Chinese markets,” he said.

During the forum, Tan Sri Lim highlighted that the longstanding bilateral relations between Malaysia and China remained resilient, underpinned by strong economic and trade cooperation as well as people-to-people and cultural exchanges.

The strong bilateral trust between the two nations is also evident in the Prime Minister of Malaysia, Tun Dr Mahathir’s second official visit to China recently, in which he reiterated the government’s support for the ‘Road and Belt’ initiative.

LBS ventured into the China market in the early 1990’s. Todate, LBS has invested in the Zhuhai International Circuit (ZIC) which is strategically located in the booming Greater Bay Area.

ZIC is currently undergoing a programme to transform it into an integrated urban development comprising racing circuit, a cultural park, commercial and business units and mixed-use properties.

Tan Sri Lim is confident that ZIC will play a vital role in shaping the growth the Greater Bay Area given its strategic geographical location and economic potentials.

Tan Sri Lim concluded by citing LBS’s investment in ZIC as an example of how Malaysian businesses are establishing a wider presence in China following the introduction of the ‘Belt and Road’ initiative.

LBS is the first Malaysian company to joint venture with SANY Group of China in setting up an Industrialised Building System (IBS) plant in Nilai.

The establishment of a new IBS factory is not only aligned with LBS’ mission to build more quality affordable housing, it also heeds the Government’s call to build one million affordable homes over the next 10 years.

In the near future, LBS hopes to collaborate with potential Chinese entities to develop its existing landbank of 4,005 acres.