,Continuing a legacy: Lim Seong Hai Capital non-executive chairman Tan Sri Lim Keng Cheng and his siblings (from left) group managing director (MD) Lim Pak Lian, vice executive chairman Datuk Lim Keng Guan, as well as machinery, hardware and tools division MD Lim Keng Hun listed the group in memory of their late father.
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KUALA LUMPUR: Honouring their origins and the memory of their late father, Tan Sri Lim Keng Cheng and his three siblings have successfully listed Lim Seong Hai Capital Bhd (LSH Capital) in his name on Bursa Malaysia’s LEAP Market today - marking the first step to prepare the group for an eventual listing transfer to other markets on the bourse.
His siblings are LSH Capital vice executive chairman Datuk Lim Keng Guan, group MD Lim Pak Lian, as well as machinery, hardware and tools division MD Lim Keng Hun.
“This is an important day for the Lim family, as we finally realised our dream to list the business that was founded by our late father back in 1966. We always remember his teachings, which is to always have gratitude towards our origins and walk step-by-step towards success. There’s no shortcut in doing business.
“We can assure our investors that this is only the beginning of many good things to come,” said Keng Cheng, who acts as the group’s non-executive chairman.The substantial portion of the group's RM69.7mil orders originate from the LSH33 property development project situated in Sentul.
He added that the group does not set impossible targets, but instead takes it a step at a time with good corporate governance and an emphasis on transparency.
Traditionally, family-owned companies tend to seek listing to raise funds or recognition from the general public, but for LSH Capital, Keng Cheng said that the aim was to provide assurance and show appreciation to the loyal customers that have been with the group through the years.
He added, even for something as small as product warranties or after-sales service, the group places its customer first and believes it is the way forward to gain confidence with its present and future clients.“The listing is not to raise new capital, but to boost investor confidence through our LEAP Market introduction and demonstrate our commitment through action.
“Our minimum target is to achieve RM10mil profit after tax (PAT) in yearly revenue and we ultimately want LSH Capital to reach RM1bil within 10 years’ time,” he noted.Taking the BEST approach: The four directors’ combined 135 years’ experience will help sustain the group’s future growth and overall financial performance, leveraging its BEST formula.