Township Developer Gaining Strengths from Diversifying Business Portfolio
Petaling Jaya, 12 December 2018 – Leading township developer LBS Bina Group Berhad (LBS) ends the year on a high note by clinching the ‘Highest Returns to Shareholders Over Three Years’ in the Property Sector award, for a company below RM3 billion market capitalization, at The Edge Billion Ringgit Club 2018. The award was presented to Dato’ Alan Chia, LBS Bina Group Berhad Executive Director by Dr Claus Weidner, President and CEO of Mercedes-Benz Malaysia Sdn Bhd. The ‘Highest Returns to Shareholders’ award recognizes the total shareholder return of Bursa-listed property company over a three-year period. The challenging property market conditions have not hindered LBS from delivering consistent financial performances and steady returns to shareholders. The developer has consistently rewarded its shareholders and has declared regular and special dividends over the past financial years.
(Third from left) LBS Bina Group Berhad Executive Director, Dato’ Alan Chia, received the prestigious The Edge Billion Ringgit Club 2018 award from (second from left) Mercedes-Benz Malaysia Sdn Bhd, President & CEO, Dr Claus Weidner, who presented the award alongside (extreme left) OCBC Bank Malaysia Bhd CEO, YBhg Dato’ Ong Eng Bin, and (extreme right) The Edge Media Group, Publisher & Group CEO, YBhg Datuk Ho Kay Tat.
LBS Bina Group Managing Director, Tan Sri Lim Hock San, said, “It is a great honour to receive this award. It is another proud achievement and a testament of our continued efforts in growing our business and improving performances, which allows us to deliver exceptional shareholder value. We are very grateful to our shareholders for their continued support and confidence in LBS.” “As an innovative township developer, LBS has been embracing changing market demands by designing and constructing developments aimed at improving the quality of homeowners’ lives, while diversifying into new portfolios to drive growth. This allows us to realize the underlying potential of the Group which maximizes shareholders’ value in the long run,” Tan Sri Lim Hock San added.
To date, LBS has launched a total of RM 1.2 billion worth of properties including the recent launched Kita @ Cybersouth which has contributed positively to the Group’s financial performance. The Group looks forward to an uptrend growth supported by a current landbank of 3,918 acres as at 15 November 2018. The Edge Billion Ringgit Club (BRC) was started in 2010 to recognise Malaysia’s best- performing companies. Organized by The Edge Media Group, BRC celebrates Corporate Malaysia’s crème de la crème and top responsible organizations.
About LBS Bina Group Berhad
LBS has a distinct pedigree which dates back to 1980s when Dato’ Seri Lim Bock Seng – a young and aggressive man with vision – founded the original construction business in Petaling Jaya. After a decade of rapid growth, LBS set its sights higher and ventured into the property development sector in 1992 where it started its first project, the Jelapang Maju Light Industrial Park in Ipoh, Perak. After taking over the baton from his father, Tan Sri Lim Hock San has grown and developed LBS into one of the major players in property development in Malaysia. LBS Bina Group Berhad (5789) was listed on the Main Board of Bursa Malaysia Securities Berhad in 2002 with business expanded to Zhuhai, the People’s Republic of China.
Under the leadership of Managing Director, Tan Sri Lim Hock San, the Group re-strategized its business model, and launched a brand new image, identity and direction as part of its long term objective to be an internationally recognized developer, building and inspiring lifestyle spaces that enhance community living. To mark this new direction, the Group has extended its portfolio of quality homes to the high-end market and has embarked on a progressive journey of change, which includes the areas of product, customer experience, after-sales services, sustainability, green technology and design.
In recognition of his entrepreneurship, Tan Sri Lim was awarded the Asia Pacific Entrepreneur of the Year Award 2012 by Enterprise Asia. In July 2012, as an acknowledgement of his active involvement in the development of Zhuhai City, China, Tan Sri Lim Hock San was appointed a committee member of the Zhuhai Municipal People’s Political Consultative Conference (Zhuhai CPPCC). Under the stewardship of Tan Sri Lim, the Group was awarded the ‘Best Company for Leadership of Property Development’ at the 2014 International Alternative Investment Review (IAIR) Awards.
Another exemplary accomplishment of Tan Sri Lim was the conferment of The Brand Laureate Hall of Fame – Lifetime Achievement Brand ICON Leadership Award 2015. Tan Sri Lim was presented the award in recognition of his perseverance through many years, resilience that has withstood the test of time, demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility through LBS. In appreciation of his contribution to the lasting relationship between Malaysia and China, Tan Sri Lim was conferred the Lifetime Achievement Award 2015 during the World Chinese Economy Summit 2015 (WCES).
The World Economic Summit honours entrepreneurs for their dedication, selfless service and innovative leadership. LBS marked new milestones in 2016, as the company was awarded the 5 Star Best Development Marketing Malaysia award for its lifestyle-concept development BSP21, and the 5 Star Interior Design Show Home Malaysia award for its Corallia semi-detached homes, at the prestigious Asia Pacific Property Award (APPA) 2016. LBS also clinched the BrandLaureate Most Valuable Brand Award for Property Industry 2016 award in recognition of its esteemed reputation as a trusted property developer at the BrandLaureate Best Brands Awards 2015 – 2016.