Lion Posim Berhad (Malaysia)

Lion Posim Berhad is a company located in Kuala Lumpur, Malaysia. It is part of The Lion Group, which was established in the 1930s and has operations in Malaysia, China, Singapore, Hong Kong, Cambodia, and Laos. The Lion Group is involved in various sectors including retail, property development, mining, steel, agriculture, and services. Lion Posim Berhad is primarily focused on the retail industry. It operates approximately 80 Parkson department stores in Malaysia and China. Parkson has become one of the leading department store chains in the Asia Pacific region. The company is transforming into a lifestyle concept retail business, offering a wider range of products and services to cater to customers' lifestyles. It aims to create a more family-oriented experience by incorporating entertainment and food and beverage options. In addition to its retail operations, Lion Posim Berhad also owns and manages five shopping malls in China and one in Laos. The company has acquired distributorship of international brands such as SPAO from South Korea and Hogan Bakery from Taiwan. It also develops its own private labels under various brand names. Apart from its retail business, Lion Posim Berhad is involved in the trading of building materials, petroleum-based products, and automotive components. It blends and distributes automotive and industrial lubricants under different brand names and distributes various motor accessories. The Lion Group, including Lion Posim Berhad, has an annual group turnover of approximately RM 10.86 billion (US$ 2.47 billion) and employs over 11,000 people. The Group has three companies listed on Bursa Malaysia, two in Singapore, and one in Hong Kong. Its China operations are listed on the Hong Kong Stock Exchange, while its retail operations in Southeast Asia are listed on the Singapore Stock Exchange.