KUALA LUMPUR, Dec 2: Group Managing Director of Mah Sing Group Berhad (Mah Sing), Tan Sri Dato’ Sri Leong Hoy Kum was recently awarded Outstanding Property Entrepreneur 2015 while Mah Sing was ranked 5th at the Top Property Developers’ Awards 2015. This marks Mah Sing’s 6th consecutive win in the awards organized by The Edge Malaysia.
Outstanding Property Entrepreneur Awards 2015
Tan Sri Dato’ Sri Leong Hoy Kum was awarded The Edge Outstanding Property Entrepreneur Awards 2015 as an industry captain who have made significant and outstanding contributions in growing Mah Sing Group into a dynamic player at the forefront of the industry.
In 1965, Mah Sing Group was incorporated as a plastic trading firm. Tan Sri Dato’ Sri Leong founded the plastic manufacturing division in 1986 and rapidly grew the business with proprietary and OEM products for the automotive and electrical & electronic industries. Mah Sing Group was listed on the Kuala Lumpur Stock Exchange in 1992 as Malaysia’s No. 1 plastic manufacturer.
Tan Sri Dato’ Sri Leong ventured into property industry in 1994 with the Group’s maiden property project in Ulu Yam, Selangor. To date, Mah Sing has 46 projects spread throughout Malaysia’s property hotspots, namely the Klang Valley and Greater Kuala Lumpur, Johor Bahru (Iskandar Malaysia), Penang island and Kota Kinabalu, Sabah. The Company has over 26,000 homes, with an additional 35 projects on-going.
As at 30 September 2015, the Group had a cash pile of approximately RM1.3 billion and net gearing at 0.05 times. Its total unbilled sales and remaining landbank gross development value of RM30.6 billion can sustain the Group’s revenue growth over the next 8 years.