Tan Sri Ir Dr Lim Hock San.
CONSTRUCTION and property development solutions provider MGB Bhd
– a subsidiary of LBS Bina Group Bhd – announced today that it has redesignated Tan Sri Ir Dr Lim Hock San as its group executive chairman effective Jan 15 this year.
His appointment by the board is made pursuant to the retirement of outgoing independent non-executive chairman Datuk Abdul Majit Ahmad Khan, whose tenure ends on Jan 15, 2024.
As group executive chairman, Lim will preside over the board of directors, while group managing director Datuk Wira Joey Lim Hock Guan and executive director and CEO Datuk Richard Lim Lit Chek will continue to lead MGB in their respective roles.
In addition to his role as MGB group executive chairman, Lim is also the current executive chairman of LBS Bina Group Bhd.
“I would like to express my gratitude to the board for their confidence, and it is an honour to assume the role of MGB group executive chairman,” says Lim.
“This year, the management team successfully propelled MGB further ahead despite several years of challenging circumstances impacting the construction industry.
“With strong quarterly performances from the first to third quarters of FY2023, and the signing of our first international joint venture agreement with Sany Alameriah Industrial in the Kingdom of Saudi Arabia, MGB has attained several key milestones in the company’s growth.
“As we begin the year 2024, we are cautiously optimistic of economic factors affecting the world and Malaysia.
“Nonetheless, we persist in seeking opportunities while simultaneously enhancing our services provided through experience, innovation, digitalisation and technological advancements – exemplified by our Industrialised Building System (IBS) precast concrete products.
“This strategy is aimed at ensuring that MGB remains competitive and adaptable to any business environment,” he says.
About MGB Berhad
Established in 2007, MGB Berhad has evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia.
Through its subsidiaries, MGB provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in IBS precast concrete products.
MGB has a strong track record, with more than 15 years in design and build to general construction for residential, commercial and industrial buildings as well as infrastructure works.
MGB has successfully completed more than 25,000 units of properties, particularly in the affordable homes segment.
In addition, MGB has also completed more than 10,000 homes using their IBS precast technology.
For more information on MGB Bhd, go to www.mgbgroup.com.my
