Rachel Leong accepting the Malaysia Best Managed Companies 2023 award from Yee, witnessed by Taliworks chairman Tunku Ali Redhauddin Tuanku Muhriz and Tsia.
PROPERTY developer Mah Sing Group Berhad has been recognised by Deloitte as one of Malaysia’s Best Managed Companies 2023.
Best Managed is a flagship programme by Deloitte Private, a division of Deloitte exclusively focused on serving private clients. Launched in 2021, the awards programme recognises privately and family-owned companies listed on Bursa Malaysia – with an annual revenue of at least US$50mil – for their organisational excellence and achievements.
Mah Sing takes pride in its fast turnaround business model which enables the company to swiftly progress across projects – from land acquisition, development, completion and handover to customers.
With a portfolio of 55 projects, Mah Sing currently has a total remaining gross development value (GDV) and unbilled sales of RM27.36bil – ensuring steady and visible earnings for the group.
Over the course of 30 years, Mah Sing has consistently innovated and evolved to maintain a competitive edge while remaining true to its brand promise of excellence in service, sustainable operations, and, delivery of quality and attainable homes.
Mah Sing Group strategy and operations director Rachel Leong received the Best Managed Companies 2023 award from Deloitte country managing partner Yee Wing Peng, witnessed by Deloitte South-East Asia’s Best Managed Companies leader Michael Tsia, at EQ Hotel Kuala Lumpur at a gala on Thursday.
“Being recognised among Malaysia’s Best Managed Companies 2023 is an incredible honour and a testament to our dedication to excellence and innovation,” says Mah Sing founder and group managing director Tan Sri Leong Hoy Kum.
“It reflects our relentless pursuit of best practices, strong governance, and sustainable growth.
“This recognition inspires us to continue pushing boundaries, delivering exceptional value to our stakeholders, and setting new benchmarks in the industry.
“We are proud of this achievement, and it inspires us to reach even greater heights in future.”
Mah Sing’s commitment to efficient execution, timely project delivery and cost management safeguards the strong reputation and trust of its brand.
Additionally, the group’s agile business model and prudent capital management further support its initiatives, ensuring a healthy balance sheet with low net gearing and strong cash liquidity.
“Being customer-focused is core to our business strategy,” said Rachel at the awards night.
“We continuously enhance customer experience by leveraging technologies such as customer relationship management software and cloud-based defect management system. The latter enables us to digitise the process of quality inspections, defect submissions and rectifications. Our mission is to deliver quality products and a superior customer experience,” she said.
This is Mah Sing’s first participation in the Deloitte awards. Listed on Bursa Malaysia in 1992 through its plastic manufacturing arm, Mah Sing ventured into property development in 1994 and was then reclassified from industrial to the property sector. Mah Sing successfully built a strong presence in the property sector, with high-rise residences, townships, offices, retail spaces, SoHo and industrial projects.
“Our employees are the cornerstone of Mah Sing’s success,” Leong adds.
“Their commitment and energy have been instrumental in bringing us to where we are today and for that, I express my sincere gratitude.
“We remain committed to fostering a high-performance culture that prioritises the well-being of our Mah Sing family, ensuring an excellent working environment.
“We will continue to push the boundaries to deliver exceptional value to our stakeholders and strengthen our commitment to the growth and development of our nation.”
Deloitte Malaysia Best Managed Companies leader Chee Pei Pei says: “The Best Managed Companies 2023 winners have demonstrated innovation, courage and resilience in the face of a rapidly evolving market.
“I’m proud to have witnessed the tremendous achievements of 13 Malaysian companies on their journey towards excellence since 2021. I applaud their stellar achievement and look forward to seeing more outstanding private companies attain remarkable achievements on the global stage.”
Designed to inspire, celebrate and build an international ecosystem of exceptional private businesses, Best Managed evaluates businesses based on four pillars – strategy, capabilities and innovation, culture and commitment as well as governance and financials.
Private companies compete for this prestigious designation in a rigorous and independent process that evaluates their management skills and practices. This includes their business strategy and operations analysed and benchmarked against a global standard evaluation framework, which is applied across more than 1,300 Best Managed Companies worldwide.
“From enhancing their sustainability practices to driving employee engagement and maintaining a strong balance sheet, these Best Managed Companies distinguish themselves by having an innovative vision and offering the best-in-class products and services to their customers,” says Tsia.
