Cheng’s grandfather founded Lion as a small trading company in Singapore after leaving China in the 1920s. After its establishment, the company started to manufacture and trade confectionery and confectionery products in Hong Kong and sugar-related products in Vietnam as well as expanding operations to Singapore.
In the 1940s, Teck Chiang Manufactory Ltd was established in Singapore specializing in casting works (cast iron works), smelting scrap iron and exporting cooking pans and constructions to Indonesia, Malaya, Brunei, Borneo, Thailand and Myanmar. In the 1950s, the company established Tuck Heng Manufactory Ltd in Singapore, manufacturing steel office furniture, military beds and manufactured steel products.
By the 1970s, activities in the production of steel and steel products were promoted with the establishment of subsidiaries in Singapore and Indonesia. When entering the 1990s, the company achieved certain achievements such as listing many subsidiaries on the stock exchange, opening more companies to expand its activities into the field of manufacturing. manufactures and assembles computer components and peripherals or wins certain awards.
Today, the company’s activities are increasingly expanding, with the company present in Malaysia, China, Singapore, Hong Kong, Cambodia and Laos and present in many other industries such as steel manufacturing (as a manufacturing company). Malaysia’s largest steel producer), furniture, mining, retail, real estate development, agriculture and services.
The group has three companies listed on Bursa Malaysia with two in Singapore and one in Hong Kong. It has an annual group turnover of around RM11.9 billion (US$2.9 billion) and employs more than 11,000 people.
According to Wikipedia