Hap Seng

Type of Investor:
Investment Management
AuM Assets Held US$:
44400000000
City:
Kuala Lumpur
Country:
Malaysia
Region:
Asia Pacific
+60 3 2172-5228
About

About Us

Hap Seng Consolidated Berhad (HSCB) is a public company listed on the Main Market of Bursa Malaysia Securities Berhad. HSCB is a diversified group with six core businesses namely plantation, property, credit financing, automotive, trading and building materials.

Progressive and forward looking, the Group emphasis on value creation, operational excellence and sustainability has enabled the Group to consistently deliver value to our shareholders.

Hap Seng Consolidated Berhad (HSCB) is a diversified Malaysian conglomerate with a rich history dating back to its incorporation in 1976. Over the years, the company has expanded its operations across six core business divisions: plantation, property, credit financing, automotive, trading, and building materials.

Key Milestones in Hap Seng History

1976:

Incorporated as Hap Seng Consolidated Berhad.

1978:

Listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia).

2004:

Acquired MUI Plaza in Kuala Lumpur, later renamed Menara Hap Seng.

2007:

Listed Hap Seng Plantations Holdings Berhad on Bursa Malaysia.

2016:

Acquired Malaysian Mosaics Sdn Bhd, a leading tile manufacturer under the MML brand, for RM380 million.

2020:

Completed Menara Hap Seng 3, linking it with Menara Hap Seng 1 and 2 to form Plaza Hap Seng in Kuala Lumpur Golden Triangle.

2022:

Opened the Hyatt Centric Kota Kinabalu, a 22 storey (5 star) hotel designed by renowned Japanese architect Kengo Kuma.

Asset Allocation/Holding Type
  • Agriculture
  • Financial Services
  • Real estate investments
Known Investment Strategies

Diversified Business Portfolio:
HSCB operates across six core sectors;
Plantations;
Cultivation of oil palm and processing of fresh fruit bunches into crude palm oil.
Property;
Development and investment in residential, commercial, and industrial properties, with a focus on sustainable and modern lifestyle concepts.
Credit Financing;
Provision of financial services, including hire purchase, leasing, and term loans, primarily targeting small and medium enterprises (SMEs).
Automotive;
Authorized dealer for Mercedes Benz vehicles, offering sales and after sales services.

Emphasis on Operational Excellence and Sustainability
HSCB prioritizes value creation through operational efficiency and sustainable practices. The company integrates environmental, social, and governance (ESG) considerations into its operations, aiming to deliver long term value to stakeholders.

Strategic Geographic Presence
While headquartered in Kuala Lumpur, HSCB has a significant presence in Sabah and the Klang Valley, leveraging regional growth opportunities.

Key Executives & Board of Directors
Boon Tan Group Chief Financial Officer
Email: tan.boon@hapseng.com.my
Direct: +60 17-700 1110
Country: Malaysia
Region: Asia Pacific
LinkedIn
HQ Address
21st Floor, Menara Hap Seng Jalan P.Ramlee, 50250 Kuala Lumpur, Malaysia
Year Founded
1976
Staff Number
11013
Countries of Interest
Malaysia
Geographies of Interest
Asia Pacific

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