Parkson, The Rise and Unravelling of a Retail Empire
Timeline Description 1987 William Cheng acquired Emporium and launched the first Parkson outlet in Kuala Lumpur. The move marked Lion Group entry into retail as
March 21, 2026
Voices That Shape Tomorrow
Timeline Description 1987 William Cheng acquired Emporium and launched the first Parkson outlet in Kuala Lumpur. The move marked Lion Group entry into retail as
Timeline Description Early 1990s Malaysia opened its mobile telecommunications sector, shifting from analog to GSM networks. Vincent Tan Chee Yioun entered the industry early using
Timeline Description 1987 William Cheng acquired Emporium Holdings and launched the first Parkson outlet in Kuala Lumpur, entering the retail sector. 1994 Alfred Cheng expanded
Timeline Description 1924 Sungei Way Dredging Limited was established in Selangor, focusing on tin mining through dredging operations. The business generated stable cash flow but
Timeline Description 1983 Malayan United Industries, led by Tan Sri Khoo Kay Peng, brought Pan Malaysia Holdings into its corporate structure. The company became a
Timeline Description 1989 The collapse of Koperasi Serbaguna Malaysia triggered a market crisis, releasing a 28.9% stake in Multi Purpose Holdings Berhad into the market.
Timeline Description 1995 to 1997 Mutiara Telecommunications received investment from Vincent Tan, with Swisscom as a strategic partner. The business focused on prepaid services but
Timeline Description 2011 to 2012 True Renaissance Development Sdn Bhd secured development rights via joint venture with PMSB and launched Empire Remix. The project relied
Timeline Description 1960 Malayan United Industries(MUI) was founded as a toothbrush and plastics manufacturer with limited market presence. It remained a low margin, single segment
Timeline Description 1972 Lion Group expanded into steel manufacturing in Indonesia while building a regional trading network, positioning itself to benefit from industrial policy shifts.