Parkwood Holdings Berhad (“Parkwood” or the “Group”), which was then known as Amalgamated Industrial Steel Sdn Bhd (“AIS”), was founded on 20 November 1969 as a private limited company. It was basically the brainchild of a skilled group of pioneering local hardware importers where AIS became the first premier manufacturer of steel pipes in Malaysia. Just under two years later, on 18 May 1971, the company commenced operations with a paid-up capital of over RM4 million and an authorised capital of RM10 million.
Having enjoyed steady growth and continuous success, AIS became a publicly listed company in just a matter of 3 years on 10th December 1974, following which the name was changed to Amalgamated Industrial Steel Berhad (“AISB”).
This was but a mere prelude to another great milestone when we obtained our official listing status on the Main Board of Kuala Lumpur Stock Exchange on 28 June 1983, now known as Bursa Malaysia Securities Berhad.
In 2015, AISB divested the manufacturing operations to focus on property related activities and trading of steel-related products. This move was primarily to improve the income stream and ensure long-term business sustainability to reduce its exposure to market volatility. The strategic move to focus on the property sector principally taps into the years of experience and successes collectively brought about by its elite senior management team and directors. In their own rights, each has previously successfully spearheaded property related projects locally as well as abroad under the LGB Group. The move paid off as the end result is Parkwood’s current status as an innovative and sustainable developer, producing top-of-the-line residential, commercial, mixed-use and industrial properties.
In 2020, AISB divested its steel trading operations to solely focus on the property sector. With the divestment, the Group’s listing on Bursa was re-classified from the “Industrial Products and Services” to “Property” sector on 12 October 2020. AISB officially changed its name to Parkwood Holdings Berhad after having secured shareholders’ approval for the change on 26 January 2021. This is to provide a new corporate identity and better reflect the Group’s principal activities in the property sector.
Board Of Directors
The board members, with vast expertise in its own right, are an assembly of years of experience and knowledge, in steering the Group forward to attain the various growth targets that have been set in place.
Dato’ Ronnie Lim Yew Boon, a Malaysian, is an Executive Director of Parkwood Holdings Berhad. He was appointed to the Board on 9 December 2003. He had served as a member of the Audit Committee from 16 December 2003 till 22 November 2007. He was a member of the Risk Management Committee up to the merger of the Audit Committee and Risk Management Committee on 1 January 2018.
Apart from Parkwood Holdings Berhad, Dato’ Ronnie Lim also sits on the Board of Taliworks Corporation Berhad and several private limited companies, namely Grand Saga Sdn Bhd, SWM Environment Sdn Bhd and a few others.
Prior to his appointment to the Board of Parkwood Holdings Berhad, Dato’ Ronnie Lim served as the Group Chief Operating Officer in LGB Group of Companies. He holds a Diploma in Civil Engineering and started his career in the field of construction with consultant engineers. With over thirty years of varied corporate and management experience, he has wide in-depth exposure in various key industries covering construction, manufacturing, property development and public utilities.
Dato’ Ronnie Lim is a cousin of Mr. Lim Chin Sean, who is an Executive Director and a substantial shareholder of the Company.
Mr. Lim Chin Sean, a Malaysian, is an Executive Director of Parkwood Holdings Berhad. Prior to his appointment to the Board as a Non-Independent Non-Executive Director on 26 September 2007, he was an alternate director to Dato’ Ghazali Bin Mat Ariff since 23 November 2005. He was then re-designated from Non-Independent Non-Executive Director to Executive Director on 23 November 2016.
Mr. Lim Chin Sean holds a Bachelor of Computer System Engineering Degree (Honours) from University of Kent, United Kingdom.
He joined the LGB Group of Companies since September 2003 and is currently involved in property development, construction projects, manufacturing and IT advisory services. He also sits on the board of Taliworks Corporation Berhad and several private limited companies.
Mr. Lim Chin Sean is a cousin of Dato’ Ronnie Lim, who is an Executive Director of the Company.
Mr. Lim Chin Sean is a substantial shareholder of the Company by virtue of his substantial shareholdings in Telaxis Sdn Bhd, which is a substantial shareholder of the Company.
Datuk Hew Lee Lam Sang is an Independent Non-Executive Director of Parkwood Holdings Berhad has been qualified as a Certified Public Accountant in Malaysia since 1988 and has more than 27 years of experience in the auditing and business advisory profession with KPMG in Malaysia. Datuk Hew Lee was the head of the consulting practice of KPMG in Malaysia before he was elected to manage the whole advisory practice in Malaysia until his retirement from practice at the end of 2015. His vast experience includes external auditing, initial public offerings, review of financial forecast and projections, corporate restructuring, share valuation, etc. Datuk Hew Lee has been a member of Malaysian Institute of Certified Public Accountants since July 1988 and a member of Malaysian Institute of Accountants since March 1990.
Ms. Irene Kam Sok Khuan joined the Board of Parkwood in November 2022 as an Independent Non-Executive Director.
Ms. Irene Kam is an Advocate and Solicitor. She was admitted as an Advocate & Solicitor of the High Court in Malaya on 24 August 2012, and is currently a Partner at Messrs. Azri, Lee Swee Seng & Co. She has extensive experience in advising clients from a wide spectrum of industries and has amassed expertise in advisory and dispute resolution involving a full range of Intellectual Property (“IP”) related issues, including devising strategy in order to protect the IP assets of an organisation. She also has over 15 years’ experience as a law lecturer, and brings her passion and insight of the law into her legal practice.
We aspire to be a premier corporation in property development and investment both locally and internationally.
We strive to deliver quality products and services with uncompromised professionalism that promote aspirational and sustainable communities.
Our Core Values
Represents our emphasis on having strong working ethical and moral principles by acting with professionalism, honesty, trustworthiness and honour.
Represents our pursuit for innovations and continuous improvement to deliver high quality products and services in tandem with the market trend.
Represents the collaborative effort of our people in pursuing shared goals in the most effective and efficient way through trust, mutual respect and embracement of diversity.
Represents our commitment to ensure that our businesses and products are sustainable economically, environmentally and socially.