History And Business
LBI Capital Bhd (LBI) was incorporated in Malaysia on 21st August 1978 under the Malaysian Companies Act, 1965 as a private limited company under the name of Len Brothers Industries Sdn Bhd. The Company then changed its name to Len Brothers Rubber Products Industries Sdn Bhd.
Len Brothers Rubber Products Industries Sdn Bhd (“LBR”) was listed on then Kuala Lumpur Stock Exchange (now known as Bursa Malaysia Securities) in 1991, as one of the pioneer listed company in the second board of the Stock Exchange.
The principal activities of the Company at that time were manufacturing and marketing of rubber based products. LBR was the leading supplier and designated Original Equipment Manufacturer (“OEM”) of car rubber mats for several major motor vehicle assemblers such as Proton, Nissan, Toyota, Mazda, Ford, Daihatsu and Mercedes Benz. In addition, LBR was the only designated OEM supplier of car rubber mats to Nissan Motor of Japan and Ansell of Australia.
In 1996, LBR acquired Galaxy Waves Sdn Bhd and changed its name to Rumpun Hijau Capital Berhad. In 2003, Rumpun Hijau disposed Galaxy Waves to MBM Resources Berhad.
Then on 4th October 2004, LBI Capital got its name and ventured into property development. The principal activities of LBI Capital are now investment holding, the provision of management services and property investments whereas its subsidiaries and associated companies are principally engaged in property development.
The first development that we started was situated in Ara Damansara called Taipan 1. It comprised of 69 units of 3 storeys commercial shop offices with a GDV of RM78 million. It was sold off successfully and so LBI Capital continued on with Taipan 2, Putrawalk, Le Putra Avenue, Taman Pinggiran Permata, Puncak Lagenda, Desa Saujana, Puchong i-Hub. All our developments are sold out and that pushes us to strive for better excellence and profit for its stakeholders. Our property development strategy is niche developments in mature areas.
Our corporate philosophy is to achieve excellence in business that we venture into and creation of shareholders value. The management is dedicated and committed, constantly striving for excellence while conducting themselves with professionalism in every aspects of their job. This will ensure mutual and profitable growth for the Group and its stakeholders.