South Korea, 14 November 2022 – Lion Group today signed a Memorandum of Understanding (MoU) with Yangsan City located in Gyeongsangnam-do Province, South Korea to promote the Group’s businesses to Yangsan’s potential investors and provide them with market expansion opportunities on a win-win basis.

Lion Director, Ms Serena Cheng signed on behalf of Lion Group while Yangsan City was represented by its Mayor, Mr Na Dongyeon.

Under the MoU, the two organisations will collaborate on information sharing, including business planning and discussions, with Lion Group providing business opportunities such as its industrial properties for sale and facilitate cross sale of the Group‘s products with Yangsan’s investors’ products and participating in upstream and downstream businesses related to steel and mining activities.

Yangsan City will provide its governmental support and incentives to facilitate and encourage Yangsan’s potential investors to participate in Lion Group’s businesses.

In her speech at the signing ceremony, Ms Serena Cheng introduced  Lion Group’s  latest industrial park; the 1,253-acre freehold  Banting Industrial City (BIC) in Selangor and hoped that BIC will be the preferred choice for South Korean companies especially in Yangsan City which are planning for expansion overseas and to invest in Malaysia.



For further information, please contact Mr Tony Oh, Lion Group Chief Business Development Officer at tel no 03-2142 0155/2141 0999 or email



About Lion Group

Lion Group  was established in the 1930s and today, has operations in Malaysia, China,  Singapore, Vietnam, Hong Kong, Cambodia and Laos. It is involved in the retail, property development, mining, steel, agriculture and services sectors. Since 1992, the Group has ventured into China with operations in the retail and property businesses.


It has three companies listed on Bursa Malaysia with two in Singapore and one in Hong Kong. It has an annual group turnover of approximately RM 11.9 billion (US$ 2.9 billion) and provides employment for more than 11,000 people. For more info, please visit


About Yangsan City

Yangsan is a city in Gyeongsangnam-do Province in South Korea, with production of steel, automobile parts, food and beverage, confectionery and sugar amongst others, including a university hospital within the new town development. The city is adjacent to Busan and Ulsan, and is accelerating its economic revitalisation and activities with the aim to become a future industrial city.