Global Business Special

Celebrating 50 years of China-Malaysia bilateral ties

Updated:2024-06-20

China's rapport with Malaysia exemplifies the promise and potential of a dynamic relationship that benefits both nations. As the two nations celebrate 50 years of diplomatic relations and collaborative ventures, these rich ties continue to be strengthened.

This year marks a significant milestone in the history of China-Malaysia relations as we celebrate five decades of bilateral ties based on mutual respect, understanding, and common interests. From economic collaborations to cultural exchanges, China and Malaysia have forged bonds that bring prosperity and advancement to both countries. We appreciate the ties that both nations have cultivated and the accomplishments that have been made. Looking into the future, we are confident of further opportunities for collaboration, particularly in emerging fields such as technology, renewable energy, and green finance which offer promising prospects for sustainable growth.

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The Kuok Group began business in 1949 when it established Kuok Brothers Sdn Bhd in Johor Bahru, Malaysia.  Kuok Brothers, through its business units, was one of the early exporters of Malaysian palm oil to China and subsequently invested and formed other strategic partnerships in China.

Kuok Brothers' holdings include a significant stake in PPB Group Berhad (PPB). Incorporated in Malaysia in 1968, the PPB Group today has diversified businesses in grains and agribusiness, consumer products, film exhibition and distribution, and property.

Beyond business interests, the Group promotes the spirit of caring and sharing. This led to the incorporation of Kuok Foundation Berhad in 1970, which supports initiatives to alleviate poverty, primarily through financial assistance to deserving Malaysian students including scholarships.

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A flour and feed mill complex in Pulau Indah owned by FFM Berhad, a subsidiary of PPB

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A Kerry Properties commercial project in Jing'an, Shanghai

Over time, the Kuok Group diversified its investments regionally, expanding into real estate, hospitality, logistics, and more.

In 1974, Kerry Holdings Limited (KHL) was established in Hong Kong special administrative region. The Kerry name has since become associated with the Kuok Group's operations in Hong Kong and Chinese mainland.

KHL's property arm, Kerry Properties Limited, focuses on residential developments as well as a rental portfolio of mixed-use projects such as hotels, offices, shopping complexes and luxury apartments.

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The Group's hospitality arm operates deluxe hotels and resorts under renowned brands like Shangri-La, Kerry, JEN, and Traders.

Shangri-La Asia Limited, Hong Kong, an established name in China’s hospitality sector, has more than 50 hotels in strategic locations in China. It is also a major shareholder of Shangri-La Hotels (Malaysia) Berhad (SHMB). SHMB owns and manages a luxurious 5-star hotel in Kuala Lumpur and resort properties in Penang and Sabah.

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The Shangri-La hotel chain is a symbol of luxury and hospitality in the Asia Pacific region第二Kerry Holdings HK.jpg

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