Who Is Really Behind Lim Seong Hai The Company That Took Menara Kl

---

When the 3rd concession of KL Tower was snatched from a Bumiputera company that had poured millions into saving it, a mysterious name surfaced as the beneficiary Lim Seong Hai Service Master Sdn Bhd (LSHSM)
At first glance, it appeared to be just another corporate player. But dig deeper, and you’ll discover a tightly held family network with political proximity, strategic ambition, and timing that defies coincidence
Let’s take a closer look
THE CORPORATE FRONT LSHSM LSHSM is the company that officially signed the 20 year concession deal for Menara KL. But this company didn’t even exist during the tender period. It was formed on 28 June 2024 nearly three months after the RFP closed on 5 April 2024
Its structure
•70% owned by LSH Best Builders Sdn Bhd, a subsidiary of Lim Seong Hai Capital Berhad •30% held by Service Master (M) Sdn Bhd, the Bumiputera partner brought in just enough to fulfill the equity quota A classic Ali Baba setup but this time with the credibility of a listed company
THE FAMILY DYNASTY BEHIND LSH CAPITAL LSH Capital is not a faceless public entity. It is run and dominated by the Lim family powerful, well-connected, and ambitious
Here are the key players: •Tan Sri Lim Keng Cheng – Executive Chairman •Datuk Seri Lim Keng Guan – Non-Independent Non-Executive Deputy Chairman •Lim Pak Lian – Managing Director & CEO •Lim Ding Shyong –  Executive Director (next generation) This isn’t just a board — it’s a dynasty
And they’re not just contractors. LSH Capital is in the middle of an aggressive expansion, aiming to move from the ACE Market to the Main Board of Bursa Malaysia. Securing Menara KL a national icon gives them prestige, revenue, and influence
All handed over debt-free
A GIFT FROM THE GOVERNMENT? Hydroshoppe took the risk. They absorbed liabilities. They upgraded the tower. They retained staff. They paid over RM1.5 million a month to keep the place running
But LSHSM, a company with no track record and no risk, got the 20-year deal
Why
Some point to the family’s close proximity to those in power. Others note how swiftly approvals were granted from “agreement in principle” to official handover within months
The only thing missing was transparency
WHY IT MATTERS This isn’t just a business story. It’s a story of privilege
It raises questions: •Was there insider access
•Was the tender fair
•Why was a new company rewarded while a Bumiputera one was punished
And most importantly who is really pulling the strings behind LSH
This is Part 5 of our ongoing exposé. And the story isn’t over
Stay tuned
Admin Malaysia Today The post WHO IS REALLY BEHIND LIM SEONG HAI THE COMPANY THAT TOOK MENARA KL appeared first on Malaysia Today.

---