Foreword from CEO

Foreword from CEO

HNG Capital celebrates 45 years in business in year 2021, marking our Sapphire anniversary. We have witnessed a lot of changes in the past 45 years, both within our own company and throughout the direct response industries. Going forward, HNG Capital will not rest on its laurels but will continue to expand its renewable energy assets in the ASEAN region. At the same time, the Group is championing all its businesses in enhancing and sustaining the very essence of living - today and for generations to come.

All these changes and achievements over the last 45 years were made possible through unwavering efforts. As a result, HNG Capital is recognised in the market as a trusted and professional company.

We couldn’t have done it without you, nor can we take the next steps without your support. To all our employees, stakeholders, business partners, vendors, suppliers, bankers, family and friends, both past and present, we thank you for 45 remarkable years of warmth, friendship and support. We seek your continued support as we carry on working towards our goals. We are also well prepared in making sure that we overcome this global health crisis in good shape.

On behalf of the company, the executive team, and all the employees of HNG Capital, we wish you bountiful blessings of good health, prosperity and success.


A Commemoration Of Milestone Achievements

  • 1976

    The founding of the Group began with Leader Cable Industry Berhad, a cable and wire manufacturing company in Sungai Petani, Kedah

  • 1988

    The Group undertook a merger and reverse takeover exercise which involved the then listed Universal Cable (M) Berhad. This led to the eventual formation and listing of Leader Universal Holdings Berhad (LEADER Group) on the Bursa Malaysia Securities Berhad.

  • 1994

    Entered power purchase agreement with Électricité du Cambodge for diesel-fired power plant in Phnom Penh, first independent power producer in Cambodia.

  • 2004

    Dato’ Sean H’ng Chun Hsiang was appointed as the Group CEO, leading the Group's venture into the four core businesses which are Power, Metal, Hospitality and Property.

  • 2009

    Entered power purchase agreement with Électricité du Cambodge for our 1st coal-fired plant (120 MW) in Cambodia under Cambodian Energy Limited.

  • 2010

    Entered power transmission agreement with Électricité du Cambodge for our 1st transmission line concession in Cambodia under Cambodian Transmission Limited.

  • 2011

    HNG Capital Sdn Bhd 201101033693 (961828-H) was incorporated to undertake the privatisation of Leader Universal Holdings Berhad (LEADER Group).

  • 2012

    The privatisation exercise of LEADER Group was completed in May 2012.


    Its first hotel in Malaysia, Macalister Mansion was launched in April 2021 with 8 rooms, dining and bar after a 20-month of restoration work on the century-old colonial heritage building in Penang.

  • 2013

    Cambodian Energy Limited & Cambodian Transmission Limited achieved commercial operation.

  • 2014

    The Group disposed the investment holdings in Leader Cable Industry Berhad and Universal Cable (M) Berhad, repositioning itself as a Power player and expanding its renewable energy portfolio.

  • 2016

    This was the most eventful year owing to the following achievements:


    Acquired 70% stake in 51.7 MW Leader Nam Tien Hydropower Joint Stock Co.


    Housed within the historical CHIJMES in Singapore, the 40-seat fine-dining Whitegrass restaurant was established

    The year also marked another successful acquisition of a four-star hotel in Malaysia known as The Northam All Suite, Penang. It is currently under full renovation and rebranding works, expecting to complete and commence the operation towards Q1 of 2024

  • 2017

    Entered power purchase agreement with Électricité du Cambodge for our 2nd coal-fired plant (150MW) in Cambodia under Cambodian Energy II Co., Ltd.

    Awarded our 1st solar project (38.0MWp) in Malaysia under Leader Solar Energy Sdn Bhd.

  • 2018

    The Group entered into a Share Purchase Agreement for the disposal of Leader Universal Aluminium Sdn Bhd (LUA).

    Leader Solar Energy Sdn Bhd achieved commercial operation.

    Awarded our 2nd solar project (29.4 MWp) in Malaysia under Leader Solar Energy II Sdn Bhd.

    Beginning of Leader Energy’s journey towards renewable energy.

  • 2020

    Despite the challenges presented by the global health crisis, the company held on tight to its business goals and made notable achievements as follows:

    The Group acquired the first-ever project finance deal in Cambodia with Mizuho Bank and ING Bank for the Cambodian Transmission Limited (CTL) project, which is also backed by World Bank Group’s Multilateral Investment Guarantee Agency (MIGA).

    Launched the ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk of RM260 million for the Malaysian solar projects. The Sukuk was assigned an AA-IS rating by MARC, as well as accorded a “Gold” sustainability bond rating.

    Leader Solar Energy II Sdn Bhd & Cambodian Energy II Co., Ltd achieved commercial operation.

    Entered into agreement to acquire our 1st solar project in Vietnam (330 MWp) via Clean Energy Vision Development Joint Stock Company.

  • 2021

    Leader GUH Renewable Energy Sdn Bhd undertook various solar projects across Taiwan.

    Acquired 100% shares of LYS Energy Solutions Pte Ltd to bolster Southeast Asian’s clean energy transition especially in rooftop solar.

  • 2023

    Acquired Cambodian Transmission Limited II.

    Acquired Vinh Hao 6 Solar Power Plant.


From HNG Capital's inception to success after success, this video captures our passion for what we do and our pride in our accomplishments.

HNG Capital’s more than four decades of presence and continuous advancement is dotted with a number of milestones. Strategic management, collaborative team spirit and steadfast dedication to quality have got us this far and will take us to greater heights.


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