History
Founded since 1953 by two entrepreneurs,Wong Yuk Siew and his sister’s husband Tang Kuok Ngiu,they began their business with their first textile shop with knitwear factory at High Street,Sibu. Ngiu Kee was named based on Tang Kuok Ngiu's name. [2]
Due to the urban development of Sibu in the late 1950s,Ngiu Kee moved to a double-storied shop at Raminway and transformed into a department store that sold clothes,shoes,baby essentials,beauty care items and other related products,such as Crocodile and Arnold Palmer. By the beginning of 1970s,Ngiu Kee had operated its branches across Sarawak,mainly in Miri,Kuching,Bintulu and Sarikei,as well as Kota Kinabalu and Sandakan in Sabah. [2]
During 1996,followed by Wong Yuk Siew's retirement,the Wong family sold the shares of Ngiu Kee. Ngiu Kee Corporation (M) Berhad was incorporated in Malaysia on 26 March 1996 as a private limited company under the Companies Act,1965 in the name of Ngiu Kee Corporation (M) Sdn. Bhd. In preparation for its listing on the Second Board of Bursa Malaysia Securities Berhad,it was converted into a public limited company on 23 May 1996. [1] [2]
On July 2011,Ngiu Kee ended the business after it defaulted on an RM34 million loan. [3] [4] [5]
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