Background of Jusco Aeon in Malaysia

Topics: Malaysia, Mahathir bin Mohamad, Abdullah Ahmad Badawi Pages: 1 (367 words) Published: May 26, 2012
1.0 Background of JUSCO AEON
ÆON Co. (M) Bhd. was started from Jaya Jusco Store Sdn. Bhd. In 15 September 1984, the first JUSCO store was established in Malaysia. In 1983, our Malaysian Prime Minister Dato’ Seri Dr. Mahathir (Now known as Tun Dr. Mahathir) visited Tokyo and then met the JUSCO Co. Ltd. President, Mr Takuya Okada to discuss the proposition of bringing JUSCO to our country. Luckily all of the talks ended with a positive note, and then Dr. Mahathir invited JUSCO to set up store in Malaysia. All these effort had responded to Malaysian Prime Minister Dato’ Seri Dr. Mahathir’s request to modernize three retail industry in Malaysia by using the world’s most advance management expertise. This is because he believes that it was a need for our country economic growth on that time. JUSCO’s vision is to establish AEON as a leading retailer brand in consumer finance and service industry by providing excellent customer service. Its mission is to provide a wide range of consumer financial services that best meet their customer needs and they are committed to serve their customers to improve their lifestyle through AEON products and services. AEON insist to a strict code of corporate ethics and at the same time, engage in activities which contribute to society. The board of directors of AEON are Dato’ Abdullah bin Mohd Yusof, who is the chairperson of the board, Mr Jerome Thomas Black, who is the non-executive director, Mr Nagahisa Oyama, who is the managing director and 7 more directors in the boards. The top 3 major shareholders of AEON are AEON CO. LTD, HSBC Nominees (asing) SDN BHD, and CITIGROUP Nominees (tempatan) SDN BHD. AEON is listed in Bursa Malaysia as a trust company under the Trust Companies Act 1949 and Registration of Businesses Act 1956. AEON was awarded the Green Leadership Award and Prime Minister CSR Award for Community and Social Welfare. This shows that AEON is really take part on their Corporate Social Responsibility as the effort that...
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