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Lotus Circular Berhad

Malaysian public company, formerly MESB Berhad, operating retailing, recycling and investment holding segments.

Last updated September 16, 2026

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Overview

Lotus Circular Berhad ("Lotus Circular"), formerly known as MESB Berhad, was incorporated in Malaysia in 1995 and is a public company listed on the Main Market of Bursa Malaysia Securities Berhad. It was initially established as Penastead Sdn. Bhd. and has grown into a diversified group with three core business segments: Retailing, which trades in leatherware, apparel and accessories; Recycling, focusing on waste recycling initiatives; and Investment Holding, managing strategic investments. Through its retail arm the Group markets fashion and lifestyle products under internationally renowned and in-house brands, while its recycling segment invests in eco-friendly practices and waste management solutions.

History

Lotus Circular Berhad, formerly known as MESB Berhad, was incorporated in Malaysia on 28 March 1995 as a private limited company under the name Penastead Sdn. Bhd., which was then changed to MESB Sdn. Bhd. and subsequently on 20 June 1995 changed to MESB Berhad. It is a public company limited by shares listed on the Main Market of Bursa Malaysia Securities Berhad. The Group's operations commenced under its former subsidiary Maintenance Engineering Sdn. Bhd. in 1971 as a trading company involved in engineering and supplies business, and subsequently diversified from trading to construction. Prior to discontinuing the engineering and construction business, the Engineering Division's services covered survey, detailed design, material procurement, construction, commissioning, maintenance and overall project management. Via Maintenance Engineering Sdn. Bhd. and other former subsidiaries, namely Dynamic Communication Link Sdn. Bhd. and MESB Development Sdn. Bhd., the Group executed over RM800 million worth of contracts, commissioning approximately 3,500km of overhead transmission lines from 33kV up to 500kV and erecting 1,000 units of transmission towers and 50 base stations. Lotus Circular is now structured into three business segments: Retailing (trading in leatherwares and apparel), Recycling (waste recycling) and Investment Holding.

Products and positioning

A multi-industry player serving both consumer and corporate markets, committed to quality, sustainability and long-term value creation.

Product categories. Leatherware · Apparel · Accessories · Fashion and lifestyle products

Sources2 sources

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