Tan Sri Cheng has more than 40 years of experience in the business operations of the Lion Group encompassing steel, property development, retail, credit financing, tyre manufacturing, motor, agriculture and computer industries. For a period of 7 years from 1988 to 1995, he was the Managing Director of Lion Fasteners Sdn Bhd, a company engaged in the business of manufacturing bolts and nuts. In 1990, he assumed the role of President Director in P T Lion Metal Works Tbk, a public company listed on the Indonesia Stock Exchange, which is a manufacturer of steel furniture, building materials and metal stamping products in Indonesia. He took on the position of Managing Director of the Company in 1995 and in 1996, he was appointed the Executive Director of the Likom group of companies which are involved in the manufacturing and marketing of computers, monitors and peripherals. 

Tan Sri Cheng is a Director of NTUC Fairprice Co-Operative Limited, Singapore. He was appointed a member of The Malaysian National Standards Committee (MyNSC) for the period from 1 January 2018 to 31 December 2020. Tan Sri Cheng was also the Chairman of the International Chamber of Commerce Malaysia from 2014 to June 2018 and is currently its Vice Chairman. In May 2020, he was appointed the Chairman of the Finance Committee of the Federation of Malaysian Manufacturers.

He is the nephew of Y. Bhg. Tan Sri Cheng Heng Jem, a major shareholder of the Company, and his cousin, Ms Cheng Hui Ya, Serena, is a Non-Independent Non-Executive Director of the Company.

He has interests in certain companies which conduct similar business with the Group in the property development sector.

He has a direct shareholding of 11,428,289 ordinary shares and a deemed interest in 74,745,649 ordinary shares in the Company