Lion Forest Industries Berhad (LFIB) was incorporated in Malaysia under the Companies Act, 1965 on 8 March 1982 as a private limited liability company under the name of Posim Trading Co Sdn Bhd. It changed its name to Posim Sdn Bhd on 9 March 1991. It was converted to a public liability company under the name of Posim Berhad on 29 March 1991 and was subsequently listed on Bursa Malaysia Securities Berhad (Bursa Securities) on 2 April 1992. LFIB assumed its present name on 20 May 2003 and was listed on the Main Market of Bursa Securities on 3 August 2009.
Its business is currently focused on the distribution of building materials, petroleum and automotive products in the domestic market.
Its subsidiaries, Posim Marketing Sdn Bhd and Posim Petroleum Marketing Sdn Bhd, are involved in the trading of building materials, petroleum-based products including automotive and industrial lubricants under the Hi-Rev and T-Trax brands, and automotive components.