Monday, 6 December 2021

The Borneo Co. Ltd


 In June 1856, The Borneo Co. Ltd ,was registered in London with a capital of 6,000 pounds, making it the only foreign company permitted to operate in Sarawak at that time.

Mu Niang Co. Ltd. has 6 shareholders, including Robert Henderson, the president of London Henderson Commercial Bank,John Charles Templer, and the first manager is Denmark Helms (Ludvig Verner Helms). Helms had been doing business in Singapore as early as 1852, and he got acquainted with James Block.

The office and warehouse of Mu Niang Company are located on the banks of the Sarawak River, where the Hilton Hotel is today. The business of this company is diversified, involving in the mining of antimony mines.

After the war, various businesses of this company were gradually acquired by other companies and finally completed its historical mission.

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