MNP's auction team promotes the sales and disposals of any movable or immovable assets by the way of competitive bidding. It provides a complete one-stop shop solution for all auction related services, from pre-sales to marketing, establishing true market value and achieving the highest possible returns for every item consigned to us for sale by way of auction.
The name "MNP" was initially meant to be “Mortgage and Property” by its founder, Stephen Soon when his sole proprietorship, MNP Management Consultancy was first set up to provide advisory services to secure bank financing for property-backed collateral.
It was then renamed to MNP Auctioneers when Stephen secured an auctioneer license from the State Secretary of Penang Government in April 2004. It was interesting that in one occasion, he met a close friend of his father, Mr. Mohammad Hussain Ibrahim, who was previously an auctioneer but is now a professional practicing solicitor. The Auctioneer License is a limited issuance from state to state and it can only be obtained on the release of the license by another auctioneer. He was motivated to apply for this license and further encouraged by Mr. Hussain, who then entrusted his license alongside his unique auction hammer as a gift. Stephen truly felt he inherited a great mission, and so, made this the career of his lifetime.
MNP’s first contract was the Maybank Grand Auction (late year 2004), that marked the beginning of his business which focused primarily in property auctioning. The company was incorporated as MNP Auctioneers Sdn. Bhd. in February 2006 to accommodate its expansion strategy and long-term goals. MNP was awarded ISO 9001:2008 Quality Management System in year 2010. MNP achieved another milestone by registering another flagship company named MNP Auctioneers (Central) Sdn. Bhd., commencing in January 2013 which became its nationwide control centre administering auction and operation matters.
In late 2016, we have rolled out the First Online Bidding Platform in South East Asia - www.best2bid.com. It is a revolutionary way for bidders to participate in live auctions via online without the constraints from geographical limitations. This is a E-LIVE dual bidding platform that facilitates both physical auction event participants and global online bidders, which promotes greater transparency, competitiveness and yield greater value to seller.
MNP Auctioneers (Central) Sdn Bhd (1008274-X)
B-3A-2, Block B, Megan Avenue II, Jalan Yap Kwan Seng, 50450 Kuala Lumpur (KL Office)
No. 161, Jalan Sungai Pinang, 10150 Penang (Penang Office)
Board of Directors & Top Management:
Mr Stephen Soon (Managing Director)
Mr Vincent Seah (Director, Online, Sales & Marketing)
Ms Vivian Tee (Director, Human Resources & Finance)
Mr Raymond Wong (Director, Business Development)