HOME | OUR BUSINESS | CORPORATE GOVERNANCE | OUR PEOPLE | INVESTOR | CONTACT |
|
THEMALPACSTORY
The Company started as a
stock broking firm in 1976 under the
name of Chew & Teo. Subsequently the
firm’s name was converted to Seremban
Securities Sdn Bhd (SSSB) in 1987 and
thereon officially recognized as a
Member Company of The Kuala Lumpur Stock
Exchange (KLSE) (now known as Bursa
Malaysia). Apart from trading in
securities, SSSB also offered other
related services such as underwriting,
share registration and nominee services.
The Company was listed on the Main Board
of The KLSE on 12 December 1990 with an
authorized capital of RM50 million and a
paid up of RM25 million. In September 1995, the
Company increased its authorized capital
to RM200 million and paid up to RM62.5
million. In 1996, the paid up capital
was further increased to RM75 million.
At about the same time, SSSB’s name was
changed to Malpac Securities Sdn Bhd and
with the increase in working capital,
the Company had ventured into other
businesses like money lending, venture
capital and share financing through its
subsidiary companies namely Malpac
Capital Sdn Bhd and Malpac Venture
Capital Sdn Bhd. As a result of changing
landscape in the stock broking industry,
the Board decided to dispose of its
stock broking business to PM Securities
Sdn Bhd. The deal was completed on 15
September 2001. Subsequent to the sale
of stockbroking license, the Group
venture into oil palm cultivations and
investment holding activities. The
Group’s principal activities are
currently in cultivation of oil palm and
milling of palm oil, investments in
marketable securities and investment in
properties.
|