IOI Corporation Berhad Essay Example

IOI Corporation Berhad Essay In 1990, the founding chairman Dates Tan Seen Man decided to retire and his on Tan Sir Tan Change Mum replaced his position as the new chairman of the company. Soon after he took over his father position as chairman, he always wishes TAB to be listed in Bursa Malaysia as one of the public listed companies in Malaysia. In year 1 992, the company changes its name from Tan Bertha to Tan Holdings Bertha. At the same year, TAB has been successfully listed in Bursa Malaysia and the company obtains the funding from its initial public offering. When the company has been listed in auras Malaysia, Tan Sir Tan Change Mum decided to maximize the company wealth by venturing into Food industry equines in 1992. TAB also manage to set up a subsidiary company named Tan Food Industry Bertha to manage the holdings companys food industry business. Since then, TAB has begun to flow into international market when the company successfully acquires multiple food production plants in Malaysia and started to export the food products to Singapore, China, Japan, Korea, Indonesia, United States and United Kingdom. The company also obtains the ISO 9001 from the government of Malaysia. We will write a custom essay sample on IOI Corporation Berhad specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on IOI Corporation Berhad specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on IOI Corporation Berhad specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In 1 999, the company begins to venture itself in property investment and development industry. TAB successfully bough several piece of properties in Malaysia and also in other foreign countries such as China, Indonesia, Singapore and Thailand. In 2014, TAB was ranked 36th in the Forbes Malaysia among other 1 00 I. Product and Services: TAB has grown to become one of the leading conglomerate companies in Malaysia. In the food production industry Of the company, the company introduces variety of biscuits such as Choc Pie which is very famous in United States and South Korea to consumers in Malaysia. Furthermore, the company has manage to produce more than 50 types of biscuits and available for Malaysia consumer and exportation to other countries. Moreover, TAB also produce and extract high quality palm oil in the palm oil plantation at Kerning, Clangor. TAB also recognized as one of the contributor in the exportation of palm oil to other palm oil consumption countries especially to China In the property investment and development industry of the company, TAB successfully launch the Z-Residence (a 20 floors premium condominium) in Cybercafà ©. II. Future Prospect In the future, Tan Holdings Bertha will diversify the companys business portfolio by venturing into telecommunication industry. TAB will become one of the network and Internet service providers when the company successfully applied for a network service license which approved by Malaysia Communications and Multimedia Commission (MAC). The company will also plan to provide high-speed Internet service (using fiber optic cable) to residents in Malaysia. Moreover, TAB will also expand its property investment and development business in the future by property hotels, resorts and recreation development. Therefore, TAB is considered as one of the good companies with better prospect to sustain in the future. IV. Board of Directors and committees The Chairman of Tan Holdings Bertha (TAB) is Tan Sir Tan Change Mum since 1990. Prior to his position as chairman of TAB, he holds one of the top management positions in TAB. His father wants him to learn how he manages the company. In addition, the Chief Executive Officer (CEO) of TAB is Eng Kina Hat. He has a great leadership and previously he is one of the CEO another public listed company in Malaysia as well. With his leadership skills, TAB believe that he will bring a better future prospect of the company. Moreover, the current Chief Financial Officer (CUFF) is Mrs.. Limit Yen Vein. She was an CA professional certification graduate and has more than 20 years experience in accounting profession. Further, the company also appointed Mr.. Peter Limit as independent non-executive directors of TAB. Since then, Mr.. Peter Limit has been actively involved in companys corporate affairs and general management. 01 Corporation Bertha (101 Group) 101 Corporation Bertha (commonly known as 101), was incorporated on 31 SST of October 1969 as Industrial Oxygen Incorporated Sad Bed. The company first core business is industrial gas manufacturing. Subsequently, 101 successfully listed in Koala Lumpy Stock Exchange (KEELS) on 29 July 1980. Moreover, the company also ventured into resource based manufacturing businesses (refineries, Electrochemical and specialty oils and fats) when the company successfully a cquired Perusal Mesas Sad Bed. Since then, the company is recognized as the most efficient oil palm plantation company in the world. Besides that, 101 also venture into Electrochemical business when the company has acquired 32. 96% stake in Palmtop Holdings Bertha (renamed as 101 Electrochemical Industry Sad Bed) on March 1997. Since then, 01 Corporation Bertha has become a vegetable-based Electrochemical producer in Malaysia. In addition, the company also manages to acquire a controlling interest in Lam Soon Hat Development Bed (renamed as 101 Properties Bed) in January 1994 and it becomes One of the subsidiaries Of 101 Corporation Bertha. With this acquisition, the company has taken its first step into property investment and development industry. Besides that, the company also takes an important role in promoting Malaysia Tourism when the company decides to build and develop resort in Pituitary known as 101 Resort City. Subsequently, 01 Properties Bed has successfully listed on the Main Market of Bursa Malaysia as one of the largest property companies in January 2014. II. Product and services: Currently, 101 Corporation Bertha has successfully diversifies its business portfolio such as plantation and agriculture, property investment and development, chemical manufacturing and resorts. As a result, 101 is recognized as one of the biggest conglomerates in Malaysia. In the plantation and agriculture industry of 101 Corporation Bertha, the company operates 152,000 hectares of oil palm plantations in Malaysia and 83,000 hectares in Indonesia. The company also operates 12 palm oil mills with a total capacity of producing 4. 1 million tones per year. Malaysia and one located in Netherlands. These refineries convert crude palm oil into edible oils such as palm oil and palm kernel oil and market off to various food production companies. Thus, it contributes to Ohios biggest income generator among other business portfolio. Moreover, in the Electrochemical and specialty oils and fats industry (under resource-based manufacturing) of 101 Corporation Bertha, the company is known as one of the leading vegetable-based Electrochemical producers in the oral. In addition, the company also involves in manufacturing and selling of fatty acids, glycerin, soap noodles and fatty esters which is needed to produce detergents, shampoo, soap and cosmetics. As for the specialty oils and fats industry of the company, 101 Corporation Bertha manage to supply fractionated oils and fats required by food industry such as Milliner, Nestle, Catbird and Kraft. On the other hand, the property investment and development of 101 Corporation Bertha has also brought in a portion of income to the company. The company has managed to acquire several of lands. Besides that, the company has also launched 101 City Mall in 101 Resort City in Pituitary recently. Below is the list of properties that owned by 101 Corporation Bertha: Location: Property name: 1. Pouching sierra, Bandanna Putter Pouching and Bandanna Pouching Jay 2. Pituitary 101 Resort City 3. Slang Bandanna Putter Slang and Bandanna Putter Slang 4. Bang Bandanna putter Bang 5. Seepage Bandanna Putter Warns 6. Bah (Niger Assemblies) Bandanna 101 Bah 7. Kulak (Juror) Bandanna Patria Kulak and Bandanna Patria Casemate 8. Despair (Penman) Despair 9. Singapore South Beach development and Pinnacle at Santos Cove 01 Corporation Bertha has many future prospects that are planned in future especially in the companys property investment and development business portfolio. The company has plan many new property projects in Bandanna Putter Bang such as Cubical Square, Lamar Residence. Besides that, the company also plans to further develop Bandanna Putter Pouching with a few residential areas with projects named Putter Hills Luxury Town Villa and Putter Hills Condominiums where is located in Pouching. Moreover, 101 Corporation Bertha also has planned to buy a substantial stake of 37. 17% in Taipei Financial Center Corp. (TFTP). For your information, TFTP owns the most famous landmark of Taiwan, the Taipei 101 tower. Currently, the negotiation of acquisition of stake by 101 Corporation Bertha to T FCC is still on going. As for the plantation and agriculture of 101 Corporation Bertha, the company plans to replant at least aha to aha of estates in Malaysia and plant around aha of new palm oil Indonesia per annum for the next 3 years ahead. The company is also reportedly active in negotiation with international companies for potential joint ventures in the specialty oils and fats industry. The current executive chairman of 101 Corporation Bertha is Tan Sir Data Lee Shin Change. He is also the founder of 101 Group which listed on Bursa Malaysia on 29 July 1980. Furthermore, He was awarded the prestigious Malaysia palm Oil Association Recognition Award in 2011 for his great leadership which lead 101 Corporation Bertha became one of the leading plantation and property group in Malaysia. Moreover, the current Chief Executive Officer (CEO) of 101 Corporation Bertha is Data Lee Yew Chord. The Board of Directors of the company appointed him as CEO of the company on 8 January 2014. Furthermore, he holds a LB (Honors) from Kings College in London and Diploma in Finance and Accounting from London School of Economics. Prior to his position as CEO of 101 Corporation Bertha, he served in Malaysia Judiciary service as a Magistrate. In addition, Mr. Lee Yew Seen is a Non-lengthened Non-Executive Director of 101 Corporation Bertha. He is actively involved in corporate affairs and general management within 101 Corporation Bertha and its subsidiaries. Moreover, Tan Sir Peter Chin FAA GUI is a Chairman Of the Nominating and Remuneration Committee as well as member of the Audit and Risk Management Committee of the Company. He is best known as former secretary for the Ministry of Energy, Green Technology and Water, Ministry of Plantation Industries and Commodities, Ministry of Housing and Local Government, Ministry of Science, Technology and the Environment and Ministry of Welfare Services respectively. Dates R. Ukrainian and Mr.. Each Take Kiang serve as an Independent Non-Executive Director of 101 Corporation Bertha. Both of them were also involved in the Audit and Risk Management Committee as well as member of the Nominating and Remuneration Committee of the Company. Barbara Corporation Bertha (Bicorn) Barbara Corporation Bertha (commonly known as Bicorn) was founded by Tan Sir Data Series Vincent Tan Cheese Yin in 1984. In the same year, he successfully acquired a major controlling interest in Barbara Industrial Bertha (formerly known as Barbara Swat Bertha and now known as Reek Pacific Bertha). Moreover, Barbara Group Bertha (formerly known as Inter-Pacific Industrial Group Bertha) became a holding company of Reek Pacific Bertha after the company had major restructuring. For information, Inter-Pacific Industrial Group Bertha was incorporated in 1967 as bicycle manufacturer ND the company has successfully listed on Bursa Malaysia in 1969. In addition, Barbara Corporation Bertha acquire listing status on the Main Board of Bursa Malaysia when the company complete its group restructuring exercise in October 2005 and the issues Of new shares on 3rd January 2006. Besides that, the company has successfully diversified its business portfolio. Currently, the company has engaged in many industries such as direct selling and retail, property investment and development, gaming and lottery management, motor trading distribution and food beverage industry. Below is the list of Bicorn and its subsidiaries: industry: Us bestiaries: Year of incorporated: Controlling stake by Holdings Retail Barbara Retail Bertha 8th June 2010 100% Property investment and development (I) Barbara Land Bertha (ii) Barbara Asset Bertha (I) 1990 (ii) 1978 (I) 73. 33% (ii) 76. % Food and beverages Barbara Food Bertha 21 SST October 2009 58. 85% Gaming and lottery management Barbara Sports Toto Bertha 1969 51 . 76% Motor trading and distribution Barbara Auto Bertha 1st April 2008 36. 74% Media Barbara Media Bertha 4 March 2008 72. 09% Financial service Barbara Capital Bertha 1999 92. 4% . Product and services Barbara Corporation Bertha (Bicorn) is a successful conglomerate i n Malaysia. The company has many business portfolios such as direct selling and retail, property investment and development, gaming and lottery management, motor trading distribution and food beverage industry. In the direct selling and retail of Bicorn, the company has introduce a direct marketing or multi level marketing business named Cocoas in 1979. Cocoas is a retail chain which market more than 2000 consumer product specialized in health and nutritional supplements, personal care products, water filtration yeses, cosmetics and fragrances and etc. Besides that, Bicorn also bring in an organic specialty store known as Country Farm Organics (CUFF). The store provides many organic products with a reasonable price to its consumer in Malaysia. In addition, the property investment and development of Bicorn comprise of 2 subsidiaries known as Barbara Land Bertha and Barbara Asset Bertha. Bicorn own a lot of properties in Malaysia such as Barbara Times Square, Plaza Barbara, Barbara Magical, Wigwams Cocoas and etc. As property investment of the company. Furthermore, the company also owns some land for property velveteen purposes such as Meaner Bangkok Bank, Vagina 25, The Peak at Among, KIM Condominium and etc. Moreover, in the food and beverages business portfolio of the company, Bicorn has introduced Struck Coffee, Kenny Rogers Roaster Restaurant, Crispy Creme Donuts, Papa John Pizza restaurant and Wendy fast food restaurant and etc. Furthermore, Sports Toto is the product offered by Bicorn in its gaming and lottery management business. Today, Sports Toto is the largest number forecast operator in Malaysia in terms of number of outlets as well as product offerings. In the motor trading and distribution industry, Bicorn is the official distributor of Mazda vehicle (Bertram Motor Sad Bed), Soda automobiles (Danni Pretests Auto Sad Bed), Change automobiles (Change Barbara Auto Sad Bed), Mercedes Benz automobiles (NASA Automobile Corporation Sad Bed) and Gaston Martin automobiles (Gaston Martin Lagoons (SEA) Pet Ltd). In the Media business portfolio of Bicorn, the company has issue free newspaper known as The Sun to the public. The company plays an important role to promote and improve our countrys English standards and reading culture of Malaysia.