Latest news with #SaliranGroupBhd
New Straits Times
17-07-2025
- Business
- New Straits Times
Saliran names CFO Yong Wai Kin as executive director
KUALA LUMPUR: Saliran Group Bhd has appointed its chief financial officer (CFO) Yong Wai Kin as executive director effective today. The company said the appointment reflects the board's confidence in Yong's leadership and expertise as Saliran continues to advance its growth trajectory post-initial public offering (IPO). Yong has served as Saliran's CFO since May 2022 and brings over 30 years of experience in finance, audit, and corporate management across industries including manufacturing, automotive, media and palm oil. Since joining Saliran, he has overseen the company's financial management and contributed to its listing on the ACE Market of Bursa Malaysia in 2025. Prior to joining Saliran, Yong held senior leadership positions including executive director and CFO of Mann Seng Metal International Ltd, where he facilitated its IPO on the Singapore Exchange in May 2010. He also previously served as CFO of Econframe Bhd, overseeing its financial and corporate affairs and played a key role in its public listing in October 2020. Yong said it has been rewarding to support Saliran's financial management and contribute to its successful listing on the ACE Market since joining the company. Saliran was listed on the ACE Market of Bursa Malaysia on March 13. Its market capitalisation stands at RM78.5 million.
New Straits Times
19-06-2025
- Business
- New Straits Times
Saliran to ride on listing momentum, expand footprint in Asean
KUALA LUMPUR: Saliran Group Bhd will continue to build upon its recent listing momentum by expanding its operational footprint particularly in Southeast Asia. Saliran also plans to enhance its delivery and manufacturing capabilities under the "THF" co-owned brand. The THF brand is jointly owned by Saliran and Tae Heung Forging Co Ltd, with each partner contributing to its success. Saliran held its first annual general M meeting (AGM) today, where all 11 ordinary resolutions tabled were approved by shareholders. Key resolutions included the adoption of the Audited Financial Statements for the financial year ended Dec 31, 2024, and the approval of directors' fees and benefits for the financial years ending 2025 and 2026. The shareholders also approved the re-election of all six retiring directors and the re-appointment of Messrs. Kreston John & Gan as the company's external auditors. Another key resolution passed was the authority granted to the board of directors to issue and allot new shares pursuant to Sections 75 and 76 of the Companies Act 2016, providing the company with flexibility for potential fundraising exercises to support future growth initiatives. "We are grateful to our shareholders for their continued trust and support during this important chapter of our corporate journey. "The strong mandate given today reflects confidence in our long-term strategy," Saliran managing director Liaw Choon Wei said. "With the completion of our initial public offering (IPO) and listing in March 2025, and now the successful conclusion of our first AGM, we are more committed than ever to driving sustainable growth and value creation across our markets," he added.
New Straits Times
27-05-2025
- Business
- New Straits Times
Saliran records RM2.6mil profit on RM95mil revenue in Q1
KUALA LUMPUR: Saliran Group Bhd reported a revenue of RM95 million and a net profit of RM2.6 million for the first quarter ended March 31, 2025 (1Q25). There are no comparative year-on-year figures as Saliran was only listed on the ACE Market of Bursa Malaysia in March this year. The company said the strong performance was mainly driven by contributions from its core supply and distribution segment, which accounted for RM93.9 million or 98.8 per cent of total revenue. The balance of RM1.1 million was generated from the manufacturing segment. Malaysia remained the largest revenue contributor, accounting for RM68.8 million or 72.5 per cent of total sales for the quarter. Profitability wise, Saliran recorded a pre-tax profit of RM4.4 million. Excluding one-off listing expenses of RM0.7 million incurred during the quarter, the normalised pre-tax profit would have amounted to RM5.1 million. Its basic earnings per share stood at 0.69 sen based on the enlarged issued share capital of 382.9 million shares. On a quarter-on-quarter (QoQ) basis, Saliran's revenue decreased slightly as compared to RM95.6 million in the preceding quarter (4Q24). Saliran managing director Liaw Choon Wei is pleased with the financial performance in its first reporting quarter as a listed entity. He said this was a reflection of the resilience of Saliran's business model. "With the support of our co-owned brand THF, we will continue strengthening our market positioning, improving delivery capabilities, and capturing further growth in high-potential markets like Indonesia. "Looking ahead, we remain cautiously optimistic. Saliran is executing its post-initial public offering (IPO) expansion plans, including the establishment of a sales office in Indonesia and the acquisition of new machinery and delivery trucks. As at March 31, 2025, the company utilised RM5.2 million out of the RM21.7 million raised from its IPO.
