Comprehensive Overview

The Group is a logistics service provider based in Malaysia, with a stable position in Southeast Asia, covering 15 countries, providing (i) container liquid bag solutions and related services; (ii) integrated freight forwarding services; (iii) railway transportation services; and (iv) logistics centers and related services.

According to Frost & Sullivan's report, according to the 2018 Container Owners Association certified the manufacturer to produce container liquid bag meters, the group is the fifth largest global participant in the container liquid bag solutions and related services market, with a market share of 7.1%.

Risk Factors

In order to engage in logistics business in Malaysia, the group is required to obtain multiple registrations, approvals and licenses from the Malaysian Regulatory Authority. If the Group fails to renew or obtain its relevant licences and permits, the Group's business and financial situation may be significantly adversely affected.