Overview

AmcorpGroup Berhad ("Amcorp") is an investment holding company which was privatised and delisted from Bursa Malaysia in December 2006. Its subsidiaries and associated companies are principally involved in the provision of financial services, property development and construction, and information technology.

Amcorp's financial services are mainly undertaken through its associated companies, AMMB Holdings Berhad ("AHB") Group and RCE Capital Berhad (“RCE”). Amcorp is the largest shareholder of the AHB Group, which is the fifth largest domestic integrated financial services group in Malaysia, in terms of assets.

RCE's main group of subsidiary companies is RCE Marketing Sdn Bhd ("RCEM") Group. RCEM has an arrangement with a few cooperatives to provide personal financing to their members who are government servants. The mode of payment under these schemes is through direct deduction from the monthly salaries of the participating members.

Amcorp's property services are undertaken by its subsidiaries, namely, Melawangi Sdn Bhd, Amcorp Prima Realty Sdn Bhd, Distrepark Sdn Bhd, Regal Genius Sdn Bhd and HDC-Amcorp JV Sdn Bhd. In addition, its subsidiary, AMDB Berhad ("AMDB"), is also involved in property development. Amcorp's information technology services are undertaken by its subsidiary, MCM Technologies Berhad ("MCMTech"), a company listed on the MESDAQ of Bursa Malaysia.

History

Amcorp was incorporated in Malaysia on 26 April 1910 under the Companies Ordinance 1889 as a limited company under the name of The Temerloh Rubber Estate Limited. It changed its name to The Temerloh Rubber Estate Berhad on 15 April 1966. On 19 May 1992, it changed its name to Arab-Malaysian Corporation Berhad. Amcorp adopted its present name on 10 October 2005. Amcorp, under the name of The Temerloh Rubber Estate Limited, was listed on Bursa Malaysia on 22 March 1961. In December 2006, Amcorp was privatised and delisted from Bursa Malaysia.

Amcorp originally commenced business in 1910 with the cultivation of rubber and diversified into oil palm cultivation in 1963. In May 1992, Amcorp disposed of a substantial portion of its plantation activities. In June 1992, Amcorp acquired its first stake of 40.1 per cent. equity interest in AHB and 30.0 per cent. equity interest in AMDB.