Overview & History
Corporate Video

Company Overview

Amcorp Group Berhad

("Amcorp") is an investment holding company which is a wholly-owned subsidiary of Clear Goal Sdn Bhd, a private company controlled by Tan Sri Azman Hashim. Our subsidiaries and associated companies are principally involved in the business of financial services, property development, property management, engineering, information technology, and consumer goods & services. To-date, Amcorp has total assets exceeding RM5.7 billion (USD1.8 billion). Please refer to Business Activities for further information.

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 Estates Limited. After our listing on the Kuala Lumpur Stock Exchange in 1961, Amcorp diversified into oil palm and cocoa plantation. In 1992, after disposing a substantial portion of its plantation activities, Amcorp acquired a 40% stake in

AMMB Holdings Bhd

(“AmBank Group”) and a 30% stake in

Amcorp Properties Berhad

(“AMPROP”), then known as Arab-Malaysian Development Berhad, transforming itself into a financial services and property development company.

Amcorp was privatized in November 2006. In 2008, AmBank Group completed the formation of a strategic alliance with Australia and New Zealand Bank, which is among the top 50 banks in the world. It is now the 5th largest local banking group in Malaysia.

Similar to the Company, Amcorp’s logo has gone through numerous changes since the Company’s inception in 1910. The following are Amcorp’s previous logos:

   

The current Amcorp logo is created in 2010 in conjunction with Amcorp’s 100 years celebration. The design and colour of the new logo symbolizes our commitment to continuously reinvent ourselves to achieve even greater successes as Amcorp journeys on into its next Century


Milestone
1910
Started as Temerloh Rubber and Coconut Estate Limited (TRE)
1961
TRE was listed on Kuala Lumpur Stock Exchange (KLSE, now known as Bursa Malaysia)
Diversified into oil palm and cocoa
1966
Changed name to Temerloh Rubber Estates Berhad
1988
Tan Sri Dato’ Azman Hashim acquired a controlling stake in TRE
1989
TRE diversified into metal perforation, sawmilling, advertising, waste disposal and rubber footware manufacturing
1992
Transformed into a financial services and property development company with acquisition of :
  1. 40.1% of AMMB Holdings Berhad (AmBank Group)
  2. 30% of Arab-Malaysian Development Berhad (AMDB)
Changed name into Arab-Malaysian Corporation Berhad
Started Fulcrum Capital Sdn Bhd – financial services
Started Distrepark Sdn Bhd – warehousing services
Increased paid-up capital from RM50mil to RM209mil
1993
Secured RM210mil Transferable Revolving Underwritten Notes Issuance Facility (TRUNIF)
1994
Moved headquarters to own building in Jalan Chan Sow Lin
Arab-Malaysian Bank was launched, taking over Security Pacific Bank Ltd
Amcorp’s investments were listed on KLSE
  1. Len Brothers Rubber Products Industries Berhad – manufacturing
  2. Rediffusion Berhad – media
Acquired 66% of Syarikat Sin Kwang Plastic Industries Sdn Bhd – plastic manufacturing
AMDB launched Sebana Resort – a 1,200 acres development in Johor
Acquired Melawangi Sdn Bhd to develop Amcorp Trade Centre in Petaling Jaya
1995
Amcorp’s subsidiary, South Peninsular Industries Berhad was listed on KLSE
Secured development / construction contract in Sibu worth RM300mil
Acquired Kayangan Heights, a bungalow development in Shah Alam
1997
Opened Amcorp Trade Centre
1998
Disposed Temerloh Estates
2001
Share capital increased to RM1bil
Issued RM343mil 1% Redeemable Convertible Secured Loan Stocks (RCSLS)
2002
Amcorp’s subsidiary, MCM Technologies Berhad was listed on KLSE
SKP Resources Berhad (Syarikat Sin Kwang Plastic) was listed on KLSE
2003
Fully redeemed the RCSLS
Transformed Rediffusion Berhad into a Financial Services group, with the acquisition of RCE Marketing Sdn Bhd
Renamed Rediffusion Berhad to RCE Capital Berhad
2004
Transformed South Peninsular Industries Berhad, a manufacturing company into ECM Libra Financial Group Berhad, a stockbroking & investment banking group
2005
Issued USD120mil exchangeable bonds
Moved headquarters to Amcorp Trade Centre
2006
Amcorp was privatized
2007
AmBank Group formed a strategic alliance with ANZ Limited
AmBank Group grew to become the 5th largest financial services group in Malaysia by total assets and net lending
Amcorp Trade Centre celebrated its 10th anniversary
2009
Increased stake in AMDB to 72%
Restructured AMDB to focus on property and engineering
2010
Amcorp’s 100th year anniversary
AMDB Berhad renamed as Amcorp Properties Berhad
2011
Secured inaugural dealership with Volkswagen Group Malaysia and opened Volkswagen 3S (Sales, Service and Spare Parts) Centre in Jalan Ipoh
Awarded the Association of Certified Chartered Accountants (“ACCA”) Approved Employer-Professional Development Award and the ACCA Approved Employer-Trainee Development, Platinum Level Award
Sponsored 30 staff to pursue the City & Guilds Diploma in Business Programme with Universiti Tunku Abdul Rahman
Launched Amcorp Study Grant (“ASG”) comprising RM50k grant and RM20k loan. ASG is administered by Yayasan Azman Hashim, a non profit charitable institution, providing assistance to outstanding students to pursue an ACCA qualification
Completed Conditional Voluntary Take-Over Offer of MCM Technologies Berhad (“MCMT”), which led to the successful delisting of MCMT from the official listing of Bursa Malaysia and the strategic merging of MCMT into Amcorp Group
2012
AMMB Holdings Berhad acquired MBF Cards (M’sia) Sdn Bhd for RM623.4 million after approvals by Bank Negara Malaysia. The businesses acquired included MBF’s Cards’ card issuing and merchant acquiring businesses under Visa, MasterCard, Japan Credit Bureau and China Union Pay licenses and bill payments and MBF Cards’ ownership of 33.33% in Bonuskad Loyalty Sdn Bhd.
Amcorp Perting Hydro Sdn Bhd wins the prestigious ASEAN Renewable Energy Award under the “On-Grid” category for its submission of the 4MW Sungai Perting Mini Hydro Power Station located in Bentong, Pahang. The award was presented by the ASEAN Centre for Energy at the 30th ASEAN Ministers of Energy Meeting held in Phnom Penh, Cambodia.
Wilson Tan Wei Shen was selected as the 2nd Amcorp Study Grant (“ASG”) recipient after Tay Chia Chang in 2011, under the ASG program which is a collaborative effort between Amcorp Group and Yayasan Azman Hashim, to sponsor selected high achieving students to pursue the Association of Chartered Certified Accounts (“ACCA”) qualifications locally.
AMMB Holding Berhad, via AmG Insurance Berhad (“AmG”), acquired 100% equity interest in Kurnia Insurance (Malaysia) Berhad for RM1.627 billion, making AmG the leading general insurer and number one motor insurer in Malaysia.
Amcorp Properties Berhad acquired partial ownership of a freehold and income producing property at 29–30 Old Burlington Street in East Mayfair, central London for GBP23.25 million (RM113.13 million), with the interest to convert the 10 storey commercial office building into a prime residential development.
Tan Sri Azman Hashim, Executive Chairman of Amcorp Group Berhad was honoured as Outstanding CEO by The Edge Billion Ringgit Club for his leadership in taking his companies beyond the RM1 billion market capitalization mark.
Amcorp Properties Berhad acquired partial ownership of Pavillion D of NEO Bankside, an award winning prime residential development located in South Bank, central London for GBP16.5 million (RM80.02 million). The acquisition comprises 53 residential units, 1 retail unit and 4 car park spaces and is acquired for investment and trading purposes.
Harpers Travel (M) Sdn Bhd was awarded the Malaysia Airlines Diamond Award 2011 for outstanding sales achievement.