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 Dato’ 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 RM4.5 billion (USD1.3 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 5
th 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 :
- 40.1% of AMMB Holdings Berhad (AmBank Group)
- 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
- Len Brothers Rubber Products Industries Berhad – manufacturing
- 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
|