- Business
- DXN Holdings Bhd. (5318.KL) is an investment holding company engaged in the cultivation, manufacturing, marketing, and direct selling of health-oriented and wellness consumer products worldwide. The company offers a comprehensive portfolio of core products, including fortified food and beverages such as Ganoderma-based coffee, tea, cordyceps cereals, spirulina cereals, and non-alcoholic drinks; health and dietary supplements featuring Ganoderma (Lingzhi), traditional medicines, and natural foods; personal care and cosmetics encompassing skin care, household products, and water treatment systems; as well as other related items like biodiesel, confectionery, biscuits, and instant coffee. DXN operates through vertically integrated facilities, including seven cultivation sites and 13 manufacturing plants across Malaysia, China, India, Indonesia, Dubai, Mexico, Nepal, and Bangladesh, serving over 20 million registered distributors in more than 180 countries spanning Latin America, Asia, North America, Africa, Europe, the Middle East, and Oceania. Founded in 1993 by Datuk Lim Siow Jin and headquartered in Alor Setar, Malaysia, the company is a subsidiary of LSJ Global Sdn. Bhd. and maintains diversified operations in property development, information technology consulting, agro farming, tourism (including cafes, glamping resorts, and marine sanctuaries), and research in biotechnology and ganotherapy. In recent developments, DXN has pursued aggressive global expansion, investing RM119.2 million in fiscal year 2024 (ended February 2024) for new manufacturing facilities in China, India, Dubai, Mexico, and Peru, with additional plants in Nepal and Bangladesh slated for commercial production by late 2024; the company plans over RM125 million in capital expenditures for 2025 to support entry into markets like Brazil, Argentina, Chile, Zambia, and Ghana. Further strengthening its Middle East presence, a wholly-owned subsidiary acquired a residential apartment in Dubai's Burj Khalifa for AED6.4 million (RM7.4 million) in September 2025 and opened a new member hub in Dubai; these initiatives, alongside robust financials including record FY2025 revenue of RM1.9 billion and net cash positions exceeding borrowings, underscore DXN's focus on production capacity enhancement and high-growth regions.