Asdion Bhd.
MMYX:ASDION0.01
MYR
0.00
(0.00%)
ISIN
MYQ0068OO005
Return %
Stock
S&P 500
1Y
-80.00
14.20
3Y
-93.75
81.12
5Y
-97.78
68.34
Capital Structure
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- Sector
- Transportation
- Industry
- Air freight/Couriers
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Dec 23, 2004
- Website
- asdiongroup.com
- Similar Companies
- Business
- Asdion Berhad is a Malaysia-based investment holding company engaged in the provision of information technology solutions, port terminal and stevedoring services, logistics management, and commodities trading. The company structures its operations into distinct business segments: Information Technology, Logistics and Stevedoring Services, and Commodity Trading and Property. Its core products and services encompass integrated logistics management software, including freight forwarding, warehousing, and transport management systems; enterprise resource planning (ERP) and point-of-sale (POS) applications tailored for retail and hospitality sectors; customized software development, system maintenance, and IT infrastructure consultancy; marine stevedoring, dry bulk cargo handling, and port terminal management services; vessel chartering and freight brokerage; and the sourcing, trading, and distribution of industrial minerals and commodities. In recent years, Asdion Berhad has undergone substantial corporate and operational transformations aimed at strengthening its financial standing and regularizing its Guidance Note 3 (GN3) condition under Bursa Malaysia listing requirements. The company has implemented comprehensive regularization and capital management initiatives, including share capital reductions, debt capitalization and settlement agreements with creditors, private placements, and rights issue exercises. Operationally, Asdion has strategically realigned its core business model by expanding its port stevedoring, marine logistics, and bulk cargo handling contracts—notably in strategic maritime hubs such as Tanjung Bruas Port—while streamlining its legacy information technology operations. In conjunction with these strategic shifts, the company has revamped its board of directors and senior management structure and expanded its strategic commercial alliances to drive sustainable revenue growth. Founded in 2002 and listed on the ACE Market of Bursa Malaysia, Asdion Berhad is headquartered in Petaling Jaya, Selangor, Malaysia, and primarily serves commercial enterprises across the logistics, maritime transport, retail, and industrial sectors throughout Malaysia and Southeast Asia.