SCGM Bhd.
MMYX:SCGM0.34
MYR
+0.01
(+1.49%)
ISIN
MYL7247OO009
Return %
Stock
S&P 500
1Y
-38.18
14.20
3Y
-38.74
81.12
5Y
-86.61
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Hock Chai Lee
- Sector
- Process industries
- Industry
- Containers/Packaging
- Address
- Kulai Malaysia
- IPO Date
- Jan 31, 2008
- Website
- scgmberhad.com
- Similar Companies
- Business
- SCGM Bhd. is an investment holding company based in Malaysia that historically operated as a leading manufacturer of thermoform plastic packaging products and extruded plastic sheets, and is currently transitioning its operations through strategic corporate regularisation initiatives. Founded in 1984 and headquartered in Kulai, Johor, Malaysia, the company serves clients across domestic and international markets, including Southeast Asia, Oceania, and the Asia-Pacific region. The company provides a comprehensive range of customized and standardized packaging solutions for the food and beverage, electronics, medical, industrial, and agricultural sectors under the Benxon brand. Its core product offerings include thermoformed food and beverage packaging, such as lunch boxes, meal trays, bakery containers, salad bowls, drink cups, lids, and clamshell containers; industrial packaging solutions, including electronic component trays, blister packs, and custom-formed protective inserts; agricultural supplies, comprising nursery trays and seedling pots; extruded plastic sheets formulated from polypropylene, polyethylene terephthalate, high impact polystyrene, and polyvinyl chloride resins; and personal protective equipment, including disposable face masks and protective face shields. In recent major corporate developments, SCGM completed the strategic disposal of its entire equity interest in its principal operating subsidiary, Lee Soon Seng Plastic Industries Sdn. Bhd., to a consortium comprising Mitsui and Co., Ltd. and FP Corporation for a total cash consideration of approximately MYR 544.38 million. Following the completion of the sale and the subsequent distribution of cash proceeds to shareholders via capital reduction and special dividends, the company was designated as a Cash Company under Practice Note 16 of the Bursa Malaysia Main Market Listing Requirements. To establish a new core business and regularize its listing condition, the company initiated strategic corporate proposals to acquire operating entities within the agribusiness and coconut-based food manufacturing industry, expanding into the production, processing, and distribution of coconut-related food and beverage ingredients and agricultural products.