Well Chip Group Bhd.
MMYX:WELLCHIP1.07
MYR
0.00
(0.00%)
ISIN
MYL5325OO005
Return %
Stock
S&P 500
1Y
-33.25
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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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
- Hooi Lang Ng
- Full Time Employees
- 100
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- Johor Bahru Malaysia
- IPO Date
- Jul 23, 2024
- Similar Companies
- Business
- Well Chip Group Berhad is a Malaysia-based investment holding company primarily engaged in the provision of pawnbroking services and the retail and trading of gold and jewellery. Tracing its operational origins to 2007 and headquartered in Johor Bahru, Johor, Malaysia, the company operates across two principal business segments: Pawnbroking Services, and Retail and Trading of Jewellery and Gold. Well Chip Group provides short-term asset-backed liquidity solutions and consumer retail merchandise, serving individuals, retail consumers, underbanked populations, and small and medium-sized enterprises across Peninsular Malaysia. The company offers a comprehensive portfolio of financial and retail solutions, including short-term collateralised pawn loans secured against physical pledges of yellow gold, white gold, gold bars, precious stones, and luxury timepieces; loan extension, renewal, and pledge redemption services; professional appraisal, valuation, and authentication of precious metals and gemstones; retail sales of new, bespoke, and pre-owned gold jewellery, luxury watches, and accessories; trading and monetization of scrap gold and unredeemed pledged assets; and remote customer support facilities, including digital pawn ticket tracking, online pawn loan interest calculation, and electronic renewal administration. The group executes its commercial activities through operating subsidiaries, including Kedai Pajak Well Chip Sdn. Bhd. and Kedai Emas Well Chip Sdn. Bhd., while utilizing automated pawnbroking management systems to ensure standardized collateral evaluation, security monitoring, and regulatory compliance. In recent developments, Well Chip Group Berhad completed its initial public offering and successfully listed on the Main Market of Bursa Malaysia in July 2024, raising approximately 172.5 million Malaysian ringgit to finance branch network expansion and increase cash capital reserves for pledge disbursement. Supported by its strategic association with Singapore-listed ValueMax Group Limited as a substantial shareholder, the company has actively broadened its operational footprint beyond its traditional stronghold in Johor into Melaka and neighboring regions. The group has advanced its multi-state expansion through organic pawnshop openings, targeted acquisitions of licensed pawnbroking businesses, and securing regulatory approvals from Malaysia's Ministry of Housing and Local Government to systematically increase its network of operational pawnshops and retail outlets.