Wellspire Holdings Bhd.
MMYX:WELLS0.55
MYR
+0.01
(+1.85%)
ISIN
MYQ0271OO005
Return %
Stock
S&P 500
1Y
-16.03
14.20
3Y
-16.67
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
- Guo Piao Mo
- Sector
- Distribution services
- Industry
- Food distributors
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Jan 16, 2023
- Website
- wellspireholdings.com
- Similar Companies
- Business
- Wellspire Holdings Berhad is an investment holding company that distributes, imports, exports, and retails consumer-packaged snack foods across Southeast Asia, with primary operations in Thailand and Malaysia. The company operates through two core business segments: Distribution of Consumer-Packaged Foods and Online Retail. Its product portfolio comprises roasted sunflower seeds, pumpkin seeds, watermelon seeds, and assorted nut products; baked goods and confectionery, including chocolate-coated cakes, sweet rolls, and wafers; extruded and seasoned snacks, including konjac snacks and seasoned flour products; and dried fruits and traditional snacks. Wellspire markets these products under licensed international brands—serving as the exclusive master distributor for the ChaCha snack brand in Thailand—as well as third-party partner brands including Cundo and Weilong, and its proprietary label Miyu. The company distributes its goods through an extensive omnichannel network encompassing traditional wholesale channels, modern retail chains such as convenience stores, hypermarkets, and supermarkets (including 7-Eleven, Big C, Makro, and Lotus's), and direct-to-consumer e-commerce channels. In recent developments, Wellspire completed its initial public offering on the ACE Market of Bursa Malaysia in January 2023 to finance logistics infrastructure expansion in Thailand. The company has actively expanded its regional footprint by securing exclusive distribution rights for China-based Cundo Food Co., Ltd.'s chocolate bakery products across Malaysia, Singapore, and Thailand, while broadening its agency portfolio with distribution agreements for Weilong snack products. Furthermore, the group has allocated capital toward modernizing and expanding its central warehousing, dry storage, and cold chain distribution center in Pathum Thani, Thailand. Incorporated in 2021 with operational roots dating back to 2013, Wellspire Holdings Berhad is headquartered in Kuala Lumpur, Malaysia, and operates primarily through subsidiaries including Bai Li Enterprise Co., Ltd., Keymall Retail Co., Ltd., and Wellspire Global Trading Sdn. Bhd.