Hap Seng Consolidated Berhad (3034) Stock Overview

Hap Seng Consolidated Berhad, an investment holding company, engages in the plantation, property investment and development, credit financing, automotive, trading, and building materials businesses in Malaysia and internationally. The company cultivates oil palm, and harvests and processes fresh fruit bunches into crude palm oil. It holds and develops residential, commercial, and industrial properties; and offers financial services, including hire purchase, leasing, and term loan for small and medium enterprises. The company operates as a dealer for Mercedes-Benz vehicles that include logging and general-purpose trucks, buses, and passenger vehicles, as well as spare parts; supplies various fertilizers comprising muriate of potash, ammonium sulphate, kieserite, rock phosphate, and other NPK fertilizers; trades in building materials, such as steel bars, cement, tiles, iron and metal, building chemicals, interior fittings, plywood, sanitary ware, and petroleum products, as well as ceramic tiles, stones, mosaic, and wood flooring products. It produces and sells quarry and asphalt products for infrastructure and construction industry; clay bricks, facing and double bricks, and clay pavers; and agro-chemicals. The company provides repairing, painting and servicing of motor vehicles; management and maintenance services, construction, treasury management functions, and recreational facilities services; leases vehicles; trades in marketable securities; operates hotels and resort; and deals in stone and wood for home furnishing. It engages in investment in retail mall and car park, intellectual property holding and management; storage and warehousing of furniture and related products; and grocery stores, and food and beverage businesses. The company was formerly known as The East Asiatic Company (Malaysia) Berhad. The company was incorporated in 1976 and is based in Kuala Lumpur, Malaysia. Hap Seng Consolidated Berhad is a subsidiary of Gek Poh (Holdings) Sdn Bhd.