Business Milestones
Foreign investment
In April 2010, QL received approval from relevant authorities in Indonesia for the incorporation of an 80% subsidiary known as PT QL Trimitra.
Foreign Investment
In May 2010, QL received approval from relevant authorities in Indonesia for the incorporation of an 100% subsidiary known as PT QL Agrofood.
Acquisition
In June 2010, QL’s subsidiary PT QL Trimitra entered into a Sales and Purchase Agreement to acquire the assets from CV Trimitra Group and drh Cecep Mochamad.
Acquisition
In August 2010, QL acquired 23.29% equity interest in Lay Hong Bhd. Lay Hong is listed in the Main Market of Bursa Malaysia and is one of the leading poultry player in Malaysia.
Acquisition
In October 2010, QL acquired 40.51% equity interest in Boilermech Sdn Bhd. Boilermech was listed in the ACE Market of Bursa Malaysia on 5 May 2011. This investment complements QL’s strategy to expand its value chain in biomass renewable energy.
Private placement No. 2, Share Split No.2, Free Warrant No.1.
In February 2011, QL completed the followings:
- Private placement of 20,827,920 shares;
- Share split of every one existing ordinary shares of RM0.50 sen each held into 2 ordinary shares of RM0.25 sen each;
- Issuance of 41,600,000 free warrants and;
- Increase in Authorised share capital from RM200 million to RM500 million.
Recognition
In July 2011, QL was awarded The Edge Billion Ringgit Club 2011 Company of the year, beating 184 other companies eligible for this award. Winning it was a moment of real pride. It was a milestone, and one of the greatest achievements in the Group’s history.
Acquisition
In March 2012, QL acquired the entire issued and paid-up capital of QL Aquamarine (formerly MSLP Jasa Sdn Bhd.)
Recognition
In June 2012, QL was awarded the Green Leadership Award 2012 by the Asia Responsible Entrepreneurship Awards.
In July 2012, Dr. Chia Song Kun was bestowed with the Malaysian Ernst & Young Entrepreneur of the Year 2012. This award recognises outstanding entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance and personal commitment to their business and communities.
Acquisition
In March 2013, QL acquired the entire issued and paid-up capital of Zhongsan True Taste Food (China).
Organic Expansion
In January 2013, QL Aquamarine started prawn farm development in Kudat, Sabah.
Acquisition
In December 2013, QL acquired the entire issued and paid-up capital of Kuala Kedah Fishmeal.
Organic Expansion
In December 2013, PT QL Agrofood started civil work on its 1st feedmill project in Bekasi, Indonesia.
Bonus Issue No.7 and Rights Issue No.1
In February 2014, QL completed its sixth bonus issue of 249.6 million new ordinary shares of 25sen each, on the basis of 3 new shares for every 10 existing shares.
In March 2014, QL completed a rights issue of 166.4 million shares of 25sen each at an issue price of RM1.80 per share, on the basis of 2 rights for every 10 shares held.
Organic Expansion
In June 2014, QL Figo Foods purchased a piece of land in Kulai Jaya, Johor together with a 2-storey detached office building, 8 blocks of single detached factory buildings (5.59 hectares in total).
Organic Expansion
In June 2014, QL Aquamarine had its 1st partial harvest of prawn.
Organic Expansion
In December 2014, QL signed an S&P to acquire land for prawn farming in Kota Belud, Sabah.
Organic Expansion
In January 2015, QL acquired 45% equity interest in Kembang Subur Sdn Bhd and subsequently increased the stake to 63% in February 2015. Kembang Subur is involved in prawn farming & hatcheries activities.
Recognitions
In October 2015, QL was selected as the ASEAN Winner for the 6th ASEAN Business Awards 2015 under the category of Priority Integration Sector (PIS) – Fisheries. The selection process was rigorously carried out involving carefully selected judges from each country. The PIS awards were given out during the opening ceremony of ASEAN Business and Investment Summit (ABIS).
In November 2015, in The EDGE BILLION RINGGIT Club 2015 corporate awards, QL was selected as Best Performing Stock under Consumer Products Sector for highest return to shareholders over three years.
Acquisition
Our subsidiary Kembang Subur had on 19 January 2016 acquired 100% equity in Cargill Agriculture Resources Sdn Bhd (Now known as KS Pekan Hatchery Sdn Bhd) for RM1.3 million.
KS Pekan Hatchery is involved in the business of prawn breeding and prawn hatchery.
Downstream Expansion
Investment in FamilyMart Convenience Stores
The signing of master franchise agreement with FamilyMart in April 2016 is QL’s strategic plan to expand into convenience-store chain. This plan is part of our strategic growth theme through downstream expansion of our existing food manufacturing and distribution businesses that creates synergistic effect.
After many months of hard work and planning, our first pilot FamilyMart store opened on 11 November 2016. The response and feedback from the public was overwhelming and better than expectation. Official launching of FamilyMart store was held at Mid Valley Megamall on 2 December 2016.
Bonus Issue No.8 and special dividend No.1
Kicking off our 30th Anniversary celebration since formation, QL announced a special once-off 3.0 sen interim dividend and 30% bonus issue as tokens of appreciation and to reward our loyal shareholders who have supported us through the years. The bonus issue was subsequently completed on 13 September 2017.
Convenience Store Chain (FamilyMart)
As part of QL’s outlined strategy to grow downstream via long-term scalable businesses, QL is also the master franchisee of the FamilyMart convenience store chain in Malaysia.
FY2018 marks a full year of FamilyMart in operations in Malaysia and it had been a speedy rise for this brand from Japan. By adopting the concept of konbini and providing convenience in particular with ready-to-eat food, FamilyMart created waves wherever it opened.
Standing at 39 stores dotted across the Klang Valley as at 31 March 2018, QL’s rate of opening new FamilyMart stores has outpaced the target of 30 stores by the same time. As at 7 July 2018, there were a total of 50 FamilyMart stores in Malaysia.
FamilyMart is striving to uphold its individuality that has set it apart from competitors. Aware of intense scrutiny and competition, QL is relentless in our drive to identify new locations and widen the network to live up to the FamilyMart concept.
On 14 November 2018, QL was included in the MSCI Global Index as part of MSCI’s November 2018 semi-annual index review. The MSCI indices typically serve as bases in exchange traded funds when choosing which markets and stocks to invest. Stocks are typically selected based on market capitalization and liquidity levels.
In September 2019, Dr. Chia Song Kun was recognised as Outstanding CEO & Value Creator by The Edge Billion Ringgit Club 2019.
<– The section below is for Mobile only. It uses toggle instead of accordion. Update both. –>
Foreign investment
In April 2010, QL received approval from relevant authorities in Indonesia for the incorporation of an 80% subsidiary known as PT QL Trimitra.
Foreign Investment
In May 2010, QL received approval from relevant authorities in Indonesia for the incorporation of an 100% subsidiary known as PT QL Agrofood.
Acquisition
In June 2010, QL’s subsidiary PT QL Trimitra entered into a Sales and Purchase Agreement to acquire the assets from CV Trimitra Group and drh Cecep Mochamad.
Acquisition
In August 2010, QL acquired 23.29% equity interest in Lay Hong Bhd. Lay Hong is listed in the Main Market of Bursa Malaysia and is one of the leading poultry player in Malaysia.
Acquisition
In October 2010, QL acquired 40.51% equity interest in Boilermech Sdn Bhd. Boilermech was listed in the ACE Market of Bursa Malaysia on 5 May 2011. This investment complements QL’s strategy to expand its value chain in biomass renewable energy.
Private placement No. 2, Share Split No.2, Free Warrant No.1.
In February 2011, QL completed the followings:
- Private placement of 20,827,920 shares;
- Share split of every one existing ordinary shares of RM0.50 sen each held into 2 ordinary shares of RM0.25 sen each;
- Issuance of 41,600,000 free warrants and;
- Increase in Authorised share capital from RM200 million to RM500 million.
Recognition
In July 2011, QL was awarded The Edge Billion Ringgit Club 2011 Company of the year, beating 184 other companies eligible for this award. Winning it was a moment of real pride. It was a milestone, and one of the greatest achievements in the Group’s history.
Acquisition
In March 2012, QL acquired the entire issued and paid-up capital of QL Aquamarine (formerly MSLP Jasa Sdn Bhd.)
Recognition
In June 2012, QL was awarded the Green Leadership Award 2012 by the Asia Responsible Entrepreneurship Awards.
In July 2012, Dr. Chia Song Kun was bestowed with the Malaysian Ernst & Young Entrepreneur of the Year 2012. This award recognises outstanding entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance and personal commitment to their business and communities.
Acquisition
In March 2013, QL acquired the entire issued and paid-up capital of Zhongsan True Taste Food (China).
Organic Expansion
In January 2013, QL Aquamarine started prawn farm development in Kudat, Sabah.
Acquisition
In December 2013, QL acquired the entire issued and paid-up capital of Kuala Kedah Fishmeal.
Organic Expansion
In December 2013, PT QL Agrofood started civil work on its 1st feedmill project in Bekasi, Indonesia.
Bonus Issue No.7 and Rights Issue No.1
In February 2014, QL completed its sixth bonus issue of 249.6 million new ordinary shares of 25sen each, on the basis of 3 new shares for every 10 existing shares.
In March 2014, QL completed a rights issue of 166.4 million shares of 25sen each at an issue price of RM1.80 per share, on the basis of 2 rights for every 10 shares held.
Organic Expansion
In June 2014, QL Figo Foods purchased a piece of land in Kulai Jaya, Johor together with a 2-storey detached office building, 8 blocks of single detached factory buildings (5.59 hectares in total).
Organic Expansion
In June 2014, QL Aquamarine had its 1st partial harvest of prawn.
Organic Expansion
In December 2014, QL signed an S&P to acquire land for prawn farming in Kota Belud, Sabah.
Organic Expansion
In January 2015, QL acquired 45% equity interest in Kembang Subur Sdn Bhd and subsequently increased the stake to 63% in February 2015. Kembang Subur is involved in prawn farming & hatcheries activities.
Recognitions
In October 2015, QL was selected as the ASEAN Winner for the 6th ASEAN Business Awards 2015 under the category of Priority Integration Sector (PIS) – Fisheries. The selection process was rigorously carried out involving carefully selected judges from each country. The PIS awards were given out during the opening ceremony of ASEAN Business and Investment Summit (ABIS).
In November 2015, in The EDGE BILLION RINGGIT Club 2015 corporate awards, QL was selected as Best Performing Stock under Consumer Products Sector for highest return to shareholders over three years.
Acquisition
Our subsidiary Kembang Subur had on 19 January 2016 acquired 100% equity in Cargill Agriculture Resources Sdn Bhd (Now known as KS Pekan Hatchery Sdn Bhd) for RM1.3 million.
KS Pekan Hatchery is involved in the business of prawn breeding and prawn hatchery.
Downstream Expansion
Investment in FamilyMart Convenience Stores
The signing of master franchise agreement with FamilyMart in April 2016 is QL’s strategic plan to expand into convenience-store chain. This plan is part of our strategic growth theme through downstream expansion of our existing food manufacturing and distribution businesses that creates synergistic effect.
After many months of hard work and planning, our first pilot FamilyMart store opened on 11 November 2016. The response and feedback from the public was overwhelming and better than expectation. Official launching of FamilyMart store was held at Mid Valley Megamall on 2 December 2016.
Bonus Issue No.8 and special dividend No.1
Kicking off our 30th Anniversary celebration since formation, QL announced a special once-off 3.0 sen interim dividend and 30% bonus issue as tokens of appreciation and to reward our loyal shareholders who have supported us through the years. The bonus issue was subsequently completed on 13 September 2017.
Convenience Store Chain (FamilyMart)
As part of QL’s outlined strategy to grow downstream via long-term scalable businesses, QL is also the master franchisee of the FamilyMart convenience store chain in Malaysia.
FY2018 marks a full year of FamilyMart in operations in Malaysia and it had been a speedy rise for this brand from Japan. By adopting the concept of konbini and providing convenience in particular with ready-to-eat food, FamilyMart created waves wherever it opened.
Standing at 39 stores dotted across the Klang Valley as at 31 March 2018, QL’s rate of opening new FamilyMart stores has outpaced the target of 30 stores by the same time. As at 7 July 2018, there were a total of 50 FamilyMart stores in Malaysia.
FamilyMart is striving to uphold its individuality that has set it apart from competitors. Aware of intense scrutiny and competition, QL is relentless in our drive to identify new locations and widen the network to live up to the FamilyMart concept.
On 14 November 2018, QL was included in the MSCI Global Index as part of MSCI’s November 2018 semi-annual index review. The MSCI indices typically serve as bases in exchange traded funds when choosing which markets and stocks to invest. Stocks are typically selected based on market capitalization and liquidity levels.
In September 2019, Dr. Chia Song Kun was recognised as Outstanding CEO & Value Creator by The Edge Billion Ringgit Club 2019.