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Guan Chong Bhd has received approval from the Securities Commission to list on the main board of Bursa Malaysia.
COCOA-derived food ingredients manufacturer Guan Chong Bhd (GCB) will focus on capacity building, market expansion as well as research and development (RD) to drive its future business growth, chief executive officer Brandon Tay Hoe Lian said.
GUAN Chong Bhd (GCB) chief executive officer Brandon Tay Hoe Lian would probably know almost everything there is to know about cocoa, having been exposed to the cocoa business at a young age.
COCOA-DERIVED food ingredient maker Guan Chong Bhd is targeting to achieve higher revenue of RM394.7mil in its financial year to Dec 31, thanks to improved cocoa powder and value-added product sales.
COCOA-DERIVED food ingredient maker Guan Chong Bhd, en route to a listing on Bursa Malaysia main board on April 8, is to increase its cocoa bean processing capacity, chief executive officer Brandon Tay Hoe Lian said.
IT started as a cocoa beans trader in Parit Jawa, Muar #150; a place famous for its fiery and sourish I>asam pedas/Igravy in Johor - way back in 1980.
GUAN CHONG BHD reported a pre-tax profit of RM16.86mil for the financial year ended Dec 31, 2004, on the back of RM366.422mil in revenue.
GUAN Chong Bhd plans to invest RM10mil in the US and Eastern Europe this year, said managing director Brandon Tay.
Cocoa-derived food ingredient maker Guan Chong Bhd plans to further strengthen its position in the European chocolate market.
PETALING JAYA: Guan Chong Bhd, in a reply to Bursa query on the sharp rise in its share price recently, said it was not aware of any unannounced corporate development, rumour or other reasons that may have contributed to the unusual market activity.