Agx Group Berhad (Malaysia)

The Company was incorporated on 26 November 2019.
The Company is a public limited liability company, incorporated and domiciled in Malaysia.
The Company s principal activity is holding companies.
2004 - 2005 : AGX Malaysia(1) was incorporated in Malaysia in 2004 and commenced business in 2005 providing logistics services. Our initial head office was located in Subang Jaya, Selangor.
2009 : JPS Resources Sdn Bhd conducted a management buyout by acquiring the remaining 51.00 equity interest in AGX Malaysia from AGI Logistics (S) Pte Ltd.
2011 : The company started providing warehousing and other 3PL services, and road freight transportation services in Malaysia through AGX Malaysia. The company commenced operations at our Changi Airport Warehouse in Singapore, which the company continue to operate as at the LPD. This was our first warehouse in Singapore and it is mainly used to support our air freight forwarding and aerospace logistics services in Singapore.
2012 : In line with management's intention to expand our geographical coverage, the company expanded to Korea and incorporated AGX Korea(5). The company commenced business providing logistics services in the same year. At that time AGX Korea was held by AG Overseas Sdn Bhd (a company previously held by Dato' Ponnudorai A/L Periasamy and Jayasielan A/L Gopal) (20 ), Premier Investment Holdings Pte Ltd (a company previously held by Penu Mark and Neo Lip Pheng, Peter) (20 ), and Yun JaeHoon (60 ), our Managing Director of AGX Korea. As at the LPD, AGX Korea is a subsidiary of our Group. During the same year, we further expanded to the Philippines and incorporated our subsidiary, AGX Philippines(5).
2013 : AGX Philippines commenced business in providing logistics services. We continued our geographical expansion and incorporated AGX Myanmar(5). The company commenced business providing logistics services in Previous Myanmar Office. The company started providing warehousing and other third-party logistics (3PL) services in our Previous Nan Wah Building Warehouse in Singapore.
2015 : The company commenced operations in our Yangon Warehouse in Myanmar which continues to operate as at the LPD. The company also started providing warehousing and other 3PL services, and road freight transportation services in Myanmar.
2018 : The company submitted via AGX Group Limited (“HKSE Listing Company”) an application to the Hong Kong Stock Exchange (HKSE) for a primary listing of HKSE Listing Company on the Growth Enterprise Market (GEM) of HKSE. The HKSE Listing Company subsequently withdrew its listing application from HKSE in 2019 due to various factors, including among others, delays in the listing process, fees incurred and unfavourable HKSE market conditions.
2019 : The company incorporated our subsidiary, AGX Worldwide(3)(5) in the Philippines which commenced operations providing warehousing and other 3PL services in Subic Bay Warehouse 1 during the same year. This warehouse continues to operate as at the LPD. AGB was incorporated in Malaysia and commenced business operations as an investment holding company. AGB completed the acquisition of the remaining 60.00 (4) of the equity interest in AGX Korea (at the purchase consideration of KRW210,709,995, equivalent to approximately RM745,913) and it became a subsidiary of our Group.
2021 : AGB became the holding company of our Group upon the completion of Pre-IPO Internal Re-organisation Acquisitions. In line with our business growth and customer demand in Malaysia, the company commenced operations at our Port Klang Warehouse 2 in Malaysia. We relocated our Singapore office and warehouse operations from our Previous Changi South Warehouse to Gul Warehouse and Office which continues to operate as at the LPD. The Gul Warehouse and Office has 232,556 cubic feet of storage capacity as at the LPD compared to 91,039 cubic feet for the Previous Changi South Warehouse.
2022 : To cater to the growth of the business, AGX Worldwide commenced operations at our Subic Bay Warehouse 2. The company relocated our warehousing and other 3PL operations from our Previous Manila Warehouse to our current Manila Warehouse which commenced operations in the same month. AGX Philippines was registered as a Non-vessel Operating Common Carrier (NVOCC) under the Ocean Transportation Intermediaries list (OTI) by the Federal Maritime Commission of the US (FMC). AGX Transport was incorporated in Malaysia. The company's intended principal activity is to provide road freight transportation services, and it has not commenced business operations as at the LPD.
2023 : February 2023, the company ceased operations at the Previous Port Klang Warehouses 1 and 2 and relocated our warehousing and other 3PL services operations to the Lot 41 Warehouse. The Lot 41 Warehouse is in a rented premises located at Taman Perindustrian Pulau Indah in Selangor, Malaysia. AGX Philippines was accredited as an International Air Transport Association (IATA) cargo agent in February 2023. AGX Warehouse was incorporated in the Philippines. The company's intended principal activity is to provide warehousing and other 3PL services, and it has not commenced business operations as at the LPD.
On 11 March 2020, the World Health Organisation declared the COVID-19 outbreak as a global pandemic. Following the declaration, the Government of Malaysia had on 18 March 2020 imposed the Movement Control Order (“MCO”) and subsequently entered into various phases of the MCO to curb the spread of the COVID-19 pandemic in Malaysia.
The Company's operations have been disrupted by a series of precautionary and control measures taken by the government and private corporations in response to the emergency of the COVID-19 pandemic. Although the Company's operation has been disrupted, the management has assessed the impact on the Company that there was no material financial impacts arising from the pandemic. Nevertheless, the Company has taken and will continue to take necessary steps to safeguard and preserve its financial condition, emphasising on liquidity management to meet its continuing financial commitments and liquidity needs.