Elridge Energy Holdings Berhad (Malaysia)

The Company was incorporated in Malaysia under the Act on 10 January 2024 as a public limited company.
The Company s principal activity is investment holding. Through our Subsidiary, the company are principally involved in the manufacturing and trading of biomass fuel products, particularly PKS and wood pellets.
On 31 January 2024, EEHB entered into a conditional share sale agreement with the BESB Vendors (as listed in the table below) to acquire the entire equity interest in BESB for a total purchase consideration of RM34,979,979 (“Proposed Acquisition”).
The total purchase consideration of RM34,979,979 for the Proposed Acquisition was arrived at after taking into consideration the audited net assets of BESB as at 31 December 2023 amounting to RM35,032,314 and shall be satisfied by the issuance of 1,649,999,000 new ordinary shares to the Vendors at an issue price of RM RM0.0212 per share.
2011 - BESB was incorporated.
2012 - Secured first order of PKS from local customer based in Malaysia.
2013 - Began to export PKS to a customer based in Japan and secured first order of wood pellets from local customer based in Malaysia.
2015 - Set up our present Port Klang Factory and obtained the PEFC certification for wood pellets.
2016 - Obtained the Green Label Certification for wood pellets.
2018 - Secured first order of wood pellets from customer based in Singapore.
2019 - Secured first large contract from customer based in Japan to supply 30,000 MT of PKS per annum over a period of five (5) years and secured first order of PKS from customer based in Indonesia.
2020 - Secured first order of PKS from a customer based in China and awarded the SME100 Malaysia Fast Moving Companies Awards 2020 by SME Magazine.
2021 - Secured first order of wood pellets from customer based in South Korea
2022 - The proprietary PKS process was successfully patented.
2023 - Obtained Green Gold Label certification for PKS and awarded the Biomass Industry Achievement Award by Malaysia Biomass Industries Confederation.
2024 - Completed first shipment of Green Gold Label certified PKS and set up Kapar Factory.