Sbh Marine Holdings Berhad (Malaysia)

The Company was incorporated in Malaysia under the Companies Act 2016 on 18 October 2021 as a private limited liability company under the name Fantastic Holdings Sdn. Bhd. (“the Company”). On 17 August 2022, the Company converted its legal form from a private limited liability company to a public limited liability company. Subsequently on 8 March 2023, the Company changed its name to SBH Marine Holdings Berhad.
The Company s principal activity are investment holdings and provision of management services.
The Company are principally a frozen seafood processing group with involvements in various stages of the value chain, from aquaculture shrimp farming to the processing and sale of frozen seafood products to both local as well as overseas customers, merchant trading of frozen processed seafood products, and distribution and trading of aquaculture related products (such as shrimp feed, post larvae, probiotics and test kits). In addition, we plan to venture upstream by setting up our own shrimp hatchery and nursery operations to further complement our aquaculture shrimp farming activities.
2000 - The Company incorporated SBH Marine with the intention to take over the trading and supply of seafood business from Sin Ban Huat.
2001 - SBH Marine commenced business of trading and supply of seafood, focusing mainly on crustaceans.
2005 - With intentions to venture into the processing of frozen seafood, the company commenced construction on the Kurau Plant, our seafood processing plant cum head office with cold room facilities in Kuala Kurau, Perak.
2006 - The company incorporated Fantastic Seafood and Jaguh Dinamik to trade, import, and export frozen marine products.
2007 - Our Kurau Plant completed construction and was commissioned and the company began to process and export frozen seafood products including whiteleg shrimps, black tiger prawns, cat tiger prawns as well as cephalopods such as cuttlefish, squid and octopus.
2008 - The company exported our first container of frozen seafood products to Egypt.
2009 - Through Jaguh Dinamik, we began to export frozen seafood processed by SBH Marine to South Korea.
2010 - The company incorporated SBH Aquaculture to venture upstream into aquaculture shrimp farming to provide a stable and consistent supply of live and chilled shrimps to our Kurau Plant.
2011 - The company incorporated Ocean Island to venture into the distribution and trading of aquaculture-related products related to aquaculture shrimp farming. Through SBH Aquaculture, the company entered into the JV Agreement with PASB to jointly undertake shrimp farming at the Kurau Farm (Phase I). Together with PASB, we incorporated SBH Perak Agro as the joint venture vehicle in which SBH Aquaculture and PASB held 49 and 51 equity interest respectively.
2012 - Through Fantastic Seafood, we began to export frozen seafood processed by SBH Marine to the European market.
2013 - The company commenced the development of Kurau Farm (Phase II and harvested our first shrimp harvest from Kurau Farm (Phase I) and supplied to SBH Marine for processing.
2017 - The company incorporated Top Grade to venture further upstream into shrimp hatchery and nursery activities to complement our aquaculture shrimp farming activities. The company entered into the Technical Assistance Agreement with TopGen Aquaculture whereby Topgen Aquaculture will provide Top Grade with the necessary technical inputs in setting up and operating our Hatchery Centre.
2020 - The company added Selinsing Farm to the joint venture with PASB and rented a piece of land in Tanjung Piandang, Perak and took over an existing hatchery centre erected thereon to prepare for our own Hatchery Centre.
2021 - The company entered into the Supplies and Marketing Agreement with PT Yasuriang to secure the supply of frozen seafood products, which are sourced from Indonesia, either for processing at our Kurau Plant or for export directly to our customers overseas under our merchant trading business. Our Company was incorporated as the holding company of our Group en route to our Listing.
2022 - Completion of our Internal Restructuring.
2024 - Completion of the Acquisitions and Subscription by PASB pursuant to our Listing Scheme.
COVID-19 was declared a pandemic by the Director-General of the World Health Organisation (“WHO”) on 11 March 2020. In light of the COVID-19 pandemic, the Malaysian Government had announced various stages of lockdown measures across different states or localities in the country at different points in time since 18 March 2020 until LPD namely MCO, conditional MCO, recovery MCO, enhanced MCO (“EMCO”), full lockdown MCO (“FMCO”) as well as the National Recovery Plan (“NRP”). The NRP is a 4 phase strategy based on 3 indicators, namely the percentage of the population protected against COVID-19, based on the number of people that have received complete dose of vaccines, the number of symptomatic new hospital admissions, and the capability of public healthcare system based on the bed utilisation rate in intensive care unit wards. The Government had announced that Malaysia would transit from the NRP into the “transition to endemic” phase beginning 1 April 2022 whereby restrictions have been further eased. This includes abolishing limits on workforce capacity, allowing interstate travel for all, as well as abolishing restrictions on business hours.
During the different lockdown stages, various measures and restrictions have been implemented to limit the spread of the virus. Government and private businesses, save for those engaged in essential services or industries with special authorisation, were mandated to halt operations temporarily. Businesses offering essential services or operating in industries with special permission had to decrease their workforce to a lower capacity. Additionally, limitations on travel were also enforced.
Our Group's activities were classified as essential services, we were able to resume our operations (with 50 of workforce capacity), after obtaining approvals from the MITI vide its letter 26 March 2020 and the MAFS vide its letter 5 October 2020 to ensure that companies directly involved in essential services are able to ensure the food supply chain and marketing activities are not affected. We were also required to implement standard operating procedures set out by the MITI. Our Group continued to comply with the various SOPs imposed by the Malaysian government during the various lockdown phases.