Sik Cheong Berhad (Malaysia)

The Company was incorporated in Malaysia under the Companies Act, 2016 on 23 June 2023 as a private limited liability company. The Company was subsequently converted into a public limited liability company on 20 December 2023.
The Company principal activity is investment holding. Through our Subsidiaries, our Group's principal business activities include investment holding, repackaging, marketing and distribution of edible oil and other food products and distribution of lamp oil and other trading products
1987 - The Company commenced our operations in repackaging, marketing and distribution of RBD palm olein oil in 1kg polybags through Sik Cheong (the partnership). Our RBD palm olein oil was marketed and distributed under our in-house brand, “Sawit Emas”. At the time, the packaging process was manual and was carried out at a premises in Kampung Tasek Tambahan, Ampang.
1992 - Wong Hin Loong and Wong Hing Ngiap co-founded Sik Cheong Trading Sdn Bhd (now known as SCEO). Both Wong Hing Ngiap and Wong Hin Loong are the directors of SCEO and each held 50 shareholdings in SCEO.SCEO was dormant at that time.
1997 - SCEO began to carry out the delivery of RBD palm olein oil products that had been repackaged by Sik Cheong (the partnership) to customers.
2001 - The Company began to market and distribute our RBD palm olein oil products under “Vitamas”, an in-house brand.
2004 - SCEO assumed its present name in 2004.
2006 - Sik Cheong (the partnership business) began to gradually transfer its RBD palm olein oil product repackaging, marketing and distribution business to SCEO and ceased its sundry good retail and wholesale business. Sik Cheong (the partnership business) expired and ceased its business in May 2018. SCEO began to undertake packaging activities from a main packaging facility in Ampang to expand its operations. The Company began to automate our packaging operations by acquiring 2 packaging lines for 1kg polybags and one of these packaging lines was later disposed in 2020. The Company expanded our packaging types to include jerry can and tin can products by acquiring 1 packaging line for jerry cans and tin cans.
2007 - Upon the introduction of the COSS by the Government to stabilise the retail price of all types of cooking oil in 1kg polybags in Malaysia, the company applied and obtained the quota to supply subsidised RBD palm olein cooking oil under the COSS. Thereafter, all 1kg polybags were marketed and distributed under the COSS programme (COSS products). The company relocated our operations to Factory No. 11
2008 - The Company acquired an additional packaging line for COSS products.
2009 - The Company received our first Halal certificate issued by the Halal Industry Development Corporation for “Minyak Sawit”.
2013 - The Company acquired 2 additional packaging lines for COSS product.
2014 - The Compay expanded the product packaging types to include bottled products by acquiring 2 packaging lines for bottles.
2015 - The Company acquired 2 additional packaging lines for COSS products. The Company acquired an additional packaging line for bottles. The Company obtained our MeSTI certification, an independent certification for quality and safety compliance, for our Group's operation at Factory No. 11.
2016 -The Company acquired an additional packaging line for bottles. The Company obtained Halal certification issued by Jabatan Agama Islam Selangor for “Minyak Sawit” (re-issuance of certification due to change in Halal certification panel).
2019 - The Company acquired 1 packaging line for jerry cans and tin cans. SCSM was incorporated to facilitate our venture into the repackaging, marketing and distribution of lamp oil. The directors of SCSM are Wong Hing Ngiap, Wong Hin Loong, Choo Wai Yeen and Wong Cheng Jian. The shareholders of SCSM are Choo Wai Yeen (40 shareholding), Wong Cheng Jian (40 shareholding), Wong Hing Ngiap (10 shareholding) and Wong Hin Loong (10 shareholding). With the setting up of SCSM, we relocated our lamp oil labelling line from Factory No. 11 to a shop lot (near to Factory No. 11) to carry out the labelling and storing of lamp oil products.
2021 - Following the launch of the MKHMM programme by the Government to control the maximum retail price of palm cooking oil, the company obtained quota to repackage, distribute and market RBD palm olein cooking oil under the said programme. The Company obtained renewal of the Halal certificate issued by Jabatan Agama Islam Selangor for “Minyak Masak Bertapis
2022 - The Company acquired 1 packaging line for jerry cans and tin cans.
2023 - The Factory No. 11 has been successfully transferred to and registered in the name of SCEO. Sik Cheong was incorporated on 23 June 2023 and was converted to a public limited company on 20 December 2023, to facilitate the Proposed Listing.
2024 - SCEO completed the sale and purchase agreement of Factory No. 11. The Company obtained the HACCP (MS 1480: 2019) Food Safety certification, an independent certification for quality and safety compliance. The Company obtained the ISO 22000: 2018 Food Safety Management System certification, an independent certification for food safety systems.
Due to the COVID-19 pandemic, the Government had on 16 March 2020 implemented a MCO under the Prevention and Control of Infectious Diseases Act 1988 and the Police Act 1967 which took effect from 18 March 2020. During the MCO period, all government and private premises, except those involved in essential services, were required to be closed and to cease operations. As the company are involved in the repackaging, marketing and distribution of RBD palm olein cooking oil, which is an essential product, our operational activities were allowed to continue to operate during the MCO as our business was recognised as an essential service. The company thus did not face any major disruptions in FYE 2021 and FYE 2022.
Due to the resurgence in number of new daily COVID-19 cases in certain states during the conditional MCO, a national lockdown policy was implemented from 1 June 2021 to 14 June 2021 throughout Malaysia and Phase 1 of the National Recovery Plan(“NRP”) was implemented on 15 June 2021.
Throughout this period, most economic sectors were not allowed to operate with the exception of essential economic and service sectors. However, our Group was able to operate as usual subject to SOPs imposed by the Government as we are operating in one of the essential service sectors.