Tsa Group Berhad (Malaysia)

The Company was incorporated in Malaysia under the Act on 18 March 2022 as a private limited company under the name of TSA Group Sdn Bhd. On 1 November 2022, our Company was converted into a public limited company.
The Company s principal activity is investment holding. Through our subsidiaries, the company are principally involved in the distribution and supply of ferrous and non-ferrous metal and other industrial hardware products, manufacturing and processing of stainless steel pipes and other metal products.
1993 - The company was founded when TSA Industries(1) was incorporated on 4 November 1993 with Chew Yik Wai (our current Executive Director), Yee Kim Yuen and Tong Onn Poh as the founding shareholders. The company commenced business operations in the same year in the trading of stainless steel and other metal products, and hardware and other products. At that time, TSA Industries operated from the rented premises at Taman Pertama in Cheras, Kuala Lumpur.
1994 - TSA Pipes(2) was incorporated on 1 March 1994.
1995 - The company relocated our business operations from our rented premises to an owned shophouse unit at Taman Sungai Besi Indah in Balakong, Selangor.
1999 - KVC Industrial Supplies Sdn Bhd (KVC Industrial)(3) became a 78.3 shareholder in TSA Industries following the allotment and issuance of 1,800,000 new ordinary shares of TSA Industries on 1 September 1999.
2000 - TSA Industries acquired a light industrial unit at Taman Industri Selesa Jaya in Balakong, Selangor, and subsequently relocated the business operations to this light industrial unit.
2002 - ATIS Corporation Berhad (“ATIS Corporation”) comprising, amongst others, KVC Industrial, was listed on the Main Board of the Kuala Lumpur Stock Exchange (“KLSE”) in August 2002 with 78.3 interest in TSA Industries. TSA Industries' revenue and PAT for the 12 months ended 31 December 2001 were RM37.5 million and RM4.0 million, respectively as compared to the ATIS Corporation's revenue and PATAMI for the FYE 31 December 2001 of RM171.4 million and RM14.4 million, respectively. TSA Industries' 78.3 PAT contribution to ATIS Corporation amounted to 21.75 (Source: ATIS Corporation's prospectus dated 29 June 2002.
2003 - KVC Industrial acquired the entire equity interest of TSA Pipes on 31 October 2003 from Chia Hee Chong, Ngu Liong Ting and Chia Kim Seng. On 23 December 2003, KVC Industrial acquired the remaining 21.7 equity interest of TSA Industries that it did not already own, following which TSA Industries became a wholly owned subsidiary of KVC Industrial.
2004 - Mitra Bintang was incorporated on 25 March 2004. The company commenced business operations in 2004 when it acquired the land where our current main operational facility is located.
2005 - TSA Industries became a 99.99 shareholder in Mitra Bintang following the allotment of 4,966,000 new ordinary shares on Mitra Bintang on 8 August 2005. The company subsequently commenced the construction of our main operational facility on the land owned by Mitra Bintang during the same year.
2008 - The company relocated our head office and warehouse operations to our main operational facility with an approximate built-up area of 147,072 sq. ft. in March 2008 following its completion. The company diversified our business activities when TSA Pipes began to manufacture round, square and rectangular stainless steel pipes in April 2008. The company also began to use our “TSS” brand for the stainless steel pipes that we manufacture in 2008. On 15 April 2008, TSA Industries acquired the entire equity interest in TSA Pipes from KVC Industrial for purchase consideration of RM223,946.00. TSA Industries acquired the remaining 2 ordinary shares of Mitra Bintang that we did not already own on 10 September 2008 from Loh Kum Fatt and Mohd Shahrom Bin Abd Rahim and Mitra Bintang became the wholly owned subsidiary of TSA Industries. ATIS Corporation acquired the entire equity interest of TSA Industries from KVC Industrial on 29 September 2008. At that time, ATIS Corporation was listed on the Main Board of Bursa Securities.
2010 -The company expanded our business overseas to Singapore with the incorporation of TSA Singapore on 7 April 2010 and commenced business operations in the same year in the trading of metal products, hardware and other products from rented premises with an approximate built-up area of 5,188 sq. ft. We started exporting our manufactured stainless steel pipes to customers in Sri Lanka.
2012 - ATIS Corporation was privatised and delisted from the Official List of Bursa Securities effective on 18 December 2012. ATIS Corporation subsequently changed its name to KVC Corporation Sdn Bhd (KVC Corporation) on 22 January 2013.
2013 - TSA Singapore relocated its business operations to rented premises at Senoko Avenue, Singapore with an approximate built-up area of 10,503 sq. ft. in 2013.
2015 - KVC Properties Sdn Bhd (KVC Properties) acquired the entire equity interest of TSA Industries from KVC Corporation on 8 September 2015. On 16 November 2015, there was an allotment of new ordinary shares of TSA Industries to KVC Properties, Chew Kuan Fah, Chew Yik Wai, Ng Kim Liang and Barisan Jutawan due to management buyout. As a result, KVC Properties' equity interest in TSA Industries was diluted to 50.1 . Chew Kuan Fah subscribed for 25.0 equity interest in TSA Industries for a cash consideration of RM1,250,000, Barisan Jutawan subscribed for 11.9 equity interest in TSA Industries for a cash consideration of RM595,000, Chew Yik Wai subscribed for 8.0 equity interest in TSA Industries for a cash consideration of RM400,000 and Ng Kim Liang subscribed for 5.0 equity interest in TSA Industries for a cash consideration of RM250,000.
2016 - TSA Pipes transferred its pipe manufacturing business to TSA Industries in December 2016 as it is part of our restructuring strategy to streamline our procurement process and simplify our business operation processes to enhance our operational effectiveness. Following thereto, TSA Pipes ceased its business operations and has been dormant since January 2017
2019 - TSA Industries obtained the SIRIM Product Certification Licence in 2019 for specific stainless steel grades, types and sizes of stainless steel pipes that we manufacture. The current certification is valid until 20 December 2024
2021 - TSA Industries obtained the Certification of Standards Compliance – Building Materials for welded stainless steel mechanical tubing from CIDB in September 2021. The current certification is valid until 31 August 2024.
2022 - TSA was incorporated on 18 March 2022 as an investment holding company and converted into a public limited company on 1 November 2022. The company completed the acquisition of a piece of leasehold land at Sungai Lalang in Semenyih, Selangor measuring approximately 435,615 sq. ft. in size on 7 October 2022 (the Semenyih Land). We intend to establish a manufacturing premises for a stainless steel cold rolling line on the land.
2023 - Asia Inox was incorporated on 24 March 2023 as a dormant company. The proposed principal activity of Asia Inox is to produce and process cold-rolled stainless steel coils and to distribute and sell the cold-rolled stainless steel coils in Malaysia and/or export to other countries. TSA Singapore relocated its business operations to rented premises at TIMMAC @ Kranji Loop, Singapore with an approximate built-up area of 15,272 sq. ft. in 2023. The company completed the Acquisition of TSA Industries on 31 October 2023
The World Health Organisation declared COVID-19 a pandemic on 11 March 2020. Commencing from 18 March 2020, the Government of Malaysia implemented measures to reduce COVID-19 transmission in the country.
The company closed our operational facilities on 18 March 2020 pursuant to the first MCO. Our staff who performed executive, administrative and sales and marketing functions worked from home, whenever possible, while our trading operations at our warehouses and stainless steel manufacturing activities at our main operational facility were temporarily halted. The company resumed operations on 16 April 2020 following the relevant standard operating procedures (“SOP”) and guidelines pursuant to the written acknowledgement from MITI dated 16 April 2020.
During the various phases of the MCO including Conditional MCO (“CMCO”), Recovery MCO (“RMCO”), Full Lock-down MCO (“FMCO”), Enhanced MCO (“EMCO”), and National Recovery Plan (“NRP”), and the “Transition to Endemic” phase, the company continued to operate according to the specified guidelines and SOP, including specified workforce capacity during the respective periods.