KUALA LUMPUR (Jan 5): Frozen food distributor Guan Huat Seng Holdings Bhd plans to expand its retail outlets in the Klang Valley and Johor following its ACE Market listing. Speaking to reporters on Monday after the prospectus launch, managing director Yeo Tien Ee said the group only currently operates one retail outlet in Melaka. Besides the opening of the new retail outlets, the group is also planning a new integrated complex in Melaka to be partially funded by its IPO proceeds. The revenue contribution from the domestic market was RM82.38 million (88.47%), while the international market contributed RM10.74 million (11.53%). For the financial year ended July 31, 2025, the group made a net profit of RM7.23 million on the back of RM93.11 million revenue.

Source: The Edge Markets January 05, 2026 06:44 UTC