Our new construction and project management as well as building material trading segments were progressing well as per plan with close to RM 200 million revenue generated during the financial period.
Our healthcare business segment especially the mask products were performing well too grossing RM 1.3 million in revenue for the financial period.
We have successfully divested all the non-performing entities of bamboo manufacturing and its related businesses in China except for the Classen bamboo trading business.
Diversified into new construction business aimed at deriving synergy with the property investment and management segment.
Acquired 51% stake in building materials supplier, Sung Master Holdings Sdn Bhd for RM94.8 million. Acquired 126 units of service apartments at Antara @ Genting Highlands for RM142.87 million.
One of the new subsidiaries, Kanger Medical International Sdn Bhd is making inroads into the healthcare industry by sourcing for face masks and Covid-19 vaccines.
Signing of two separate lease agreements with Ganzhou Jiache Automobile Trading Co. Ltd. and Ganzhou Fuying Kaili Hotel Management Co. Ltd. (collectively referred to as “Lessees”) for the lease of a six-storey commercial building (AutoCity Building) and a nineteen-storey commercial building (Hotel Commercial Building) respectively,to these Lessees.
Signed distributorship agreement with Classen International GmbH to act as exclusive distributor for CLASSEN’s products in China
Set up trading company in Hong Kong under Kanger Trading (HK) Co. Limited
Launched new series of bamboo furniture products
Launched new series of high-end flooring products under its brand ‘KAR ACE’ and awarded 14 ‘KAR ACE’ dealership in China in 2014
Listed on the ACE Market of Bursa Malaysia Securities Berhad
Obtained trademark registration for ‘KAR Masterpiece’ brand
Established first ‘KAR Masterpiece’ retail store in Shenzhen, People’s Republic of China
Entered into Research and Development Agreement with Malaysian Forestry Research and Development Board to collaborate on research and development
Launched ‘KAR Masterpiece’ brand for premium strand woven bamboo flooring and related products
Improved interlocking system to facilitate easier installation of flooring products and obtained a patent for this improved interlocking system
Expanded operations range to include the manufacturing of strand woven bamboo flooring and related products by acquiring Yanshan (County) Kanger Bamboo Industry Co., Ltd
Obtained trademark registration for ‘Kanger’ brand from State Administration for Industry and Commerce of the People’s Republic of China
Ventured upstream into the manufacturing of bamboo flooring by acquiring Ganzhou Kanger Industrial Co., Ltd
Commenced construction of manufacturing plant in Ganzhou city, People’s Republic of China
Obtained CE marking in recognition of compliance with European Union legislation
Invented interlocking system which enables easy installation for some bamboo flooring products
Established Shenzhen Kanger Bamboo Wood Co.Ltd
Recognised as sole authorised bamboo flooring supplier of B&Q China, which is part of Kingfisher Plc Group
Launched environmentally friendly bamboo flooring products under ‘Kanger’ brand