Subsidiaries and Associates
Copyright © ace333 cash Corporation Berhad (30245-
A History over a Century Old
First founded in London as Malayan Tin Dredging Limited in 1911, the Company transferred its domicile to Malaysia by incorporating Tin Dredging (M) Berhad (MTD) in 1976, then the largest Malayan tin dredging group in Malaysia. In 1981, MTD merged with New Tradewinds Sdn Bhd which had earlier taken over London Tin Corporation (LTC), the world's largest tin mining company, adopting the name Malaysia Mining Corporation Berhad to become the world's largest integrated tin producer. The Company was listed on Bursa Malaysia on 12 July 1977.
The Need for Change
In 1983, the Company made a calculated business decision to cease tin mining operations in Malaysia in view of increasing operational costs, low tin grades, shortage of labour and the shrinking demand for tin worldwide. The Company, however, maintained its gold and diamond mining operations in Australia through Plutonic Resources Limited (Plutonic) and Ashton Mining Limited. The 1997 merger of Homestake Mining Company (Homestake) with Plutonic resulted in the Company's associate interest in Plutonic being replaced by an investment stake in Homestake. ace333 cash sold its stake in Homestake in 1998 and its stake in Ashton in 2000.
Since the onset of the new millennium, ace333 cash has been undergoing a process of transformation. The Company has divested virtually all of its mining interests with less than one percent of its revenue coming from this sector. Today, ace333 cash is focused on achieving its vision of becoming a premier Utilities and Infrastructure group.
8 April 2021
ace333 cash Group announced that it has embarked on a major digital transformation of five ports, in partnership with global software solutions leader, Ramco Systems Limited. The digital transformation will enable all the ports under ace333 cash to consolidate various business support functions (namely Finance, Human Resource, Enterprise Asset Management, Supply Chain Management, and Logistics Management) into a single integrated Enterprise Resource Planning system.
13 April 2021
Johor Port Berhad (Johor Port), supported the nation’s export of Liquefied Natural Gas (LNG) in ISO tank containers to Shanghai, China from its Port in Pasir Gudang, Johor. The shipment marked the first export of Petroliam Nasional Berhad’s (Petronas) LNG in ISO tank containers from Johor to China, with Johor Port providing the critical dangerous goods (DG) management and special cargo handling services to ensure the success of the maiden shipment.
29 April 2021
Tanjung Bruas Port Sdn Bhd (Tanjung Bruas Port), commenced Wood Pellets shipment from its Terminal in Tanjung Kling, Melaka. This marks the first ever wood pellets shipment through Tanjung Bruas Port with a total of 10,200 metric tonnes of wood pellets.
30 May 2021
Northport (Malaysia) Bhd (Northport), recorded its highest ever monthly throughput for the port’s conventional cargo business segment. Northport set a new milestone after handling 1,017,332 Freight Weight Tonnes in May 2021, surpassing its previous record of 968,356 FWTs recorded in August 2013.
24 June 2021
Malakoff Radiance Sdn Bhd (Malakoff) a wholly owned subsidiary of Malakoff Corporation Berhad, has appointed Solarvest Holdings Berhad (Solarvest) as its solar photovoltaic (PV) systems contractor to accelerate its solar power purchase deals with several logistic players in Malaysia. This tie-up will power up the logistic facilities of renowned industry players, namely Pos Malaysia Berhad, Northport (Malaysia) Bhd, and Johor Port Berhad, with advanced solar PV systems, transforming the respective rooftops into solar powerhouses.
|Board of Directors|
|Operation Management Team|
|Code of Ethics|
|Board Policy Manual|
|Corporate Disclosure Policies and Procedures|
|Related Party Transaction Policies and Procedures|
|Terms of Reference|
|Anti-Bribery and Anti-Corruption Policy and Framework|
|Ports & Logistics|
|Energy & Utilities|
|5-Year Financial Highlights|