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Corporate Profile



Introduction to YLI Group of Companies:

YLI Holdings Berhad ("YLI") is an investment holding company with subsidiaries involve in the manufacturing and marketing of Ductile Iron (DI) and High Density Polyethylene (“HDPE”) pipes, fittings, other related products and trading of Mild Steel (MS) pipes and fittings as well as provision of task building, civil infrastructure and project management works. The Group's dedication to its manufacturing activities led to YLI's listing on the Second Board of Bursa Malaysia Securities Berhad (then known as "Kuala Lumpur Stock Exchange") on 7 August 1997 and was subsequently transferred to the Main Board (which is now known as the Main Market) of Bursa Malaysia Securities Berhad on 10 January 2001.

The YLI Group has its beginning in 1966 with the establishment of Yew Lean Foundry & Co as a cast iron factory, producing cast iron fittings and other cast iron-based products. The Group traces its roots to the manufacturing and sales activities in ductile iron pipes and fittings which were collectively undertaken by five of its subsidiaries; namely Yew Lean Foundry & Co Sdn Bhd; Yew Li Foundry & Co Sdn Bhd, Logam Utara (M) Sdn Bhd, Zenith Eastern (M) Sdn Bhd, Yew Lean Industries Sdn Bhd. The Group's manufacturing activity had been further expanded via its diversification to cover mild steel pipes (through acquisition of Laksana Wibawa Sdn Bhd on 29 August 2008) and HighDensity Polyethylene ("HDPE") pipes (through acquisition of MRPI pipes Sdn Bhd on 11 February 2015). As part of its strategic steps in establishing itself as the one step service provider for all its customers' water and sewerage piping needs, the Group had also diversified into Construction activities (through the acquisition of Haluan Prisma Sdn Bhd on 26 January 2015) which would now enable the Group to also provide pipe laying services for its customers.

Yew Lean Foundry & Co Sdn Bhd ("Yew Lean Foundry") was incorporated in 1976 with its core business in the manufacturing and sales of ductile iron pipes and fittings. Yew Lean Foundry also specializes in products such as ductile iron saddles and manhole covers, cast iron pipes, pillar hydrants and valves for the waterworks and sewerage industries. Ductile iron pipes manufactured by Yew Lean Foundry carry the YL brand name and are manufactured by using the centrifugal casting method to ensure consistency in dimensions and compactness in its microstructure. All YL pipes are under stringent quality control to achieve a minimum tensile strength of 420 N/mm2 and elongation of 10 percent. Yew Lean Foundry currently produces ductile iron pipes of various sizes up to 700mm in diameter. All YL pipes are in a standard length of 6 meters. YL pipes have long been widely recognized within the ASEAN region for its superior quality.

The acquisition of Laksana Wibawa Sdn Bhd ("Laksana Wibawa") as one of its subsidiaries in 2008 has seen the Group's diversification into the manufacturing and sales of mild steel pipes and fittings. Laksana Wibawa is principally involved in the manufacturing of mild steel pipes and trading in mild steel and ductile iron pipes. By employing the state-of-the-art Spiral Forming technology from Germany, Laksana Wibawa is able to produce high quality mild steel pipes of various diameter, length as well as specification to fulfil various market needs.

MRPI Pipes Sdn Bhd ("MRPI Pipes") had become part of the YLI Group following the completion of its acquisition in 2015. MRPI Pipes was incorporated in 1978 (then known as Musa Rahman Plastic Industries Sdn Bhd). It was originally involved in the manufacture and marketing of various plastic products (i.e. plates, bags, bottle, container and wrapper) and had later changed its principal activity to the manufacture and marketing of HDPE pipes. Its HDPE pipes is of high quality and in conformance with Malaysia and International Standards.

Haluan Prisma Sdn Bhd ("HPSB") had also been added to the YLI Group in 2015. HPSB is a contractor registered with "A" Class and PKK Bumiputra Status by Pusat Khidmat Kontraktor ("PKK") and registered under "G7" Grade by the Construction Industry Development Board ("CIDB"), besides its registration with the Ministry of Finance ("MOF"), Suruhanjaya Perkhidmatan Air Negara ("SPAN"), Puncak Niaga (M) Sdn Bhd, Dewan Perniagaan Melayu Malaysia Negeri Selangor ("DPMMS") and Felda Holdings Berhad. Besides the normal construction activities, HPSB had also successfully completed Non-Revenue-Water ("NRW") mitigation projects awarded by Pengurusan Aset Air Berhad ("PAAB") and Syarikat Bekalan Air Selangor Sdn Bhd ("SYABAS").

Over the years, the Group has grown by leaps and bounds. Following the compulsory disposal of Laksana Wibawa’s manufacturing business in October 2023, the company cease to manufacture MS pipes. The Group continues to pride itself for being the supplier of pipes and fittings of various materials (i.e. Ductile Iron and HDPE) of highest quality. Via its expansion and diversification into construction activities, the Group had established itself as a one-stop service provider which is not only able to supply pipes and fittings, but also to provide its service for the installation/laying of pipes. The Group has a strong commitment to research and development which has paved the way for YLI to constantly maintain its standing in the forefront of the water and sewerage pipes industry. On an ongoing basis, the Group strives to always exceed its customers' expectations by prompt delivery of pipes of highest quality with best service and most competitive pricing.

Corporate Milestones



Corporate Structure



Corporate Information


Board Committees

AUDIT AND RISK MANAGEMENT COMMITTEE

Lim Yoke Moi - Chairman

Datuk Haji Jalaludin Bin Haji Ibrahim

Hew Kam Mooi

NOMINATION COMMITTEE

Hew Kam Mooi - Chairman

Datuk Haji Jalaludin Bin Haji Ibrahim

Lim Yoke Moi

REMUNERATION COMMITTEE

Datuk Haji Jalaludin Bin Haji Ibrahim - Chairman

Hew Kam Mooi

Lim Yoke Moi

REGISTERED OFFICE

Tingkat 3, Lot 3066, Jalan Datuk Sulaiman,
Sungai Penchala, 60000 Kuala Lumpur

Tel : 03 7722 2296

Fax : 03 7722 2057

COMPANY SECRETARY

Wong Youn Kim

MAICSA 7018778

SSM PC NO. 201908000410


Law Mee Poo

MAICSA 7033423

SSM PC NO. 201908002275

AUDITORS

Baker Tilly Monteiro Heng PLT

Chartered Accountants

Baker Tilly Tower

Level 10, Tower 1, Avenue 5

Bangsar South City

59200 Kuala Lumpur, Malaysia

SHARE REGISTRAR

Plantation Agencies Sdn Berhad

3rd Floor, 2 Lebuh Pantai

10300 Georgetown, Penang

Tel : 04 262 5333

Fax : 04 262 2018

PRINCIPAL BANKERS

AmBank (M) Berhad

AmInvestment Bank Berhad

Hong Leong Bank Berhad

Malayan Banking Berhad

United Overseas Bank (Malaysia) Berhad

STOCK EXCHANGE LISTING

The Main Market of

Bursa Malaysia Securities Berhad


Sector : Industrial Products and Services

Stock Name : YLI

Stock Code : 7014

Board of Directors

DATO’ ABDUL JALIL BIN ABDUL KARIM

DATO’ ABDUL JALIL BIN ABDUL KARIM

Malaysian, Male, Aged 60
Non-Executive Independent and Non- Executive Chairman

Dato’ Abdul Jalil bin Abdul Karim was formerly a Managing Director of Puncak Niaga Holdings group until April 2021. He was a member of the Executive Commitee of Puncak Niaga, Puncak Niaga Construction Sdn Bhd and on the Board of most of the subsidiaries within Puncak Niaga Group.

Dato’ Abdul Jalil was graduated with a Bachelor of Science in Mechanical Engineering from University of Alabama, USA in 1987. He was previously the Chief Executive Officer with Merge Energy Bhd (now known as Stella Holdings Berhad), a public listed company. He has more than 35 years of extensive working experience in project consultancy, management and construction in the water, sewerage, waste water related industries and M&E work for government hospitals since 1987. He served at various levels including senior and board level of reputable companies, both local and foreign.

He was involved in various major water supply projects in Malaysia while he was with Taliworks Consortium, Ranhill Engineering & Construction, Ranhill Consulting, Merge Energy Bhd and Puncak Niaga Holdings Bhd.

Currently retired, but still engaging and volunteering in social and community activities. He is also the President of Alumni Science Penang (ALSPEN).

MR SEAH HENG CHIN

MR SEAH HENG CHIN

Malaysian, Male, Aged 49
Managing Director
Non-Independent Executive Director

Mr Seah Heng Chin was appointed as the Managing Director of YLI Holdings Berhad on 3 January 2020. He was the Executive Director since 14 November 2014. Prior to his appointment as a Director, he has served as the Financial Controller in Yew Lean Foundry & Co. Sdn. Bhd., a wholly owned subsidiary of YLI Holdings Berhad since June 2008.

He has over twenty years of working experience in both accounting and audit related field in various industries. As the Managing Director, he is mainly responsible for the Group’s strategic direction as well as its business and corporate development. He also sits on the Board of various subsidiaries of the YLI Group.

He graduated with a Bachelor of Art (Hons) Business Administration from Coventry University in 1997. He is a Fellow ACCA (“FCCA”) and a Member of the Malaysian Institute of Accountants (“MIA”). He also holds a Master’s degree in Business Administration from Strathclyde University, Scotland.

He does not hold any directorship in other public companies or listed issuer. Save as disclosed in the Analysis of Shareholdings, he is not related to any Director and/or Major Shareholder of the Company and does not have any conflict of interest with the Company. He has not been convicted of any offences within the past five (5) years nor has any public sanction and penalty had been imposed on him by the relevant regulatory bodies during the financial year. He has attended all five Board Meetings held in the financial year ended 31 March 2021.

PUAN SHAMSHIAH BINTI HASHIM @ ABU BAKAR

PUAN SHAMSHIAH BINTI HASHIM @ ABU BAKAR

Malaysian, Female, Aged 54
Executive Director

Puan Shamshiah Binti Hashim @ Abu Bakar (Puan Shamshiah) was appointed to the Board on 1 June 2024.

Puan Shamshiah has a total working experience of 25 years in construction related industries.

She had worked with a few construction companies before joining WWE Holdings Berhad in 1998 where her last position was Assistant General Manager of the Finance and Accounts Department.

Later she joined TRIplc Berhad as General Manager of Corporate Finance and Accounts in April 2012 and was then promoted to Executive Director, Finance in February 2016 and later being transferred under employment of Pimpinan Ehsan Berhad from 18 May 2018 to 30 April 2021.

From July 2021 to May 2024, she held the position as an Executive Director in Primula Terbilang Sdn Bhd, a plantation company and was primarily responsible for the finance and accounts.

MISS LIM YOKE MOI

MISS LIM YOKE MOI

Malaysian, Female, Aged 54
Independent and Non- Executive

Miss Lim is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), and a Fellow Member of the Association of Chartered Accountants (FCCA).

She has vast experience of more than 30 Years in various areas covering auditing, taxation, accounting, finance and corporate finance.

Miss Lim started her career in 1994 as an auditor in an established accounting firm. With her 12 years professional experience in the audit industries, her portfolio contains of diversified clientele ranging from SMEs to PLCs, across difference industries such as property development, construction, manufacturing, food & beverage, hospitality, etc.

In year 2006, she joined a Financial Consultancy company at senior management level, and was subsequently promoted to Executive Director in year 2018, to be responsible for the overall function that the Company undertakes.

DATUK HJ JALALUDIN BIN HJ IBRAHIM

DATUK HJ JALALUDIN BIN HJ IBRAHIM

Malaysian, Male, Aged 67
Independent Non-Executive Director

Datuk Hj Jalaludin bin Hj Ibrahim was appointed to the Board on 3 January 2020. He is the Chairman of the Remuneration Committee, and also a Member of the Audit Committee and the Nomination Committee of YLI Holdings Berhad.

He graduated with a Bachelor of Science (Hons) degree in Physics from Universiti Malaya. He also holds a Master of Business Administration degree from Ohio University, the United States of America, a Post Graduate Diploma in Forensic Science from King’s College London, United Kingdom and a Post Graduate Diploma in Forensic Science from University of Strathclyde Glasgow, United Kingdom.

He has 33 years of illustrious working experience in the Royal Malaysian Police. He joined the Malaysian police force in 1984 and had since held many key positions including Senior Lecturer in Forensic Science CID Department, Head of Criminal Investigation Officer of Police District Brickfield, Officer In-Charge of Police District Ipoh (OCPD), Head of Counter Terrorism Unit in Royal Malaysian Police, and Assistant Director of Special Branch.

He was appointed as the Chief Executive Officer of Felda Global Venture Security Services Sdn. Bhd. (FGVSSSB) from 2013 to 2019 and in 2020 was appointed as an Advisor of FGVSSSB.

Saved as disclosed above, he does not hold any directorship in other public companies or listed issuer. He is not related to any Director and/or Major Shareholder of the Company and does not have any conflict of interest with the Company. He has not been convicted of any offences within the past five (5) years nor has any public sanction and penalty had been imposed on him by the relevant regulatory bodies during the financial year. He has attended one of the five Board Meeting held in the financial year ended 31 March 2021.

MS HEW KAM MOOI

MS HEW KAM MOOI

Malaysian, Female, Aged 67
Independent Non-Executive Director
Qualification
  • Degree in Accounting & Finance and member of the Association of International Accountants (AIA) United Kingdom
  • A member of Institute of Financial Accountants (IFA) United Kingdom
  • A member of Institute of Public Accountants (IPA) Melbourne, Australia
Working Experience & Occupation

Ms Hew Kam Mooi was appointed to the Board on 31 May 2022.

She has more than 45 years of working experience and extensive knowledge in various areas covering operations, corporate banking, corporate financing, merger & acquisition, accounting, taxation, auditing and strategic financial management in private as well as listed companies.

She graduated with a Degree in Accounting & Finance and is a member of the Association of International Accountants (AIA), United Kingdom. She is a member of Institute of Financial Accountants (IFA), United Kingdom and a member of Institute of Public Accountants (IPA) Melbourne, Australia.

She started her young career in a private company in manufacturing, trading and customer service industry. Subsequently, she joined a listed company in oil & gas, shipyard, fabrication, construction, resort, hotel & service development and consultancy services as an accountant. Later on, she joined a private company with a subsidiary listed in Philippine Stock Exchange as a Group Accountant and industries covered were Hotel & Resort Development & Management, as well as Construction & Investment.

In year 2000, she joined a developer as a General Manager in township development & construction. In year 2006, she was promoted to Managing Director heading a Financial Consultancy company, responsible for the overall function that the company undertakes especially in plantation, manufacturing, development & construction and real estate investments. In year 2021, she retired at the age of 65 from the company.

Board Charter

CODE OF CONDUCT

TERMS OF REFERENCES

POLICIES

CONSTITUTION

CORPORATE GOVERNANCE REPORT