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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), Mild Steel (MS) and High Density Polyethylene (“HDPE”) pipes, fittings, other related products 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 High Density 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. Today, the Group prided itself for being the supplier of pipes and fittings of various materials (i.e. Ductile Iron, Mild Steel 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

Dr Abdul Latif Bin Shaikh Mohamed - Chairman

Datuk Haji Jalaludin Bin Haji Ibrahim

Hew Kam Mooi

NOMINATION COMMITTEE

Datuk Haji Jalaludin Bin Haji Ibrahim

Dr Abdul Latif Bin Shaikh Mohamed

Hew Kam Mooi

REMUNERATION COMMITTEE

Datuk Haji Jalaludin Bin Haji Ibrahim - Chairman

Dr Abdul Latif Bin Shaikh Mohamed

Hew Kam Mooi

REGISTERED OFFICE

45, Lorong Rahim Kajai 13
Taman Tun Dr Ismail

60000 Kuala Lumpur, Malaysia

Tel : 03 7722 2296

Fax : 03 7722 2057

COMPANY SECRETARY

Chew Siew Cheng

MAICSA 7019191

SSM PC NO. 202008001179


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' HJ SAMSURI BIN RAHMAT

DATO' HJ SAMSURI BIN RAHMAT

Malaysian, Male, Aged 67
Non-Independent Non-Executive Chairman

Dato’ Hj. Samsuri bin Rahmat was appointed as the Chairman of YLI Holdings Berhad on 3 January 2020. He was the Managing Director of the Company since 9 June 2008. Prior to joining the Company, he was the Executive Vice Chairman and also Executive Director of TRIplc Berhad. Currently, he also sits on the Board of various subsidiaries of the YLI Group.

He graduated with a Bachelor of Science (Hons) degree in Environmental Studies from University Putra Malaysia in 1980. He also holds a Master of Arts degree in Economics from Western Michigan University, the United States of America.

He had held various key positions in the Ministry of Science, Technology and Environment, Ministry of International Trade and Industry, Ministry of National and Rural Development, Socio-Economic Research Unit and Economic Planning Unit (both under the Prime Minister’s Department) for sixteen years before joining the private sector in 1996.

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.

MR SEAH HENG CHIN

MR SEAH HENG CHIN

Malaysian, Male, Aged 48
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.

DR ABDUL LATIF BIN SHAIKH MOHAMED

DR ABDUL LATIF BIN SHAIKH MOHAMED

Malaysian, Male, Aged 63
Independent Non-Executive Director

Dr Abdul Latif bin Shaikh Mohamed was appointed to the Board on 20 November 2017. He is the Chairman of the Audit Committee and a member of Nomination Committee and Remuneration Committee of YLI Holdings Berhad.

He graduated with a Bachelor of Accounting (Honours) degree from Universiti Kebangsaan Malaysia in 1985, obtained his Master of Accountancy from University of Glasgow, Scotland in 1987 and his Doctor of Philosophy majoring in financial reporting from University of Manchester, England in 1995.

He started his career as an academia from 1985 until late 1999. From 1999 to early 2007, he ran a private consulting company.

From 2001 to 2007, Dr Abdul Latif bin Shaikh Mohamed held position as an independent director in two public listed companies (U-Wood Holdings Berhad and WWE Holdings Bhd) that were involved in property development and design & build of sewage treatment plant. In March 2007, he was redesignated to Executive Director in WWE Holdings Bhd and was subsequently made the Chairman and Managing Director in 2010. He was primarily responsible for the management and operations of WWE Holdings Bhd respectively before his retirement in 2015.

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 all five Board Meetings held in the financial year ended 31 March 2021.

DATUK HJ JALALUDIN BIN HJ IBRAHIM

DATUK HJ JALALUDIN BIN HJ IBRAHIM

Malaysian, Male, Aged 65
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 66
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

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

She started her young career in a private company in manufacturing, trading & customer services industry.

Subsequently, she joined a listed company in oil & gas, shipyard, fabrication, construction, resort, hotel & commercial 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, 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