Listed on Bursa Malaysia with an authorised capital of RM1.0 billion and an enlarged paid-up capital of RM431.4 million.
Via 60% subsidiary, Hydrovest Sdn Bhd, acquired 60% equity interest in Aqua-Flo Sdn Bhd (“Aqua-Flo”) which is involved in the trading of water chemicals and equipment as well as in the provision of technical services for the water, waste and sewage treatment plants.
Launched the Business Transformation Plan, a new growth agenda to ensure business sustainability of the Group.
Acquired 51% stake in Smartpipe Technology Sdn Bhd (“Smartpipe”), an engineering company offering integrated solutions for pipe replacement and rehabilitation to water and other utility companies.
Acquired 60% interest in Kaiserkorp Corporation Sdn Bhd, the holding company of King Koil Licensing Company Inc (“KKLC”), which owns the global King Koil® brand.
Emerged as major shareholder by holding 51% equity stake in Aqua-Flo.
Acquired 71.4% equity stake in Century Bond Bhd (“CBB”), an integrated packaging solutions provider.
Set a new business direction for KKLC’s operations in the United States of America (“the US”) from licensing to direct-to-retail manufacturer.
KPS indirect 60%-owned subsidiary Kyco Industries Inc formed a wholly- owned subsidiary King Koil Manufacturing West LLC (“KKMW”) to undertake the production, sale and distribution of King Koil mattresses and related bedding and sleep products in the US.
Acquired 100% equity stake in CPI (Penang) Sdn Bhd (“CPI”), an integrated plastic injection moulding company.
SPLASH Holdings accepted a takeover offer of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”) by Air Selangor.
Acquired 100% equity stake in Toyoplas Manufacturing (Malaysia) Sdn Bhd, an end-to-end plastic injection moulding solutions provider.
KPS subsidiary, CBB acquired 85% equity stake in Taspack Industrial Sdn Bhd, an end-to-end manufacturer of offset carton boxes and printing of instruction manuals.
KPS subsidiary, Smartpipe formed signed a joint venture agreement with Menteri Besar Kedah Incorporated to provide non-revenue water solutions in Kedah.