KUALA LUMPUR: Kulim (Malaysia) Bhd, a subsidiary of Johor Corporation Bhd (JCorp), aims to re-list on the exchange by 2024 after being delisted in 2016.
Managing director Mohd Faris Adli Shukery said this when unveiling its five-year transformation plan to become a leading agribusiness player, in conjunction with its 88th anniversary.
"My goal is for Kulim to strengthen its position as a leading agribusiness player and establish not only a sustainable legacy but also a profitable organisation built on the right beliefs and foundation for the next generation," he said during a media briefing today.
Mohd Faris said one of his first tasks after joining Kulim in October of last year was to streamline the company's strategic direction.
He said the plan includes the divestment of non-core businesses and assets, the dissolution of dormant companies, and the enhancement of the company's organisational structure.
This corporate exercise is expected to be completed by the end of the year.
According to Mohd Faris, Kulim is also venturing into downstream activities that could capture the margin of the entire value chain while expanding into upstream, high-value crops and new growth areas, specifically smart or integrated farming and livestock management.
On earnings, the company registered a growth of 17 per cent to RM1.41 billion in 2020 from RM1.21 billion in 2019, driven by the company's manpower-aided digitalisation programme under the transformation plan.
At the event, Mohd Faris also revealed Kulim's new logo and corporate video as part of its rebranding exercise to portray a strong and more prominent Kulim as part of corporate Malaysia.
The company also launched the #kulim88 and #kulimpeduli campaigns to help those affected by the pandemic.
The campaign targets to assist 1,500 recipients in Malaysia.
Both initiatives collaborate with various foundations such as MyFunAction, Yayasan JCorp and other strategic local Johor agencies.