Khpt Holdings Berhad (Malaysia)

The Company is a private limited company incorporated in Malaysia on 20 February 2019.
The Company s principal activity is holding companies. Through subsidiary, the company are principally involved in manufacturing and sale of automotive parts and components, comprising body parts, seat structures and other parts (i.e. engine parts and absorber parts).
1995 - KHEI commenced business operations in the manufacturing and sales of automotive absorber parts to Tier 1 Suppliers/Manufacturers, namely Proton and Perodua. Under this arrangement, the company serve a role of Tier 2 Supplier/Manufacturer where our absorber parts are sold to Tier 1 Suppliers/Manufacturers for further processing and assembly with other parts and components prior to be supplied to local automotive manufacturers for assembly of new automotive vehicles in production market, and/or to replacement market for use as spare parts.
This first sale of automotive absorber parts was secured from Customer Group A, an automotive part and component manufacturer and assembler, who is also a Tier 1 Supplier/Manufacturer of Proton and Perodua. Customer Group A has remained as our major customer in the Financial Periods Under Review. The manufacturing operations were carried out from a factory located in Kuala Langat, Selangor (“Kuala Langat factory”), with a built-up area of approximately 2,768.51 sq m, which was owned by See Ming Hoi at that time.
The manufacturing operations were carried out from a factory located in Kuala Langat, Selangor (“Kuala Langat factory”), with a built-up area of approximately 2,768.51 sq m, which was owned by See Ming Hoi at that time.
1996 - Kah Hong Precision Tooling Sdn Bhd (now known as AGSB) was incorporated by 2 founding shareholders, namely See Ming Hoi and Tiu Kuang Hong. AGSB was founded with the intention of venturing into the manufacturing and sale of commercial lighting metal components. AGSB remained dormant until 1998.
1998 - AGSB commenced business in the manufacturing of commercial lighting metal components for the commercial lighting industry. The manufacturing operations were carried out from the Kuala Langat factory.
2001 - The company expanded product offerings to include the manufacturing and sale of automotive seat structural parts, under AGSB. The company secured first sale of automotive seat structural parts from Customer Group A. This was AGSB's first engagement in the manufacturing and sale of automotive parts. Subsequent to this, all new sales engagements by customers and our business expansions in relation to the manufacturing and sale of automotive parts and components have been handled by AGSB, while the manufacturing operations under KHEI for existing sales engagements had remained with KHEI until 2018 when all operations under KHEI were transferred to AGSB.
2003 - See Ming Hoi's daughter, Datin Eloise, who is presently the company Group Managing Director, joined Group as Business Development Executive. The company expanded service offerings when the company invested in robotic welding machines to offer sub-assembly services. With this service expansion, the company began performing welding of seat structural parts manufactured in-house to form seat structures, to be supplied to customers as automotive seat components. Prior to this, all seat structural parts manufactured in-house were supplied to customers as individual parts. AGSB received the ISO 9001:2000 quality management system for the manufacturing of stamped metal parts.
2007 - The company relocated business operations to a larger premises at TPG Factory, with a built-up area of approximately 16,312.87 sq m. It was initially a rented property and was later acquired in 2018. This premises has since become our headquarters and factory.
2008 - The company expanded product offerings to include the manufacturing and sale of an automotive engine part, namely drive plates. The company secured our first sale from Sapura Machining Corporation Sdn Bhd, a manufacturer of automotive components and a Tier 1 Supplier/Manufacturer of Proton and Perodua, who remained the company major customer in the FYEs 2021 and 2023. The company ceased the manufacturing of commercial lighting products to focus on our core operations in the automotive industry.
2009 - The company further expanded product offerings to include the manufacturing and sale of automotive body parts such as rear frames as well as reinforcement C pillars and panels. The company secured first sale of automotive body parts from Autokeen Sdn Bhd, an automotive components manufacturer and sub-assembler as well as a Tier 1 Supplier/Manufacturer of Proton and Perodua. Autokeen Sdn Bhd has remained major customer in the Financial Periods Under Review. AGSB received the ISO 9001:2008 quality management system for the manufacturing of stamped metal parts, which is the revised version of ISO 9001:2000.
2010 - 2015 - Throughout the years, the company continuously expanded our product offerings under the segment of automotive body parts to include other body parts such as fuel tanks, box fuel inlets and heat protectors. However, the aforementioned automotive body parts are no longer in production due to cessation of such offerings to optimise our return, or discontinuity of the respective automotive models in the market. Notwithstanding this, throughout the years, the company have continued to secure orders for other automotive body parts. During the period, the company also focused on expanding our manufacturing capacity, strengthening relationships with customers and suppliers as well as improving and enhancing internal management and operational processes.
2016 - The company were appointed to manufacture and supply automotive body parts directly to Perodua in the form of blanked pieces, where these blanked pieces were used by Perodua for further stamping to form body parts for the assembly of Bezza model. This marked first appointment as Tier 1 Supplier/Manufacturer of Perodua. AGSB obtained the ISO/TS 16949:2009 quality management systems for automotive production and relevant service part organisations, under the scope of the manufacturing of metal stamp parts and sub-assembly of metal components, which was in conjunction with ISO 9001:2008. The ‘metal stamp parts' under the scope of this certificate is the same as the ‘stamped metal parts' under the scope of ISO 9001:2000 and ISO 9001:2008 certificates received in 2003 and 2008 respectively, as our principal activities in the manufacturing of automotive part and components has remained the same over the years.
2017 - AGSB won the Golden Bull Award 2017 for Outstanding SMEs at the 11th Malaysia Outstanding SMEs Award organised by Business Media International Sdn Bhd and Sphere Exhibits Malaysia Sdn Bhd.
2018 - AGSB obtained the IATF 16949:2016 quality management systems for automotive production and relevant service part organisations under the scope of the manufacturing of metal stamp parts and sub-assembly of metal components. Our operations under KHEI were transferred to AGSB to streamline and consolidate all our business operations under 1 entity. Since then, KHEI has ceased operations in relation to the manufacturing of automotive parts and components and began its business in the supply of labour services. Subsequently in 2023, KHEI ceased its business in the supply of labour services and is dormant as at the LPD.
2020 - The company were appointed to manufacture and supply automotive body parts to Proton directly for the assembly of Iriz model. This marked first appointment as Tier 1 Supplier/Manufacturer of Proton.
2023 - The company subsidiary, previously known as Kah Hong Precision Tooling Sdn Bhd underwent a name change and is presently known as AGSB.
2024 - AGSB was awarded the Proton Best Supplier Quality Score Card (SQSC) Performance Quarter 1 2024, showcasing our Group's dedication to upholding performance in terms of product quality and timely delivery.
On 8 January 2024, KHPT Holdings Berhad (KHPT) acquired 250,000 ordinary shares of AGSB, representing 100 of the total issued share capital of AGSB by the issuance of 293,742,111 new ordinary shares at RM0.108 per share amounting to RM31,724,148. Subsequently on 7 February 2024, AGSB became a wholly owned subsidiary of KHPT. On 4 July 2024, the Company obtained conditional approval from Bursa Securities for its Listing on the ACE Market of Bursa Securities.