Vanzo Holdings Berhad (Malaysia)

The principal activity of the Company is investment holding.
2018 - Vanzo Asia was incorporated and commenced operations at a small office unit in Ara Damansara, Selangor measuring approximately 1,800 sq ft. The company began to design, market and sell jar fragrance products and car air-conditioner vent clip fragrance products. The company launched first 2 product series, the LX Dashboard Gel series, which is a series of jar fragrance products, and the Mini'ature series, which is a series of car air-conditioner vent-clip fragrance products. first scent that co-formulated and launched was “Secret Musk”. The company also launched scents sourced from our outsourced manufacturer in the same year.
2019 - The company moved to a larger premise in Sunway Damansara, Selangor measuring approximately 6,000 sq ft to cater for business expansion. The company began to sell to customers based in Brunei when secured first order products from a distributor based in Brunei. The company launched own online marketplace and began to sell to consumers.
2020 - The company expanded product range to include reed diffusers and refills when launched the Duo series in the same year. The company co-formulated and launched a new scent, i.e. “Classic Blossom . The company began to market and sell products through e-commerce marketplaces “Shopee” and “Lazada”. The company began to sell to customers based in Australia when secured an order from a consumer through online marketplace. The company relocated to a new headquarters cum warehouse in Kota Damansara, Selangor measuring approximately 12,000 sq ft to cater for business expansion and streamline storage and distribution processes at a single location.
2021 - The company extended products range to include fragrance infused face masks and hand sanitizer. The company collaborated with Bergamot Sdn Bhd to market and sell fragrance infused face masks under the “Vanscent” brand. The company extended range of products to include ultrasonic diffusers and essential oils when launched the Negative Ion Aroma Diffuser series. The company also conceptualised and launched a new product series under jar fragrance product range, namely the Gentleman and Goddess series. The company co-formulated and launched new scents, namely “Dawn Forest”, “Dreamy Land” and “V-suite” for our essential oils, as well as “Black Code” and “White Musk and Rose” and also launched a new scent, namely “Lavender”, which was sourced from outsourced manufacturer.
2022 - The company expanded product range to include scented candles which named as the Natural Scented Candle series. The company also conceptualised and launched the Mini Vent Perfume series, a series of car air-conditioner vent-clip fragrance products. The company launched scents sourced from outsourced manufacturer in the same year, i.e. “Berry Baies”, “Cool Ice” and “Flora Blossom”. The company expanded sales channels when we set up first retail kiosk in Mid Valley Megamall, Kuala Lumpur and subsequently the second retail kiosk in 1 Utama Shopping Centre, Selangor. In line with the growth of our business, the company relocated to a larger headquarters cum warehouse in Kampung Baru Subang, Shah Alam, Selangor measuring approximately 48,000 sq ft.
2023 - The company expanded product range to include bathroom air fresheners and launched 2-in-1 Bathroom Air Freshener series. In February 2023, the company signed a licence agreement with The Walt Disney Company (Malaysia) Sdn Bhd to market and sell Marvel Car Vent Perfume and Refill series between 1 March 2023 and 30 September 2025. In August 2023, the company signed another licence agreement with The Walt Disney Company (Malaysia) Sdn Bhd to market and sell Disney Tsum Tsum Car Vent Perfume series between 1 September 2023 and 31 March 2026. The company co-formulated and launched new scents, i.e. “Fruity Freesia” and “Citrus Verbena”. In the same year, the company also launched a new scent, “White Musk”, which was sourced from outsourced manufacturer. The company also conceptualised and launched a new product series for reed diffusers named as the Reed Diffuser series. The company set up third retail kiosk in Sunway Pyramid Mall, Selangor. Thereafter, the company set up fourth retail kiosk in Pavilion Kuala Lumpur. Subsequently, the company set up fifth retail kiosk in IOI City Mall, Putrajaya.
2024 - The company commenced operations at our new headquarters cum warehouse in Bukit Jelutong, Shah Alam, Selangor, with built-up area of 40,878 sq ft. The relocation to new headquarters cum warehouse was due to better surrounding infrastructure and better access to highways, thus improving accessibility to headquarters cum warehouse and enhancing our corporate profile. The company extended product range to include laundry care products which consist of fragranced laundry detergent capsules and softeners. The company co-formulated and launched new scents, i.e. “Cloud Mist Tea Essence”, “Floral Radiance” and “Blooming Jasmine”. The company also launched new scents, namely “Tropicana Berry”, “Amberwood Aura” and “Peony Ylang”, which was sourced from our outsourced manufacturer. In July 2024, we signed a licence agreement with Warner Bros. Consumer Products Inc to market and sell our Batmobile 1989 Car Fragrance series between
1 May 2024 and 31 December 2026. The company set up sixth retail kiosk in Vivacity Megamall, Kuching, Sarawak.
On 12 June 2024, Vanzo Holdings Berhad had entered into a conditional share sale agreement with Wong Liang Tzer, Tan Chin Soon, Tang, YuQiang and Lim Chee Lip to acquire the entire issued share capital of Vanzo Asia comprising 500,000 ordinary shares for a total purchase consideration of RM9,148,300 based on audited net assets of Vanzo Asia of RM9,148,302 as at 30 September 2023.
The total purchase consideration is to be satisfied via the issuance of 373,400,000 new ordinary shares at an issue price of RM0.0245 per share where Wong Liang Tzer, Tan Chin Soon and Tang, YuQiang had nominated Fragrance Century Sdn. Bhd. to receive the shares to be issued to them.
On 4 October 2024, the shares were allotted to Fragrance Century Sdn. Bhd. and Lim Chee Lip. The submission of above transaction was completed and approved by Suruhanjaya Syarikat Malaysia on 11 October 2024.
On 9 September 2024, Vanzo Asia had declared an interim single-tier dividend of RM0.80 per ordinary share totalling RM400,000 in respect of the financial year ended 30 September 2024. The dividend was subsequently paid on 18 September 2024 and 15 October 2024 respectively.