Northeast Group Berhad (Malaysia)

The Company was incorporated in Malaysia under the Companies Act 2016 on 18 July 2022 as a private limited liability company.
The Company s principal activity is an investment holding company. Through subsidiaries, the company are principally involved in the manufacturing of precision engineering components used in the photonics, E E, semiconductor, telecommunication and optoelectronics industries.
2004 - Northeast Precision was incorporated on 30 June 2004 by Executive Director, Chong Ewe Hean, along with another shareholder, Ng Meng Hang. The company commenced business operations at a shoplot in Bukit Tengah, Pulau Pinang, in the manufacturing of precision engineering components. The company started manufacturing and supplying precision engineering components for the telecommunication industry by securing sales from TEMEX Microwave, a customer in the Philippines, which is involved in the manufacturing of radio frequency related components.
2005 - The company grew customer base in the telecommunication industry and expanded export market to the UK and USA by securing sales from Filtronic Broadband Ltd (a manufacturer of electronic components that transmit, receive and condition radio waves) and M2 Global Technology Ltd (a supplier of microwave products and precision manufactured products and services), respectively.
2006 - NE Technologies was incorporated on 15 August 2006 by Managing Director, Ng Chay Chin, Executive Director, Chong Ewe Hean along with another shareholder, Ng Meng Hang. As our service offerings improved, the company expanded customer industry portfolio to include the photonics industry when the company secured sales from Customer A group of companies, a group of companies which are mainly involved in the development, manufacturing and sale of photonics components such as fibre lasers, fibre amplifiers and diode lasers. Customer A group of companies remain as top major customer in the Financial Years Under Review and FPE 2024. The company further widened global reach by securing orders from first customer in Thailand, namely Aerotek Co., Ltd, a manufacturer of telecommunication components.
2007 - The company expanded manufacturing capabilities to include surface finishing by providing plating services to complement the manufacturing of precision engineering components.
2008 - The company acquired a piece of land measuring approximately 58,329.63 sq ft in Kawasan Perindustrian Juru, Pulau Pinang, with the intention of constructing Factory 1 to expand operations. With experience in the manufacturing of precision engineering components for the telecommunication and photonics industries, the company began serving the semiconductor industry by securing orders from Incavo Pte Ltd, a company based in Singapore which is involved in the manufacturing of semiconductor test components and systems. This also marked the expansion of our export market to Singapore. NE Technologies commenced business operations at another rented shoplot in Bukit Tengah, Pulau Pinang, in the manufacturing of precision engineering components.
2009 - NE Components was incorporated on 9 July 2009 by Managing Director, Ng Chay Chin, Senior Operations Director, Ng Chai Hee, and Senior Business Sales Director, Yin Thien Hee. NE Components commenced business operations at another rented shoplot in Bukit Tengah, Pulau Pinang, in the manufacturing of precision engineering components. Customer industry portfolio continued to expand when the company secured sales from an optoelectronics industry player based in the USA, which is involved in the manufacturing of glass-to-metal seals for connectors, terminals and headers.
2011 - The company leveraged on industry experience gained along the years and further broadened customer industry portfolio when the company secured sales from an E E industry player, namely Customer D, a company based in Thailand which is involved in the provision of precision optical, electro-mechanical and electronics manufacturing services, original equipment manufacturers of optical communication components, modules and subsystems, industrial lasers and sensors. The construction of Factory 1 with a total built-up area of approximately 21,603.17 sq ft was completed.
2012 - NE Integrated was incorporated on 9 February 2012 by our Managing Director, Ng Chay Chin, and our Executive Director, Chong Ewe Hean. In early 2012, the company moved our entire operations from the shoplots in Bukit
Tengah, Pulau Pinang to Factory 1.
2014 - The company acquired a single storey semi-detached factory with 2 storey office with a total built-up area of approximately 6,555 sq ft, bearing the assessment address of No. 117 Lorong IKS Juru 5, Taman Industri Ringan Juru, 14100 Simpang Ampat, Pulau Pinang (“Lot 117”) to expand production floor space as business continued to grow. NE Integrated commenced business operations at Lot 117 in the manufacturing of precision engineering components. The company also acquired Lot 20449 with a total built-up area of approximately 5,627 sq ft to expand production floor space.
2015 - Acquired a single storey semi-detached factory with 2 storey office with a total built-up area of approximately 6,555 sq ft, bearing the assessment address of No. 119, Lorong IKS Juru 5, Taman Industri Ringan Juru, 14100
Simpang Ampat, Pulau Pinang (“Lot 119”) to expand production floor space as business continued to grow. NE Solutions was incorporated on 11 May 2015 by Managing Director, Ng Chay Chin and Executive Director, Chong Ewe Hean, along with another shareholder, Ng Meng Hang. NE Solutions commenced business operations at Lot 119 in the manufacturing of precision engineering components. The company expanded manufacturing capabilities to include another valueadded service, namely sheet metal fabrication, where fabricated sheet metal are used as enclosures for our precision engineering components. The company received first ISO 9001:2008 Quality Management System certification, which was awarded to NE Integrated, for the scope of manufacturing of mechanical components for telecommunication, electronics, aerospace and automotive industries.
2016 - The company received ISO 9001:2008 Quality Management System certification awarded to Northeast Precision, NE Components and NE Technologies for the scope of manufacturing and assembly of mechanical components for telecommunication, electronics, aerospace and automotive industries.
2017 - The company acquired a piece of land together with a double-storey factory with a total built-up area of approximately 42,584.18 sq ft in Taman Perindustrian Bukit Minyak, Pulau Pinang to set up Factory 2 as business continued to grow.
2018 - The company acquired a piece of land together with a single-storey detached warehouse annexed with a single-storey open-sided detached factory, single-storey lab, single-storey office block and other ancillary buildings with
a total built-up area of approximately 94,235.13 sq ft in Taman IKS Bukit Minyak, Pulau Pinang, to set up Factory 3 as business grew further.
2021 - The renovation of Factory 2 with a total built-up area of approximately 74,788.19 sq ft was completed.
2022 - The renovation of Factory 3 with a total built-up area of approximately 89,646.00 sq ft was completed. The company completed the disposals of Lot 117 and Lot 119. Following which, the production activities and machinery in Lot 117 and Lot 119 were relocated to Factory 3, whereas the sheet metal fabrication operations in Lot 119 were relocated to Lot 20449 temporarily. The company had 266 units of CNC machines that were used for manufacturing activities as at 30 September 2022. In December 2022, we ceased our operations in Lot 20449 and our sheet metal fabrication operations in Lot 20449 were subsequently relocated to Factory.
2023 - As part of expansion plans, the company acquired Lot 1143 with the intention to construct the New Factory.
On 27 December 2023, the issued and fully paid-up capital of Northeast Group Sdn Bhd (“Northeast”) was increased from RM2 to RM1,000 by way of issuance of 998 new ordinary shares at RM1 each by way of cash. On 10 January 2024, the Company converted its legal form from a private limited liability company to a public limited liability company and assumed its current name, Northeast Group Berhad.
Northeast acquired the entire issued share capital of NE Components Sdn Bhd (“NE Components”) comprising of 500,000 ordinary shares from the vendors for a purchase consideration of RM31,630,700 which was satisfied via the issuance of 126,522,800 new ordinary shares of Northeast (“Northeast Shares”) to the vendors at an issue price of RM0.25 per share. The acquisition was completed on 5 January 2024. Following this, Northeast regards NE Components as its wholly-owned subsidiary.
Northeast acquired the entire issued share capital of NE Integrated Sdn Bhd (“NE Integrated”) comprising of 1,000,000 ordinary shares from the vendors for a purchase consideration of RM19,602,900 which was satisfied via the issuance of 78,411,600 new Northeast Shares to the vendors at an issue price of RM0.25 per share. The acquisition was completed on 5 January 2024. Following this, Northeast regards NE Integrated as its wholly-owned subsidiary.
Northeast acquired the entire issued share capital of NE Solutions Sdn Bhd (“NE Solutions”) comprising of 50,000 ordinary shares from the vendors for a purchase consideration of RM2,468,100 which was satisfied via the issuance of 9,872,400 new Northeast Shares to the vendors at an issue price of RM0.25 per share. The acquisition was completed on 5 January 2024. Following this, Northeast regards NE Solutions as its wholly-owned subsidiary.
Northeast acquired the entire issued share capital of NE Technologies Sdn Bhd (“NE Technologies”) comprising of 150,000 ordinary shares from the vendors for a purchase consideration of RM15,121,500 which was satisfied via the issuance of 60,486,000 new Northeast Shares to the vendors at an issue price of RM0.25 per share. The acquisition was completed on 5 January 2024. Following this, Northeast regards NE Technologies as its wholly-owned subsidiary.
Northeast acquired the entire issued share capital of Northeast Precision Sdn Bhd (“Northeast Precision”) comprising of 1,500,000 ordinary shares from the vendors for a purchase consideration of RM73,929,300 which was satisfied via the issuance of 295,717,200 new Northeast Shares to the vendors at an issue price of RM0.25 per share. The acquisition was completed on 5 January 2024. Following this, Northeast regards Northeast Precision as its wholly-owned subsidiary.
On 13 March 2024, NE Components has entered into a Sale and Purchase Agreement (“SPA”) to acquire a freehold property held under GM 889, Lot 1144, Mukim 14, Daerah Seberang Perai Tengah, Negeri Pulau Pinang for a total consideration of RM10,869,760. A deposit of RM1,086,976 was paid upon execution of the SPA. NE Components had fully drawn down the banking facility of RM9,239,000 to finance the purchase of freehold property, while the remaining of RM543,784 was settled in cash. The acquisition was completed on 1 August 2024.