Tp Tec Holding Berhad (Malaysia)

The Company is a private limited liability company, incorporated and domiciled in Malaysia.
The Company s principal activities are investment holding and the provision of management services.
2009 - Incorporation of Tang Power and commenced distribution of power generators in a rented property located at One Puchong Business Park, Puchong, Selangor Darul Ehsan.
2012 - Tang Power changed its name to TP Power and diversified into the rental of power generators. Secured first sale of 72 diesel power generators to a power systems supplier for a total contract value of RM1.64 million and secured maiden rental of diesel power generators to the construction industry.
2013 - Relocated to Taman Perindustrian Subang, Subang Jaya, Selangor Darul Ehsan
2014 - Acquired Puchong Facility and began renting out tower lights.
2016 - Began renting out air compressors, bar benders and bar cutters.
2017 - Relocated operations to Puchong Facility and began renting out screed pumps and sludge pumps.
2018 - Acquired Puchong Warehouse and began renting out compactor rollers and welding equipment. ISO 9001:2015 certified.
2019 - Incorporation of TP Parts and was appointed as an authorised distributor for engine aftermarket products by Donaldson Filtration.
2021 - Secured first power generator rental contract for the telecommunications industry with Customer A for a contract value of RM19.72 million for a five year period.
2023 - Acquisition of the Dengkil Land for the Group's new facility and corporate headquarters.
2024 - Disposal of Puchong Warehouse.
To faciliate the Company s proposed listing on the LEAP Market of Bursa Malaysia Securities Berhad, the following reorganisaton was undertakane by the Company subsequent to the financial year:
a) On 22nd April 224, the existing shareholders of TP Power (M) Sdn. Bhd. disposed of 620,000 ordinary shares at a price of approximately RM2.82 per ordinary share.
b) On 3rd May 2024, TP Power (M) Sdn. Bhd. issued 275,600 irredeemable convertible preference shares to ICPS subscriber for a cash consideration totaling RM900,000. The TP Power (M) Sdn. Bhd. ICPS were fully converted into 275,600 ordinary shares of TP Power (M) Sdn. Bhd. on 30th June 2024.
c) On 3rd May 2024, TP Parts Sdn. Bhd., issued 66,700 ICPS to ICPS subscribers for a cash consideration totaling RM100,000. TP Parts Sdn. Bhd. ICPS were fully converted into 66,700 ordinary shares of TP Parts Sdn. Bhd. on 30th June 2024.
d) On 29th July 2024, the Company entered into a Share Sale Agreement in respect of the acquisition of the entire issued share capital of TP Power (M) Sdn. Bhd..
e) On 29th July 2024, the Company entered into a Share Sale Agreement in respect of the acquisition of the entire issued share capital of TP Parts Sdn. Bhd...