Rex ceases to be substantial shareholder of Hwa Tai

June 17, 2020

Rex Industry Berhad is a leading manufacturer and exporter of halal canned products, frozen food and beverages in Malaysia. Rex is its established trademark. The company has operations in Indonesia through PT Rex Canning, a manufacturer of canned processed seafood principally for export to the USA and European Union. The company is listed on the Main Board of Bursa Malaysia. The Group registered a turnover of RM136.61 million for its financial year ended 30 June 2019 and a pre-tax loss of RM14.3million. Rex Industry was a substantial shareholder (5.61%) in listed biscuit manufacturer, Hwa Tai Industries Berhad (31 March 2019) until it disposed of its shares in January 2020 and filed notification of cessation to be a substantial shareholder.

The controlling shareholder of Rex Industry Berhad is Daiman Taipan Sdn Bhd with a stake of 22.61% as at 4 October 2019. Darmendran Kunaretnam, the Group Managing Director, and Chee Cheng Chun (Director of Rex Industry Berhad) are deemed interested in Daiman Taipan. 


Read more:

  1. Rex Industry Berhad. Our History and our business.  Annual report 2019.
  2. Substantial Shareholders. Rex Industry Berhad. Annual Report 2019.
  3. Who we are. Board of Directors. Rex.
  4. Rex Industry Berhad.