The Group holds a 100% equity stake in Hypak Sdn Bhd (“Hypak”), with primary business activities of manufacturing and marketing polypropylene packaging bags in Malaysia.
Hypak is a 100% owned subsidiary of the Group. It is an industrial packaging producer and supplier of polypropylene woven bags and laminated bags in Malaysia for products such as fertilisers, sugar, chemicals, flour and feed meal. Hypak owns a 99-year leasehold industrial building in Malacca, Malaysia with a land area of approximately 19,100 square metres.