The Company started as a stockbroking firm in 1976 under the name of Chew & Teo. Subsequently the firm’s name was converted to Seremban Securities Sdn Bhd (SSSB) in 1987 and thereon officially recognized as a Member Company of The Kuala Lumpur Stock Exchange (KLSE) (now known as Bursa Malaysia). Apart from trading in securities, SSSB also offered other related services such as underwriting, share registration and nominee services. The Company was listed on the Main Board of The KLSE on 12 December 1990 with an authorized capital of RM50 million and a paid up of RM25 million. In September 1995, the Company increased its authorized capital to RM200 million and paid up to RM62.5 million. In 1996, the paid up capital was further increased to RM75 million. At about the same time, SSSB’s name was changed to Malpac Securities Sdn Bhd and with the increase in working capital, the Company had ventured into other businesses like money lending, venture capital and share financing through its subsidiary companies namely Malpac Capital Sdn Bhd and Malpac Venture Capital Sdn Bhd. As a result of changing landscape in the stockbroking industry, the Board decided to dispose of its stockbroking business to PM Securities Sdn Bhd. The deal was completed on 15 September 2001. Subsequent to the sale of stockbroking license, the Group acquired a 5,000-acre oil palm plantation in Teluk Intan, Perak together with a 60-ton per hour palm oil mill situated thereon, and a 6.74-hectare vacant commercial land and 178 bungalow lots in Johor Bahru, Johor. The total values of the above assets were about RM93.2 million then. The Group’s principal activities are currently in cultivation of oil palm and milling of palm oil, investments in marketable securities, investment in properties and money lending. The Group’s income is currently derived principally from the oil palm plantation and the returns from short-term investments and fixed deposits.