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SKP
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SKP, Syarikat Sin Kwang Plastic Industries Sdn. Bhd (18591-D) was incorporated in Malaysia under the Companies Act, 1965 on 19 June 1974. SKP is a wholly-owned subsidiary of SKP Resources Bhd. The principal activities of SKP are the manufacturing of plastic parts and components, sub-assembly and other secondary processes.

Initially, SKP was involved in property holding. Subsequenly in 1994, Dato' Gan Kim Huat, MCM (Malaysian Central Depository Sdn Bhd 165570-W) and Delima Kristal Sdn. Bhd. used SKP as the joint-venture vehicle to establish the manufacturing of plastic injection products. Subsequently, Delima Kristal Sdn Bhd sold its 33% stake in SKP to MCM. In 1997, MCM reduced its shareholding in SKP from 66% to 46% by selling 20% of its shares in SKP to Gan Poh San.

SKP has since established itself as a manufacturer of plastic injection moulded parts and components for the electronic and electrical products industry in the local market, especially among the multi-national corporations in Malaysia. Since 1994, SKP has manufactured products for several multi-national corporations, including Pioneer, Sharp-Roxy and Fujitsu. In general, multi-national corporations are very quality conscious and have stringent quality requirements. As a result of SKP's ability to meet the expectations and requirements of the said multi-national corporations, SKP has received repeat orders from the multi-national corporations which the Directors of SKP expect to last in the future.

(Source: SKP Resources Bhd Prospectus December 2002)


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