Yoong Onn Corporation Berhad (5159.KL)

2.4500 +0.0100 (+0.41%) At close: 04:50PM MYT

Yoong Onn Corporation Berhad

Jalan Permata 2
Lot No. PT 16690 - 16692 Arab-Malaysian Industrial Park
Nilai 71800
Malaysia
60 6 799 6012
https://www.yoongonn.com

Sector(s): Consumer Cyclical
Industry: Textile Manufacturing
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Hon Foong Chew	MD, Group CEO & Executive Director	817.88k	N/A	1959
Mr. Peng Tan	Chief Financial Officer	N/A	N/A	1960
Mr. Hon Keong Chew	Group COO & Executive Director	702.88k	N/A	1960
Mr. Kien Keong Sun	Head of Sales, Marketing & Operations	N/A	N/A	1961
Mr. Hon Yoong Chew	Head of Production	N/A	N/A	1957
Ms. Yen Hoon Lau	Company Secretary	N/A	N/A	N/A
Shu Ning Liew	Joint Company Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in MYR.

Description

Yoong Onn Corporation Berhad, an investment holding company, designs, manufactures, distributes, and retails home linen, bedding accessories, and homewares in Malaysia. The company operates through three segments: Manufacturing, Distribution and Trading, and Retailing. It offers bed and bath linen products; bed, bath, living room, and kitchen accessories; rugs, carpets, and floor mats; and lifestyle furniture and other homeware products. The company markets and sells its products under the brand names, such as Diana, Novelle, Jean Perry, Louis Casa, Genova, Red Danielle, Cotonsoft, Niki Cains, Oasis, Ann Taylor, Sarah Miller, etc. It serves third party retailers, such as departmental stores, hypermarkets, supermarkets, and specialty stores; institutions, including hotels, resorts, hostels, hospitals, royal customs and military accommodations, and cruise ships; intermediaries, such as distributors and importers; and e-commerce platform companies on online shopping. The company operated through owned Home's Harmony retail boutique outlets; Niki Cains Homes home fashion stores; home outlet; and consignment counters at the department stores, specialty stores, supermarkets, and hypermarkets, as well as supplies products to hotels, clubs, resorts, hospitals, etc. through authorized agents. It also exports its products to Australia, Brunei, Cambodia, Dubai, Fiji, Indonesia, Japan, Mozambique, Myanmar, New Caledonia, Nigeria, Papua New Guinea, the Philippines, Singapore, Taiwan, Thailand, Turkey, and Vietnam. The company was founded in 1966 and is headquartered in Nilai, Malaysia. Yoong Onn Corporation Berhad is a subsidiary of Casatex Cosmo Sdn. Bhd.

Corporate governance

Yoong Onn Corporation Berhad’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.