Green Ocean Corporation Berhad (“Green Ocean” or the “Group”) is a public limited liability company incorporated and based in Malaysia that has been listed on ACE Market of Bursa Malaysia Securities Berhad since year March 2005.
Green Ocean is an investment holding company, whereas its subsidiaries (“the Group”) are involved in palm kernel crushing, refining of palm oil and palm kernel oil and trading of refined palm oil products, and general trading in bio tech and renewable energy. Over the recent years, the Group has managed to increase its revenue via the trading of refined palm oil products.
In year 2020, the Group has been exploring other business opportunities to diversify the revenue stream by increasing its trading activities to include wider range of oil palm related products and new business segments to minimize the business concentration risks. The Group had via its wholly-owned subsidiary, ACE Green Energy Sdn Bhd entered into a joint venture agreement with NSN Global Resources Sdn Bhd to collaborate on coal trading and handling of coal cargo through a joint venture company.
In view of the increase in demand for personal protective equipment resulted from the outbreak of COVID-19 pandemic, Green Ocean had incorporated G Rubber Sdn. Bhd., a wholly-owned subsidiary with the intention to carry out manufacturing and trading of gloves business.
|