Heng Hup Holdings Limited

Heng Hup Holdings Limited is a Malaysia-based scrap ferrous metal trader. The Company and its subsidiaries are principally engaged in trading of scrap ferrous metals, used batteries, waste paper and other scraps. It operates in a single segment which is trading of recycling materials. The Company's scrapyard sales business includes the purchase of scrap ferrous metals from various sources and process them at its scrapyard to the required specification and sells them to its steel mill customers. Its direct delivery sales business includes the purchase of processed scrap ferrous metals from external third-party scrapyards (suppliers who are not approved scrap metal providers of the steel mills) and sells them to customers without processing. It also operates three scrapyards with an aggregate land area of approximately 51,000 square meters, equipped with the processing machinery for ferrous metals. The Company has its scrapyards located in the states of Melaka, Selangor and Johor.