Tiong Nam Logistics Holdings Berhad 8397.KL Stock

Tiong Nam Logistics Holdings Berhad, an investment holding company, provides logistics and warehousing services in Malaysia. The company operates through four segments: Logistics and Warehousing Services; Investment; Property Development; and Hotel and Dormitory. It offers haulage and transportation services for various goods through a fleet of haulage trucks, prime movers, car carriers, and trailers; customs brokerage services, such as cargo classification, insurance cover, duty rates, and regional customer competence with customized EDI invoice submission; last mile delivery services; and operates material handling equipment, such as forklifts and reach trucks to facilitate warehouse operations. The company also operates public bonded and free trade zone warehouses, as well as cold rooms; and provides support services for the procurement of re-export and trans-shipment permits. In addition, it provides heavy-duty cargo and machinery transportation services; and courier services, as well as develops commercial, industrial, and residential properties; and freight forwarding services. Further, the company is involved in the provision of property investment and letting, courier transport, administrative and commission agency, and hostel management and related services, as well as general sales agency services for air, land, and sea logistics activities; trucks leasing activities; trading of diesel and petrol; trading and distribution of food groceries; storage and management of empty containers; and operation of a hotel and tuition center. As of March 31, 2022, it operated approximately 95 warehouses and distribution centers with a total capacity of 6.8 million square feet. The company also operates a fleet of 3,044 transportation vehicles, comprising prime movers, container trailers, box and refrigerated trucks, lorry cranes, low-loader, delivery vans, and others. The company was founded in 1975 and is headquartered in Johor Bahru, Malaysia.