Mercury Securities Group Berhad (Malaysia)

The Company was incorporated on 18 May 2021.
The Company s principal activity is investment holding company.
1984 - The Company was incorporated in 1984 under the name of Seberang Securities Sdn Bhd, where its directors and shareholders were Haji Mat Zuki Bin Mahmud and Oon Chong Kheh. Seberang Securities Sdn Bhd was involved in stockbroking operations.
1992 - Our Managing Director, Chew Sing Guan, joined our Group when he obtained 35.00 equity interests in Mercury Securities through acquisition of the entire equity interests held in Mercury Securities by Haji Mat Zuki Bin Mahmud amounting to 2,100,000 ordinary shares and Oon Chong Kheh amounting to 900,000 ordinary shares in Mercury Securities, as well as subscription of 4,000,000 new ordinary shares in Mercury Securities. The remaining 65.00 were owned by 3 individual shareholders, namely YM. Raja Abdul Malik Bin Raja Dato Ahmad Tajudin through 5,800,000 ordinary shares (29.00 ), Ahmad Kamal Bin Othman through 2,000,000 ordinary shares (10.00 ) and Aziz Bin Mustapha through 5,200,000 ordinary shares (26.00 ) via the subscription of 13,000,000 new ordinary shares in Mercury Securities. Mercury Securities assumed its current name following the acquisition by Chew Sing Guan
1994 - The company started to offer margin financing facility services, where we extended credit facilities to our stockbroking clients to fund their purchase of quoted securities. Haji Mat Zuki Bin Mahmud acquired 4,800,000 ordinary shares in Mercury Securities from YM. Raja Abdul Malik Bin Raja Dato Ahmad Tajudin, representing 24.00 equity interests in Mercury Securities. Following from the acquisition, Haji Mat Zuki Bin Mahmud and YM. Raja Abdul Malik Bin Raja Dato Ahmad Tajudin owned 4,800,000 and 1,000,000 ordinary shares in Mercury Securities, respectively
1995 - Chew Sing Guan increased his equity interests in the company to 45.00 through an acquisition of 2,000,000 ordinary shares in the company from Aziz Bin Mustapha. Haji Mat Zuki Bin Mahmud also increased his equity interests to 45.00 through acquisition of 1,200,000 ordinary shares from Aziz Bin Mustapha, 1,000,000 ordinary shares from YM. Raja Abdul Malik Bin Raja Dato Ahmad Tajudin and 2,000,000 ordinary shares from Ahmad Kamal Bin Othman. Haji Shuaib Bin Haji Lazim emerged as a shareholder of Mercury Securities through acquisition of 2,000,000 ordinary shares from Aziz Bin Mustapha. Mercsec Asing and Mercsec Tempatan assumed their current names and commenced operations as providers of nominee and custodian services.
1997 - Mercsec Asing and Mercsec Tempatan became the wholly-owned subsidiaries of Mercury Securities following the acquisitions by Mercury Securities of the entire equity interests in Mercsec Asing and Mercsec Tempatan from Chew Sing Guan and See Geok Heoh.
2003 - Haji Mat Zuki Bin Mahmud disposed his entire equity interests of 9,000,000 ordinary shares in Mercury Securities to Enrogetz (45.00 ). Enrogetz was then held by Faizal Bin Mat Zuki and Haji Mat Zuki Bin Mahmud. Mercury Securities acquired the CMSL of PTB Securities Sdn Bhd, a licenced stockbroking company, for dealing in securities and stockbroking business in line with the SC's direction to consolidate the stockbroking industry under its Capital Market Masterplan 1 and became a 1+1 broker. As a 1+1 broker, Mercury Securities is permitted by the SC to establish branches.
2004 - Mercury Securities became a Participating Organisation of Bursa Securities following the demutualisation of Kuala Lumpur Stock Exchange. We embarked on an expansion plan by opening our 1st branch office, the KL Branch.
2005 to 2007 - We continued to expand and opened other branch offices in the Southern region of Peninsular Malaysia, i.e., Melaka Branch in 2005 and Johor Branch in 2007. In 2007, we also expanded our existing coverage in Pulau Pinang by opening a new branch office, the Lebuh Pantai Branch.
2008 - The company executed our 1st cross border trading through our appointed agent, Phillip Securities Pte Ltd, a stockbroking company based in Singapore.
2009 - Mercury Securities launched an online trading platform, “Mercury StraightThru” which enables our clients to perform trading activities online, monitor the stock market and related news as well as maintain a record of their portfolio of securities
2011 - Mercury Securities developed a mobile application for our online trading platform which is available on Android and iOS devices.We expanded to East Malaysia by opening Sarawak Branch.
2012 - Mercury Securities commenced proprietary trading of securities listed on Bursa Securities.
2013 - Mercury Securities obtained the CMSL to carry out regulated activity in advising on corporate finance. Mercury Securities was admitted to the SC's Approved List of Principal Advisers for submitting specific corporate proposals pursuant to the SC's Principal Adviser Guidelines then. In the same year, the company commenced the provision of corporate finance advisory services. We secured our 1st secondary equity fundraising mandate from Xidelang Holdings Ltd to act as principal adviser for their proposed renounceable rights issue with warrants and bonus issue of shares.We also opened another branch office in Pulau Pinang, the Bayan Baru Branch.
2014 - Haji Shuaib Bin Haji Lazim disposed his entire equity interests of 2,000,000 ordinary shares in the company to Dato' A. Rahman Bin Safar (10.00 ). The company commenced its provision of independent advisory services where we advised the non-interested directors and non-interested shareholders of Benelac Holdings Berhad in relation to its related party transactions, and TMC Life Sciences Berhad in relation to an unconditional takeover offer by the offeror, Sasteria (M) Pte Ltd . The company secured our 1st merger and acquisition mandate to advise a foreign party, Fordington Ptd Ltd as their principal adviser, for its unconditional takeover offer for all the remaining shares in Yokohama Industries Berhad. This proposal was completed in June 2015 when Yokohama Industries Berhad was delisted from Bursa Securities as intended by the offeror.
2015 - The company completed a privatisation exercise that involved 2 companies listed on Bursa Securities. Mercury Securities was appointed as the principal adviser of Plenitude Berhad for the proposed takeover of all the ordinary shares of The Nomad Group Berhad to be settled via the issuance of new ordinary shares of Plenitude Berhad. Following the completion of the takeover by Plenitude Berhad in July 2015, The Nomad Group Berhad was privatised and became a wholly-owned subsidiary of Plenitude Berhad. Mercury Securities secured our 1st initial public offering mandate for the listing of Eversafe Rubber Berhad on the ACE Market acting as its principal adviser, sponsor, sole underwriter and sole placement agent. This company was successfully listed on the ACE Market in 2017.
2017 - The cpmpany secured our 1st initial public offering mandate for the listing of Cloudaron Group Berhad on the LEAP Market and the company was successfully listed in 2017. The company was the approved adviser and placement agent for Cloudaron Group Berhad which was also the 1st LEAP Market listing on Bursa Securities.
2020 - The company completed its 1st transfer listing mandate with the transfer of Kejuruteraan Asastera Berhad (now known as Kinergy Advancement Berhad), a company listed on the ACE Market, to the Main Market.
2021 - Following the changes to the Licensing Handbook and SC's Guidelines on Submission of Corporate Proposals and Capital Market Product Proposals, on 1 January 2021, Mercury Securities was recognised by the SC as a RPA. As a RPA, Mercury Securities can undertake specific proposals requiring SC's approval which include, among others, initial public offering on the Main Market, corporate proposal by a Main Market issuer which result in a significant change in its business direction or policy and transfer of listing from the ACE Market to the Main Market
2022 - The company have launched our 2 new online trading platforms, namely MST28 Trading Platform on 28 February 2022 and ECOS Trading Platform on 3 October 2022 with additional and new features such as onboarding of new clients electronically to replace our “Mercury StraightThru” trading platform.Mercury Securities completed the initial public offering of Cosmos Technology International Berhad on the ACE Market on 6 October 2022. Cosmos Technology International Berhad is the 1st LEAP Market listed company to progress to an ACE Market listing. Mercury Securities acted as its principal adviser, sponsor, sole underwriter and sole placement agent.
In view of the COVID-19, the Government implemented several measures to contain the spread of COVID-19 in the country, since 18 March 2020. These measures include restrictions on the movement of people within Malaysia and internationally, and restrictions on business, economic and social activities. On 1 April 2022, Malaysia entered the ‘Transition to Endemic' phase where all economic sectors are allowed to operate, and interstate and international travel are allowed, subject to adherence to the relevant SOP and guidelines.
Our business operations are regarded as “essential services” by the Government and we continued to operate as per normal working hours. Nonetheless, we adopted precautionary measures to safeguard our operations and employees where we implement alternate arrangements between working from home and the office for business continuity for our critical functions.We also offer our clients our online trading platforms to enable them to access and trade in securities listed on Bursa Securities. Despite the challenging conditions in 2020, we experienced an increase in revenue by 57.85 to RM49.76 million for the FYE 2020. Our trading value from our Stockbroking Segment recorded a growth of 72.58 to RM8.52 billion for FYE 2020. The COVID-19 SOP and guidelines have subsequently relaxed since 1 April 2022 as the nation is entering into the endemic phase.
Since March 2020 and up to the LPD, 37 of our employees were infected with COVID-19 and have since fully recovered. As at the LPD, we have a total of 103 employees and all of our employees have been fully vaccinated.