Rk Resources Co., Ltd (Vietnam)

The subject is a member of Rhong Khen International Berhad through Latitude Tree Viet Nam Joint Stock Company in Vietnam. According to Annual Report 2023 of the Group, its manufacturing activities are operated from three factories in Malaysia, two factories in Vietnam and one factory in Thailand. This Group has made great advances to position itself as one of the largest rubber wood furniture manufacturers and exporters in Malaysia and Vietnam. Approximately 99% of the Group's products are exported overseas to the USA, Canada, EU, South Africa, Australia, China and the Middle East countries.In Vietnam, the subject specializes in manufacturing household furniture (tables, chairs, cabinets, shelves, etc.), and sofas including details and parts. The materials for production are imported mainly from China and Taiwan. According to Group instructions or customer orders, products are exported to the USA, Canada, India, South Korea, EU, etc.The fiscal year ended 30 Jun 2023 of the subject is not available in our source. The annual report of the Group showed revenue information based on the geographical location of the operations as follows: Revenue of Vietnamese subsidiaries in FYE 30 Jun 2023 declined by 13.7% over previous year and reaching MYR 504.4 million mainly due to lower demand and shipments to the USA.