GP Ocean Food Bjd

Topics: Management occupations, Board of directors, Corporate governance Pages: 4 (923 words) Published: September 26, 2014
GP Ocean Food Berhad

GP Ocean Food Bhd was incorporated in 1980 and subsequently listed on the Main Board of Bursa Malaysia Securities Berhad in 23 March 2006. GP Ocean Food Bhd located in the Federal Territory of Labuan. GP Ocean Food Bhd is an investment holding company of the GP Group and is the Malaysia’s first and largest fully integrated seafood producer. The principal activities encompass trawling, aquaculture of fish and prawns and seafood processing and trading with operations in Labuan and Sabah. The key product of GP Ocean Food Bhd are frozen prawns, fish, other processed seafood products and value-added seafood products which are exported worldwide, which namely to US, Europe, Japan, Hong Kong, Australia, China, Singapore and Brunei.1 GP Ocean Food Bhd has two subsidiaries which is Gropoint Fisheries and Gropoint Seafood. In April 2005, GP involved in shrimp farming with 175 shrimp ponds in mangrove swamp. GP Ocean Food Bhd is integrated fisheries company in which owns fishing vessels, fish.2 The subsidiary companies of GP Ocean Food Bhd are principally involved in seafood processing and culturing of prawns, fishes and crabs. GP Ocean Food Bhd Besides that, mostly, 70% of sales of the GP Ocean Food Bhd exported to US, EU countries, Japan and others.

Background of the top management
The top management that involved in misleading the information Tan Siok Wan, Lee Sin Teck, Lim Kim Ming and Lim Kim Hai.

Lim Kim Ming
Lim Kim Ming, Malaysian aged 47 is the Executive Director and Chief Executive Officer of GP Ocean Food Berhad (GP Ocean). Lim Kim Ming and Lim Kim Hai are siblings.

Lim Kim Hai
Lim Kim Hai, Malaysian aged 34 is the Executive Director and Finance Director of GP Ocean and a member of audit committee. He is a fellow member of the Association of Chartered Certified Accountants. He is a member of the Malaysia Institute of Accountants, Malaysian Institute of Taxation and Financial Planning Association in...
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