APB Resources Bhd, a specialist in the design and fabrication of process equipment for petrochemical, oleochemical, oil & gas and power industries, is embarking a new phase of growth and transformation following a management buy-out led by three of its key executives.
Through Strategic A Holdings Sdn Bhd, Ong Kok Wah, Lee Lisa and Chan Fook Wah have collectively emerged as substantial shareholders of APB with an indirect equity stake of 27.89% as of Aug 29.
This move underscores the deep commitment of APB’s leadership to the group’s long-term potential and signals a fresh direction for the company.
Ong, 56, who has been appointed executive director and CEO has served APB for over three decades.
Commencing as a quality control engineer in 1993 and later rising to general manager of Amalgamated Metal Corporation (M) Sdn Bhd (AMC), he brings deep operational experience and industry expertise to the role.
The veteran fabrication specialist is joined by financial controller Lee, a chartered accountant with experience in audit, treasury management and financial reporting, who has been instrumental in strengthening the group’s financial discipline.
Completing the team is Chan who is AMC’s deputy general manager with over 20 years of experience in project execution and operations – an essential criterion to ensure timely delivery and efficiency across the group’s production activities.
Together, the three executives form a management team that combines operational know-how, financial leadership and strategic oversight.
Their collective ownership through Strategic A Holdings marks a turning point for APB – anchored by continuity and a renewed drive to restore profitability and create long-term shareholder value.
“As a management team, we’ve lived and breathed APB for decades. We understand this business at every level – from operations to finance – and we see immense potential ahead,” the trio pointed out in a media statement.
“With our expertise, our client base and our fabrication capabilities, APB has a strong foundation. Together, we are committed to restoring financial strength, sharpening execution and positioning the group for long-term success.”
The management buy-out marks a significant milestone for APB. With leadership continuity secured and ownership now aligned with the executives who run the business, the group can embark on its next phase with renewed confidence.
The APB board believes that this transition – anchored by the management team’s deep experience and clear vision – bodes well for the future of APB and its stakeholders.
APB incurred a net loss of RM81.23 mil in its FY2025 ended March 31, 2025 but was able to narrow its net loss for the 1Q FY3/2026 quarter to RM298,000 (1Q FY3/2025: RM1.1 mil).
At the close of today’s (Sept 2) trading, APB was untraded at 20 sen, thus giving the company a market cap of RM25 mil. – Sept 2, 2025
