Ownership and group structure
Our Company was incorporated in Malaysia on 17 July 2023 under the Act as a private limited company under the name of Express Powerr Solutions Sdn Bhd and subsequently changed its name to Express Powerr Solutions (M) Sdn Bhd on 25 August 2023. On 23 October 2023, our Company was converted into a public limited company and adopted our present name.
Our history dates back to September 2005 when our founder, Ismail Bin Abdul Hassan, along with shareholder, namely Lau Kar Hoe, acquired a shelf company named Express Mission for RM2.00 with each holding 50.00% equity interests.
In November 2005, Express Mission increased its paid-up share capital resulting in Ismail Bin Abdul Hassan and Lau Kar Hoe holding 70.00% and 30.00% equity interest, respectively.
In January 2007, Lau Kar Hoe disposed his entire 30.00% equity interest in Express Mission to Ismail Bin Abdul Hassan (25.00% equity interest) and the late Sarajuddin Bin Abol Hassan, who is the brother of Ismail Bin Abdul Hassan (5.00% of equity interest).
In September 2011, Rosli Bin Jonid, our Non-Independent Executive Director, acquired 5.00% equity interest in Express Mission from the late Sarajuddin Bin Abol Hassan with the intention to be a passive investor. He later joined Express Mission in October 2022 as the Business Development Director and was appointed as a director of Express Mission in December 2022.
In April 2015, Lim Cheng Ten, our current Managing Director became a shareholder after acquiring 20.00% equity interest in Express Mission from Ismail Bin Abdul Hassan (15.00% equity interest) and Rosli Bin Jonid (5.00% equity interest) respectively. In December 2015, to concentrate on his other business interests, he disposed his entire 20.00% equity interest to Ismail Bin Abdul Hassan and Che Izam Bin Abu Noh resulting in them holding 95.00% and 5.00% equity interest, respectively.
In May 2018, Lim Cheng Ten rejoined Express Mission as a Director and acquired 5.00% equity interest in Express Mission from Che Izam Bin Abu Noh. Subsequently in September 2018, Lim Cheng Ten further acquired 80.00% equity interest from Ismail Bin Abdul Hassan, resulting in him holding 85.00% equity interest in Express Mission, and was designated as an executive director of Express Mission where he was mainly responsible for business development, including expanding our customer base as well as building and maintaining relationships with our customers. Since then, Ismail Bin Abdul Hassan had ceased his role and responsibilities within Express Mission and transitioned his leadership role to Lim Cheng Ten.
In May 2021, Ismail Bin Abdul Hassan resigned as the director of Express Mission and Mohammad Diah Bin Abd Majid was appointed as a director of Express Mission. Mohammad Diah Bin Abd Majid was assisting Lim Cheng Ten for the coordination of generator rental services operations. Subsequently in June 2021, Mohammad Diah Bin Abd Majid acquired Ismail Bin Abdul Hassan’s remaining 15.00% equity interest in Express Mission and Ismail Bin Abdul Hassan ceased to be a shareholder of Express Mission.
In December 2021, Lim Cheng Ten acquired 15.00% equity interest in Express Mission from Mohammad Diah Bin Abd Majid which resulted in him becoming the sole shareholder of Express Mission. In December 2022, Mohammad Diah Bin Abd Majid resigned as the director of Express Mission.
