Company Profile

Gunung Capital Berhad (formerly known as Taiping Super Berhad) is a public company listed on the Main Board of Kuala Lumpur Stock Exchange (Bursa Malaysia).

Prior to year ended 2010, Gunung was principally involved in the trading of latex concentrate. Gunung ceased trading in latex concentrate in year 2010 due to the persistant high price of latex which squeezed profit margins.

Furthermore, in year 2010, Gunung acquired a new business, namely GPB Corporation Sdn Bhd, which primarily charters its fleet of land-based passenger transportation assets and specialty vehicles. Now, through its wholly owned subsidiaries GPB Corporation Sdn Bhd, Gunung Resources Sdn Bhd, and its indirect subsidiary, Bas Rakyat Sdn Bhd, Gunung is focused on chartering its transportation assets.

 

Via an innovative method of chartering transportation assets, together with drivers, fuel, maintenance costs, and other operational costs, at a fixed charge to our customers, has allowed Gunung to grow rapidly in terms of asset size. Gunung has a number of medium-term contracts with the Ministry of Defence.

Gunung Hydropower Sdn Bhd, a 90% subsidiary of Gunung Capital is in the business of building and operating mini-hydro power plants. The renewable energy sector has become more commercially viable due to the Renewable Energy Act 2011. Driven by the prospect of stable and continuous income stream for a period of 21 years, Gunung Hydropower has entered into a JV agreement with Perak Hydro Renewable Energy Corp Sdn Bhd (PHREC) in 2012 to develop a mini hydro power plant, with 10MW installed capacity, in Perak. In 2013, Gunung Capital decided to acquire 85% stake in Pusaka Hijau Sdn Bhd, which in turn owns 60% of PHREC, in order to strengthen its presence in the mini-hydro power generation industry. PHREC is given the mandate to act as the master developer for all mini-hydro projects in Perak, a total of 31 sites with and estimated combined installed capacity of 240MW.