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Borneo Eco Fish Sdn Bhd
Borneo Eco Fish Sdn Bhd was incorporated in 2009 and began producing Red Tilapia in 2017. We specialise in supplying healthy and affordable Red Tilapia to our customers. Our Tilapia farms are licensed to operate at 247 hectares (~600 acres) of lake space in the pristine waters of the Batang Ai Hydroelectric Dam in the Lubok Antu district, totalling 10,000 hectares. With 5,000 cages, we are currently the largest Tilapia producer in Sarawak. Our factory and processing centre at Batang Ai ensures the highest quality fish supply to our customers.
Borneo Eco Fish Sdn Bhd was incorporated in 2009 and began producing Red Tilapia in 2017. We specialise in supplying healthy and affordable Red Tilapia to our customers. Our Tilapia farms are licensed to operate at 247 hectares (~600 acres) of lake space in the pristine waters of the Batang Ai Hydroelectric Dam in the Lubok Antu district, totalling 10,000 hectares. With 5,000 cages, we are currently the largest Tilapia producer in Sarawak. Our factory and processing centre at Batang Ai ensures the highest quality fish supply to our customers.
MIN INVESTMENT
RM 5,000
MIN TARGET
RM 500,000
MAX TARGET
RM 5,000,000
DIVIDEND
5% p.a.
SHARE TYPE
Ordinary
SHARE PRICE
RM 1
VALUATION
RM 11,000,000
At our aquaculture facility in Batang Ai, Lubok Antu, Sarawak, we pride ourselves on producing top-quality fish through sustainable and innovative farming practices in the last 8 years. Leveraging our team's extensive experience in the aquaculture industry, we have built a strong foundation for successful fish farming.
Our strategically located factory and processing center at Batang Ai ensures that we deliver the freshest and highest quality fish to our valued customers. Today, we dominate the supermarket chain in Southern and Central Sarawak, from Kuching to Bintulu, setting the standard for excellence in the region's seafood industry.
Our Tilapia farms are located in 247 hectares or approximately 600 acres of lake space at the pristine waters of the Batang Ai Hydro Electricity Dam in Lubok Antu district totalling 10,000 ha size. With 5,000 cages, we are currently the largest producer of Tilapia fish in Sarawak.
1. Market Saturation: Increasing competition from other fish producers in the region leads to market saturation
2. Environmental Concern: Potential environmental issues such as water pollution affecting fish quality and production
3. Consumer Awareness: Limited consumer awareness about the benefits of sustainability farmed fish, impacting demand
4. Logistical Issue: Challenges in distribution and logistics affecting timely delivery markets
5. Expensive Feed: High costs of high-quality fish feed impacting overall production cost and profitability
Branding of our product:
In the last 8 years, we have successfully established a recognizable brand for our products in the market. This includes developing a strong brand following by creating a positive perception among consumers and stakeholders.
Full value chain:
We have achieved integration across the entire value chain of fish farming. This includes controlling and managing every stage from hatchery and grow-out to processing and distribution. By having a comprehensive grasp of the value chain, we can maintain quality standards, streamline operations, and maximize efficiency from farm to market.
Mastered learning curve with MyGAP accreditation:
We have successfully navigated the learning curve of fish farming, becoming recognized as one of the most experienced fish farmers in Sarawak. Our expertise is recognized by our accreditation under MyGAP (Good Agricultural Practice), which signifies our adherence to international standards in farming practices. This recognition assures consumers of our commitment to sustainable and responsible farming methods, ensuring high-quality and environmentally friendly production processes. Additionally, we hold Halal certificate, highlighting our dedication to meeting Islamic dietary laws and providing benefits such as:
Fund Usage Timeline: Utilisations of funds time frame (1st year)
Chairman
Haji Musa, a 68-year-old Malaysian, is the Chairman, a role he earned due to his extensive 33-year career in aquaculture. His journey began as a Development Officer for the Aquaculture Program, where he was pivotal in advancing the field. He then served as a Research and Development Officer specializing in local fish species, particularly Empurau and Semah. His expertise further extended to roles as a Freshwater Fish Breeding Program Officer and an Enforcement and Licensing Officer. Before his retirement, Haji Musa held the position of Deputy Director (Fishery) at the Department of Agriculture Sarawak, underscoring his significant contributions to the industry.
Experience
Education
Managing Director
Hii Tiong Kong, also known as Thomas, is a 55-year-old Malaysian. He serves as the Managing Director of both Borneo Eco Fish Sdn. Bhd. and Ceria Alliance Sdn. Bhd., where he oversees general operations specializing in agricultural development contracts. Additionally, he holds the position of Company Secretary. With 13 years of experience in project management and public relations, Thomas is well-regarded among developers and local authorities, including Pertubuhan Peladang Kawasan (PPK), LCDA, DID, SACOFA, and SALCRA.
Experience
Education
Director
Lee Wei Gia, also known as Vincent, is a 55-year-old Malaysian. He previously served as the Senior Vice President of Corporate Finance at Hong Leong Investment Bank, advising clients on IPOs, restructuring, mergers and acquisitions, and fundraising. Vincent also held the position of Chief Internal Auditor for a financial group listed on the Hong Kong Stock Exchange. Moreover, he has experience working with several of the Big 5 accountancy firms in the UK, Hong Kong, China, and Malaysia.
Experience
Education
Director
Patrick, a 58-year-old Malaysian, has an extensive background in offshore finance and management. From 1995 to 2005, he worked with several national companies, including Schlumberger, Axalto, and Lafarge. After this period, he ventured into private business. In 2006, as the Managing Director of Lautan Biru Tourism Sdn. Bhd., he was involved in the development and operations of various projects of national interest. Patrick owns several resorts and tourism facilities in Sabah and Labuan. Additionally, in 2009, he successfully developed a goat farm, commercial freshwater fish ponds, and a fully mechanized rice and maize farm on 180 acres of farmland in Bau, Kuching.
Experience
Education
Ordinary
The Issuer intends to raise up to RM 5,000,000 in this fundraising exercise.
RM 500,000
RM 5,000,000
RM 1 per share
500,000 shares
5,000,000 shares
RM 5,000
Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.
14 working days after the end of the Fundraising Period.
An Investment Agreement (with an Annexed Partnership Agreement) for the subscription of the Shares and subject to review and/or amendment if required or deemed necessary by the issuer and the ECF Platform
The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, Borneo Eco Fish Sdn. Bhd. to Ata Plus Sdn Bhd, either in part or in whole.
Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :
The financial information listed on the Deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.
The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.
THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.
Should the Investor require more information, they can do so by contacting Borneo Eco Fish Sdn. Bhd. directly at:
Name : Thomas Hii
Email : hiitk99@gmail.com
HP : 6019 888 6971
(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period
(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007
(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.
Reward(s)
5% dividend payable upon company is profitable and with sufficient cashflow
Borneo Eco Fish Business Plan 2024
Business Plan
Borneo Eco Fish eSSM
SSM
Borneo Eco Fish - Return of Allotment (ROA)
Financial Account
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RM 3,005,000
of RM 500,000
Min Target
RM 500,000
Max Target
RM 5,000,000
Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversified portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.
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RM 3,005,000
of RM 500,000
Min Target
RM 500,000
Max Target
RM 5,000,000
Min Investment
RM 5,000