DailySpaceGreen Ocean Corporation Berhad
0074 · ACE Market创业板（ACE Market） · annual reports 2023 to 2026, 1001 entries read2023 至 2026 年报，共读出 1001 条
The company这家公司
Green Ocean Corporation Berhad has been listed on the ACE Market of Bursa Malaysia Securities Berhad since 2005. The group was historically involved in the production of crude palm kernel oil and trading palm oil products, but ceased its palm oil business due to low market prices and weak demand, and diversified into the food and beverage sector.Green Ocean Corporation Berhad 自 2005 年起在马来西亚证券交易所创业板（ACE Market）上市。该集团以往从事粗制棕榈仁油生产及棕榈油产品贸易，但因市价低迷及需求疲软而停止了棕榈油业务，并多元化进军餐饮行业。
Source: annual report 2026, page 6.出处：2026 年年报第 6 页。
Revenue shifted towards food and beverage distribution, which accounted for 89.4% of group revenue in 2023, 99.7% in 2025, and 100.0% in 2026. Revenue from the glove segment was RM0.9 million in the prior period and nil in 2025 and 2026, while other trading ceased.营业额转向餐饮分销，在 2023 年占集团营业额的 89.4%，2025 年占 99.7%，2026 年占 100.0%。手套业务在前期产生营业额 RM0.9 million，在 2025 年和 2026 年为零，其他贸易亦已停止。
Source: annual report 2023, page 9; annual report 2025, page 7; annual report 2026, pages 7, 8.出处：2023 年年报第 9 页；2025 年年报第 7 页；2026 年年报第 7、8 页。
Customer concentration has varied across the periods. In 2023, two major customers contributing more than 10% each generated RM2,322,204 in revenue. In 2025, one major customer contributed RM3,456,533, and in 2026, two major customers contributed RM4,203,353.各期间的客户集中度有所不同。2023 年，各占 10% 以上的两大客户产生营业额 RM2,322,204。2025 年，单一主要客户贡献 RM3,456,533，2026 年两大主要客户贡献 RM4,203,353。
Source: annual report 2023, page 100; annual report 2026, page 115.出处：2023 年年报第 100 页；2026 年年报第 115 页。
Focus Dynamics Centre Sdn. Bhd. was the largest shareholder in 2023 and 2025, holding 62,800,000 shares or 29.74%. In 2026, Amsec Nominees (Tempatan) Sdn. Bhd. - Exempt an for KGI Securities (Singapore) Pte. Ltd held 62,800,000 shares or 29.74%.Focus Dynamics Centre Sdn. Bhd. 在 2023 年和 2025 年是最大股东，持有 62,800,000 股或 29.74%。在 2026 年，Amsec Nominees (Tempatan) Sdn. Bhd. - Exempt an for KGI Securities (Singapore) Pte. Ltd 持有 62,800,000 股或 29.74%。
Source: annual report 2023, page 142; annual report 2025, page 148; annual report 2026, page 164.出处：2023 年年报第 142 页；2025 年年报第 148 页；2026 年年报第 164 页。
Mr. Tay Ben Seng, Benson serves as Executive Director and holds directorships in Focus Dynamics Group Berhad, SaudiGold Group Berhad, and Oversea Enterprise Berhad, with no shares held in the company. Chairman Dato' Nik Ismail bin Dato' Nik Yusoff resigned on 27 May 2025, leaving the chairman position vacant in 2026. Mr. Tan Aik Heang was appointed to the board as Independent Non-Executive Director on 25 June 2025.Mr. Tay Ben Seng, Benson 担任执行董事，并在 Focus Dynamics Group Berhad、SaudiGold Group Berhad 及 Oversea Enterprise Berhad 兼任董事职务，未持有本公司股份。主席 Dato' Nik Ismail bin Dato' Nik Yusoff 于 2025 年 5 月 27 日辞职，使主席职位在 2026 年悬空。Mr. Tan Aik Heang 于 2025 年 6 月 25 日获委任为独立非执行董事。
Source: annual report 2025, pages 18, 62; annual report 2026, pages 14, 44.出处：2025 年年报第 18、62 页；2026 年年报第 14、44 页。
Revenue by segment, 20232023 年各部门营业额
Source: annual report 2023, page 9.出处：2023 年年报第 9 页。
Major events大事记
Source: annual report 2023, page 11.出处：2023 年年报第 11 页。
Source: annual report 2023, page 26.出处：2023 年年报第 26 页。
Source: annual report 2023, page 11.出处：2023 年年报第 11 页。
Source: annual report 2025, page 6.出处：2025 年年报第 6 页。
Source: annual report 2025, pages 68, 115.出处：2025 年年报第 68、115 页。
Source: annual report 2025, page 55.出处：2025 年年报第 55 页。
Source: annual report 2026, pages 65, 139.出处：2026 年年报第 65、139 页。
Revenue and loss after tax营业额与税后亏损
Assets, liabilities and equity资产、负债与权益
Fixed deposits and cash balances定期存款与现金结余
20232023 年
Net cash used in operating activities was RM7.0 million. Net cash generated from financing activities was RM15.7 million, mainly contributed by a net drawdown of term loan of RM16.3 million. Cash from disposal of plant and equipment was RM23.4 million, while purchase of investment property was RM7.1 million and placement of fixed deposits was RM16.5 million. Upliftment of money market instruments was RM37.6 million and net investment in quoted securities was RM35.5 million. Quoted shares recorded a mark-to-market gain of RM7.8 million. No dividend was recommended.营运活动所用现金净额为 RM7.0 million。融资活动所得现金净额为 RM15.7 million，主要来自定期贷款净提取 RM16.3 million。脱售厂房及设备所得现金为 RM23.4 million，同时购买投资产业 RM7.1 million，存放定期存款 RM16.5 million。提取货币市场工具 RM37.6 million，上市公司股票净投资 RM35.5 million。挂牌股票按市值入账收益 RM7.8 million。公司未建议派发股息。
Source: annual report 2023, pages 9, 10, 11, 54.出处：2023 年年报第 9、10、11、54 页。
20252025 年
Cash and cash equivalents stood at RM4.2 million, a decrease of RM8.5 million from RM12.7 million at 30 September 2023. Net cash outflow from investing activities was RM9.9 million, with net investment in quoted securities of RM12.8 million, upliftment of money market instruments of RM4.6 million, and purchase of property, plant and equipment of RM0.6 million. Net cash outflow from financing activities was RM2.1 million, including interest payments of RM1.1 million and net repayments of bank borrowings and lease liabilities of RM1.0 million. The group incurred a mark-to-market loss of RM21.3 million on quoted shares and an impairment loss on receivables of RM5.2 million. No dividend was declared.现金与现金等价物为 RM4.2 million，较 2023 年 9 月 30 日的 RM12.7 million 减少 RM8.5 million。投资活动现金净流出为 RM9.9 million，其中上市公司股票净投资 RM12.8 million，提取货币市场工具 RM4.6 million，购买物业、厂房及设备 RM0.6 million。融资活动现金净流出为 RM2.1 million，包括利息支出 RM1.1 million 以及偿还银行借款与租赁负债净额 RM1.0 million。集团录得挂牌股票按市值计价亏损 RM21.3 million 及应收账款减值亏损 RM5.2 million。公司未宣派股息。
Source: annual report 2025, pages 8, 9, 10, 14.出处：2025 年年报第 8、9、10、14 页。
20262026 年
Net cash outflow from operating activities was RM1.9 million. Net cash inflow from investing activities was RM15.2 million, primarily from the upliftment of fixed deposits of RM17.1 million, while net investment in quoted securities took RM2.0 million. Net cash outflow from financing activities was RM16.2 million, mainly from net repayments of bank borrowings and lease liabilities of RM15.8 million and interest payment of RM0.3 million, with bank borrowings fully settled during the year. The group recorded a mark-to-market loss of RM10.4 million on quoted shares, impairment on receivables of RM2.1 million, and share-based payments of RM0.5 million. No dividend was declared.营运活动现金净流出为 RM1.9 million。投资活动现金净流入为 RM15.2 million，主要来自提取定期存款 RM17.1 million，上市公司股票净投资支出 RM2.0 million。融资活动现金净流出为 RM16.2 million，主要用于偿还银行借款与租赁负债净额 RM15.8 million 及支付利息 RM0.3 million，银行借款于年内全数结清。集团录得挂牌股票按市值计价亏损 RM10.4 million、应收账款减值 RM2.1 million 及以股份为基础的付款 RM0.5 million。公司未宣派股息。
Source: annual report 2026, pages 8, 9, 13.出处：2026 年年报第 8、9、13 页。
Across the three reports三份年报合看
On 27 October 2023, the company completed a share consolidation of every 10 existing shares into 1 consolidated share, reducing total shares from 2,111,592,400 to 211,159,233. A capital reduction of up to RM92,500,000 was undertaken to set off accumulated losses. On 29 December 2025, 62,142,978 unexercised Warrants B were delisted following the expiry date of 27 December 2025. No dividends were declared or paid in any of the three financial periods.2023 年 10 月 27 日，公司完成每 10 股并为 1 股的股份合并，总股本由 2,111,592,400 股缩减至 211,159,233 股。公司进行了最高 RM92,500,000 的股本削减，以抵销累计亏损。2025 年 12 月 29 日，62,142,978 份未行使的凭单 B 在 2025 年 12 月 27 日到期后除牌。在三个财务期间内均未宣派或支付股息。
Source: annual report 2023, pages 11, 54; annual report 2025, pages 10, 11, 60; annual report 2026, pages 10, 64, 65, 139.出处：2023 年年报第 11、54 页；2025 年年报第 10、11、60 页；2026 年年报第 10、64、65、139 页。
Still to be spent尚未支出的承诺
The company raised RM82.86 million from a rights issue completed on 4 January 2021. Unutilised proceeds stood at RM40.7 million at 30 September 2023. Following a variation approved by shareholders on 24 July 2025, RM15.0 million was reallocated for repayment of bank borrowings and RM5.2 million for general working capital, leaving RM20.2 million unutilised. Capital commitments for property, plant and equipment were RM9.0 million in 2023 and nil in 2025.公司于 2021 年 1 月 4 日完成的附加股发行筹集了 RM82.86 million。截至 2023 年 9 月 30 日未动用资金为 RM40.7 million。在 2025 年 7 月 24 日股东批准变更用途后，RM15.0 million 重新分配用于偿还银行借款，RM5.2 million 用于一般营运资金，尚有 RM20.2 million 未动用。物业、厂房及设备的资本承诺在 2023 年为 RM9.0 million，2025 年为零。
Source: annual report 2023, pages 49, 138; annual report 2025, pages 55, 143.出处：2023 年年报第 49、138 页；2025 年年报第 55、143 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 7,607 | 10,961 | 13,616 | 10,054 |
| Loss before tax税前亏损 | (20,841) | (3,300) | (31,174) | (14,437) |
| Loss after tax税后亏损 | (20,842) | (3,938) | (31,204) | (14,442) |
| Net cash from/(used in) investing activities投资活动所得/（所用）现金净额 | (18,357) | 753 | (9,881) | 15,167 |
| Net cash from/(used in) financing activities融资活动所得/（所用）现金净额 | 7,924 | 15,661 | (2,123) | (16,159) |
| Total assets总资产 | 118,948 | 133,329 | 102,423 | 71,040 |
| Total liabilities总负债 | 1,300 | 19,619 | 19,917 | 2,436 |
| Total equity总权益 | 117,648 | 113,710 | 82,506 | 68,604 |
| Fixed deposits with licensed banks存放在持牌银行的定期存款 | 0 | 16,491 | 17,120 | 0 |
| Cash and bank balances现金与银行结余 | 3,332 | 12,693 | 4,794 | 1,889 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Over the next 12 months, the group intended to venture into foodservice through operating fast-food chain restaurants focusing on take-outs集团计划在未来 12 个月内通过在马来西亚经营主打外带的快餐连锁店进军餐饮服务业务 | Later reports show revenue came entirely from trading and distribution of food and beverages, with fast-food chain operations not mentioned again后来的年报显示营业额完全来自餐饮贸易与分销，未再提及快餐连锁店运营 Source: annual report 2023, page 8; annual report 2025, page 7; annual report 2026, page 8.出处：2023 年年报第 8 页；2025 年年报第 7 页；2026 年年报第 8 页。 | Not mentioned again未再提及 |
| The group signed a conditional offer to purchase a factory in Perai, Penang for RM11,250,000, paid a deposit of RM2,250,000, and expected to enter into a sale and purchase agreement集团就以 RM11,250,000 收购槟城北赖一处厂房签署了有条件要约书，已支付定金 RM2,250,000，预计将签订买卖协议 | On 18 March 2024, the offer was called off due to absence of further progress, and the group received a full refund of RM2,250,0002024 年 3 月 18 日，由于未有进一步进展该要约被取消，集团已全额收回退还的定金 RM2,250,000 Source: annual report 2023, page 118; annual report 2025, page 124.出处：2023 年年报第 118 页；2025 年年报第 124 页。 | Called off and deposit refunded已取消并全额退款 |
| The group sought a refund of the RM15,000,000 deposit paid for glove production lines to reduce dependency on the glove business集团要求退还为手套生产线支付的 RM15,000,000 定金，以减少对手套业务的依赖 | Through two set-off arrangements, one a deed dated 3 December 2024, the group accepted glove production lines with a total agreed value of RM20,600,000 in satisfaction of deposits. The remaining deposit of RM2,330,000 was refunded in the 2026 financial year.集团通过两项抵销安排（其中一项为 2024 年 12 月 3 日的抵销契约），接受总议定价值 RM20,600,000 的手套生产线以抵偿订金。余下的 RM2,330,000 订金于 2026 财年获退还。 Source: annual report 2023, page 118; annual report 2025, page 68; annual report 2026, page 135.出处：2023 年年报第 118 页；2025 年年报第 68 页；2026 年年报第 135 页。 | Settled with equipment and refund以设备及退款结清 |
| The group temporarily ceased its palm oil business with no immediate plans to resume at that juncture集团暂时停止棕榈油业务，在该阶段没有立即恢复的计划 | Palm oil operations were ceased permanently, and subsidiary Ace Edible Oil Industries Sdn. Bhd. was disposed of for RM100,000 on 4 April 2024棕榈油业务已完全停止，子公司 Ace Edible Oil Industries Sdn. Bhd. 于 2024 年 4 月 4 日以 RM100,000 脱售 Source: annual report 2023, page 7; annual report 2025, page 6; annual report 2026, page 6.出处：2023 年年报第 7 页；2025 年年报第 6 页；2026 年年报第 6 页。 | Ceased and subsidiary sold已停止并脱售子公司 |
| The board identified meeting requirements for women directors as a key focus area, having 20% women directors on the board董事会将满足女性董事要求列为重点关注领域，当时董事会有 20% 女性董事 | In 2025 the board comprised three members including one woman, achieving the 30% female representation threshold2025 年董事会由三名成员组成，其中包括一名女性，达到了 30% 女性代表比例门槛 Source: annual report 2023, pages 31, 40; annual report 2025, page 35.出处：2023 年年报第 31、40 页；2025 年年报第 35 页。 | Achieved 30% threshold达到 30% 门槛 |
What the reports leave open年报留下待看的事
- Glove production lines carrying RM18,025,000 remained idle at 31 March 2026, while management assesses operational requirements for potential commencement of glove manufacturing.账面值 RM18,025,000 的手套生产线截至 2026 年 3 月 31 日仍处于闲置状态，管理层正在评估未来可能启动手套制造的运营需求。
Source: annual report 2026, pages 72, 126.出处：2026 年年报第 72、126 页。
- Following the resignation of Dato' Nik Ismail bin Dato' Nik Yusoff on 27 May 2025, the position of Chairman of the Board remained vacant in 2026 while seeking a suitable candidate.Dato' Nik Ismail bin Dato' Nik Yusoff 于 2025 年 5 月 27 日辞职后，董事会主席一职在 2026 年依然悬空，公司仍在寻找合适人选。
Source: annual report 2026, page 44.出处：2026 年年报第 44 页。
- The company proposed a special resolution at the 22nd AGM to change its name from Green Ocean Corporation Berhad to Ace Pacific Group Berhad.公司在第 22 届股东周年大会上提呈特别决议案，拟将公司名称由 Green Ocean Corporation Berhad 变更为 Ace Pacific Group Berhad。
Source: annual report 2026, pages 169, 172.出处：2026 年年报第 169、172 页。
- Deployment of remaining rights issue proceeds of RM20.2 million, including RM15.0 million for repayment of bank borrowings by 23 July 2026 and RM5.2 million for general working capital by 23 July 2027.剩余 RM20.2 million 附加股筹集资金的使用情况，包括须在 2026 年 7 月 23 日前用于偿还银行借款的 RM15.0 million 以及在 2027 年 7 月 23 日前用于一般营运资金的 RM5.2 million。
Source: annual report 2025, page 55; annual report 2026, page 10.出处：2025 年年报第 55 页；2026 年年报第 10 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-28.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-28。