Here is yet another classic example of a Malaysian homegrown success story which has humble beginnings.
In the 1970s, two of the Liew & Lau (same Chinese surname) brothers began as food vendors, selling deep fried snacks and banana fritters ‘Goreng Pisang’ from a van in the Klang Valley. Later, they were joined by their other siblings and had set up their first factory in Kampar to manufacture polytubed drinks in 1980. The brothers had set up its second and third factories in Kepong and Rawang in the mid-1990s.
In 2005, Cocoaland Holdings Bhd (Cocoaland) was listed on Bursa Malaysia and has grown into a popular manufacturer of gummies, preserved food, and beverages in Malaysia. As I write, Cocoaland is valued at RM 514.8 million in market capitalization, a multiple of 10 times from RM 55.8 million when the company was first listed in 2005.
Here, I’ll share …