The roots of Kawan Food Bhd can be traced back to the late 1970s when Mr. Gan Thiam Chai founded a sole proprietorship, Kian Guan Trading Co. and supplied traditional and homemade pastries namely ‘Kuih Bakul’ and ‘Kulit Popiah’ to local grocery shops and supermarkets. In 1984, Gan incorporated Kawan Food Manufacturing and started to manufacture ready-to-eat (RTE) frozen food products.

Subsequently, in 2005, Gan listed his businesses under Kawan Food Bhd on Bursa Malaysia. In 2006, Kawan Food Bhd was valued at RM 72.8 million in market capitalization. By 2017, its market capitalization has grown to RM 1.1 billion, a multiple of 13.5 times from 2006 levels. Despite its achievements, it had recently experienced a fall in stock prices, causing market capitalization to drop to RM 805.3 million, at the point of writing.

Thus, in this article, I’ll cover Kawan Food Bhd’s past achievements, current …