Our Company was incorporated in Malaysia under the Act as a private limited company on 9 April 2018 under the name Enest Group Sdn. Bhd. On 16 November 2018, we were converted into a public limited company and assumed our present name to facilitate the listing of our Group on the LEAP Market.
Ming Feng was co-founded by our Executive Chairman, Tan Heng Guan, our CEO, Tan Teh Jie, our Deputy CEO, Tan Teh Sheng and our Substantial Shareholder, Tan Beng Heng. Ming Feng’s business is spearheaded by our Executive Chairman and CEO, both of whom have been instrumental and dedicated in contributing to the strategic direction, growth, development, operation and success of our Group.
Both our Executive Chairman and CEO had extensive experience in different segments of the bird’s nest industry value chain. Prior to the incorporation of our Group, our Executive Chairman, Tan Heng Guan, founded Sri Kerdau Bird Nest Sdn. Bhd. and operated a swiftlet farming business in 2014, which accorded him with a strong background in this segment. Meanwhile, our CEO, Tan Teh Jie was involved in the distribution of edible bird’s nest through the incorporation of Zheng Feng Equity Sdn. Bhd. in 2013 and thus, had established a strong network of customers.
Our Executive Chairman is still involved in swiftlet farming business through Sri Kerdau Bird Nest Sdn. Bhd., while our CEO has sold his entire equity interest in Zheng Feng Equity Sdn. Bhd. to his partner, Wang Fong Luang @ How Fong Luang back in 2015.
Our Executive Chairman and CEO saw the commercial potential of venturing into bird’s nest processing. They thus incorporated Ming Feng under the Act as a private limited company on 26 January 2015. We commenced operations in the processing of edible bird’s nest on 1 April 2015 in our present headquarter and production facility in Kajang, Selangor.
We secured our first international sale when we secured a contract to export edible bird’s nests to Hong Kong in April 2016.
In August 2016, Ye Lin was incorporated to facilitate our future expansion into the distribution and retail of bird’s nest products marketed under our brand name in China. As at the LPD, Ye Lin has yet to commence operations. It is expected to commence operations at end of 2019 or early 2020, as it is in the midst of applying for the Permit for the Quarantine of Entry Animals and Plants in China for importing purposes.
In March 2017, we expanded our geographical reach into the Australian market when we secured our first export sale from the country. We subsequently began exporting edible bird’s nests to Singapore in November 2017.
Ming Feng attained its export licence to market to China in June 2018 and consequently began exporting edible bird’s nests to China in July 2018.
Dynamic Transforms was subsequently acquired by Ming Feng in May 2018 to further expand our business operations. The acquisition of Dynamic Transforms benefits us with immediate access to additional processing facility and workforce, so that we are better-positioned to tap into China market by increasing our export of edible bird’s nests to China.