HAILY Company

Haily Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Haily Company, officially known as Haily Group Berhad, was incorporated on February 21, 2020. Initially established as a private limited company under the name Haily Group Sdn Bhd, the company underwent an internal reorganization that led to the formation of Haily Construction Sdn Bhd and Haily Machinery Sdn Bhd as wholly-owned subsidiaries. This strategic move laid the foundation for Haily's future growth in the construction and real estate sectors.

Parent Company/Ownership Structure

Haily Group Berhad operates as a public limited company, having transitioned from its private limited status on August 25, 2020. The ownership structure includes several subsidiaries, with Haily Construction Sdn Bhd primarily responsible for construction activities, while Haily Machinery Sdn Bhd focuses on machinery rental services. This diversified structure allows Haily to streamline its operations and enhance its service offerings.

Headquarters Location

The headquarters of Haily Group Berhad is located at No. 3339, Jalan Pekeliling Tanjung 27, Kawasan Perindustrian Indahpura, Kulai, Johor, Malaysia. This strategic location positions the company to effectively serve both residential and non-residential construction markets across the region.

Global Business Scope

Haily Group Berhad primarily operates within Malaysia, focusing on the construction of residential and non-residential buildings. The company's services encompass a wide range of construction projects, including commercial, purpose-built, and industrial buildings. While its operations are currently concentrated in Malaysia, Haily aims to expand its footprint in the Southeast Asian construction market.

Main Regulatory Bodies

Haily Group Berhad is subject to regulations imposed by several key bodies, including the Companies Commission of Malaysia (SSM) and the Construction Industry Development Board (CIDB). These regulatory authorities ensure that Haily adheres to the necessary standards in construction practices, financial reporting, and corporate governance.

Back to top

2. Company History and Development

Key Milestones

Haily Group Berhad has achieved several significant milestones since its inception. Notably, the company was successfully listed on the ACE Market of Bursa Malaysia Securities Berhad on July 21, 2021, with its share price opening at 79 sen, reflecting a strong market reception. The IPO aimed to raise RM 20.4 million, marking a pivotal moment in the company's growth trajectory.

Business Expansion Journey

Following its establishment, Haily has consistently expanded its operations. The company secured its first affordable housing projects in 2018 and has since diversified its portfolio to include various construction projects. The incorporation of Haily Development Sdn Bhd and Haily Capital Sdn Bhd in 2022 further illustrates Haily's commitment to growth and diversification in property development and agricultural activities.

Customer Base Growth

Haily's commitment to quality construction and customer satisfaction has led to a growing customer base. The company has successfully completed numerous residential and commercial projects, establishing a reputation for reliability and excellence in the construction industry.

Platform Development History

Haily Group Berhad has invested in modernizing its operational platforms, enabling efficient project management and execution. The establishment of a robust online platform allows the company to streamline its operations, manage projects effectively, and enhance communication with clients and stakeholders.

Important Awards or Recognitions Received

Haily has received various accolades, including ISO 9001:2015 accreditation, which demonstrates the company's commitment to quality management and continuous improvement. This recognition enhances Haily's credibility in the construction sector and reinforces its dedication to maintaining high standards.

Back to top

3. Trading Services Offered

Forex Trading Options

Haily Group Berhad does not directly engage in forex trading; however, its financial services may include partnerships with brokers that offer a variety of currency pairs, catering to the needs of clients involved in international trade and construction financing.

Stock Trading Options

As a publicly listed entity, Haily Group Berhad's shares are traded on the ACE Market of Bursa Malaysia, providing investors with opportunities to participate in the company's growth through stock investments.

CFD Trading Products

Haily does not currently offer Contracts for Difference (CFDs) directly; however, its financial services may include collaborations with trading platforms that provide CFD trading options for investors looking to speculate on price movements in various assets.

Other Financial Instruments

Haily Group Berhad focuses on construction and property development rather than a broad range of financial instruments. However, it may engage in partnerships with financial institutions to provide clients with access to loans, mortgages, and other financing options relevant to the construction industry.

Special Services or Unique Advantages

Haily's unique advantage lies in its integrated approach to construction and real estate development, combining in-depth industry knowledge with a commitment to quality. The company's focus on sustainable practices and community development further distinguishes it in the competitive landscape.

Back to top

4. Regulatory and Legal Background

Detailed Regulatory Information

Haily Group Berhad operates under the oversight of several regulatory bodies, including:

• Companies Commission of Malaysia (SSM)
• Construction Industry Development Board (CIDB)
• Bursa Malaysia Securities Berhad

These regulatory entities ensure that Haily adheres to legal requirements concerning corporate governance, financial reporting, and construction standards.

Legal Entity Structure by Region

Haily Group Berhad is primarily registered in Malaysia, with its subsidiaries structured to comply with local regulations. The legal framework supports the company's operations in construction, property development, and machinery rental.

Client Fund Protection Measures

Haily Group Berhad implements various measures to protect client funds, including adherence to financial regulations and maintaining transparent financial practices. The company prioritizes the security of client investments and the integrity of its operations.

Countries/Regions Served

While Haily's primary operations are based in Malaysia, the company aims to explore opportunities in neighboring Southeast Asian countries as part of its growth strategy.

Compliance History

Haily Group Berhad has maintained a strong compliance record, consistently meeting regulatory requirements and industry standards. The company's commitment to ethical practices and transparency has fostered trust among stakeholders and clients.

Back to top

5. Competitive Landscape

3-5 Main Competitors

Haily Group Berhad faces competition from several key players in the construction and real estate sectors, including:

1. Gamuda Berhad
2. IJM Corporation Berhad
3. Sunway Construction Group Berhad
4. WCT Holdings Berhad

Positioning in the Industry

Haily positions itself as a reliable and quality-focused construction company, catering to both residential and commercial markets. Its commitment to customer satisfaction and sustainable practices enhances its competitive edge.

Market Differentiation Factors

Haily's differentiation factors include its integrated service offerings, commitment to quality, and focus on sustainable construction practices. The company's strong emphasis on customer relationships and community development further sets it apart from competitors.

Back to top

In conclusion, Haily Group Berhad has established itself as a significant player in the Malaysian construction industry through strategic growth, a commitment to quality, and a focus on customer satisfaction. As the company continues to evolve, it aims to expand its market presence and enhance its service offerings, positioning itself for future success in the construction and real estate sectors.

For more information, learn more.