Magni-Tech Industries Berhad was incorporated in Malaysia on 12 March 1997 and listed on the Second Board of Bursa Malaysia Securities Berhad (Bursa Securities) on 18 April 2000.
Magni was subsequently transferred to the Main Board (now known as Main Market) of Bursa Securities on 8 April 2003. Tan Sri Dato’ Seri Tan Kok Ping is the Chairman and Mr. Tan Poay Seng, the Managing Director.
The Group was initially involved in packaging business, before diversifying into apparel business. On 1 November 2006, Magni completed the acquisition of the entire equity stake in South Island Garment Sdn Bhd, an established apparel manufacturer. The diversification into apparel business has reduced the Group’s reliance on the packaging business and contributed significantly to the growth of the Group.
Magni has been selected to participate in Phase 1 of the Mid and Small Cap Research Scheme introduced by the Government.