Overview & History

RCE Capital Berhad (“RCE”) was incorporated in Malaysia on 18 December 1953 as a limited company under the name of Leong Tian Tin Mines Limited. On 15 April 1966, the Company changed its name to Leong Tian Tin Mines Sdn Bhd. The name was later changed to Rislee Enterprise Sdn Bhd on 7 December 1978 before adopting the name Rislee Enterprise Berhad on 18 August 1993 to reflect its conversion to public limited company. Subsequently on 25 September 1993, the Company changed its name to Rediffusion Berhad before assuming its present name on 9 October 2003.

RCE is a subsidiary company of Amcorp Group Berhad. It was listed on the Second Board of Bursa Securities on 20 September 1994 and subsequently transferred to the Main Board (now known as Main Market) on 23 August 2006.

Its subsidiaries are now involved in financial services following the acquisition of RCE Marketing Sdn Bhd (“RCEM”) and the sale of the broadcasting business, both in 2003. In early-2007, RCE bought into AMDB Factoring Sdn Bhd (renamed RCE Factoring Sdn Bhd), which provides credit factoring solutions to the manufacturing, construction, information and communications technology and services sectors.

Milestones

  • 23 Oct 2023 RCE won the “Highest Returns To Shareholders Over Three Years” award under the financial services sector for companies with a market capitalisation below RM10 billion presented by The Edge Billion Ringgit Club 2023.
    13 Oct 2023 19,111,000 share options granted to eligible employees of the Group.
    29 Sep 2023 Early and full redemption Senior Sukuk of Tranche 2 of RM181.0 million of RM900.0 million Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme via Al Dzahab Assets Berhad (“ADA”).
    16 Aug 2023 Zamarad Assets Berhad (“ZAB”) awarded with the “Best Securitisation Sukuk of the Year 2023” at The Asset Triple A Islamic Finance Awards 2023.
    10 Aug 2023 Issuance of Tranche 9 with revolving option (“RO”) feature of RM254.0 million of RM2.0 billion Sukuk Murabahah ABS Programme via ZAB.
    21 Jun 2023 Early and full redemption Senior Sukuk of Tranche 1 of RM155.48 million of RM900.0 million Sukuk Murabahah ABS Programme via ADA.
    23 May 2023 RCE will adopt a new Dividend Guidance with a dividend payout ratio of 60% - 80% from 20% - 40% of its consolidated profit after tax commencing from financial year ending 31 March 2024.
    2 Jan 2023 RCE became a member of the Institute of Corporate Directors Malaysia.
  • 25 Nov 2022 Issuance of Tranche 8 with revolving option (“RO”) feature of RM219.0 million of RM2.0 billion Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme via Zamarad Assets Berhad (“ZAB”).
    31 Oct 2022 RCE won the “Highest Returns To Shareholders Over Three Years” award under the financial services sector for companies with a market capitalisation below RM10 billion presented by The Edge Billion Ringgit Club 2022.
    17 Oct 2022 19,112,000 share options granted to eligible employees of the Group.
    28 Mar 2022 Issuance of Tranche 7 with RO feature of RM255.0 million of RM2.0 billion Sukuk Murabahah ABS Programme via ZAB.
    5 Jan 2022 Distribution of 18,291,722 treasury shares as share dividend on the basis of 1 treasury share for every 20 ordinary shares, reducing the total number of treasury shares from 22,605,225 to 8,216,196.
    5 Jan 2022 Bonus issue of 351,470,069 new ordinary shares in RCE on the basis of 19 bonus shares for every 21 existing ordinary shares held, enlarging the share base to 739,987,032 ordinary shares.
  • 20 Dec 2021 RCE has been included to the constituents of the FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) Index during the review period of December 2021, reflecting our dedication towards strong environment, social and governance practices.
    10 Dec 2021 Zamarad Assets Berhad (“ZAB”) awarded with the “Most Innovative Islamic Finance Deal & Best Islamic Finance Deal” at Alpha Southeast Asia 15th Annual Best Deal & Solution Awards 2021.
    26 Nov 2021 RCE has been classified as a shariah-compliant security by the Shariah Advisory Council of the Securities Commission Malaysia.
    21 Oct 2021 9,068,000 share options granted to eligible employees of the Group.
    8 Jul 2021 Issuance of Tranche 6 with revolving option (“RO”) feature of RM124.0 million of RM2.0 billion Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme via ZAB.

    It is the first RO Islamic receivables ABS Sukuk Murabahah in Malaysia.
  • 14 Dec 2020 9,192,000 share options granted to eligible employees of the Group.
    25 Nov 2020 Issuance of Tranche 5 of RM107.0 million of RM2.0 billion Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme via Zamarad Assets Berhad (“ZAB”).
    20 Oct 2020 Termination of 2015 Employees’ Share Scheme (“ESS”) and implementation of a new ESS.
    7 Sep 2020 Issuance of Tranche 4 of RM127.0 million of RM2.0 billion Sukuk Murabahah ABS Programme via ZAB.
    22 Jun 2020 RCE has been included to the constituents of the FTSE4Good Bursa Malaysia (“F4GBM”) Index during the review period of June 2020, reflecting our dedication towards strong environment, social and governance practices.
  • 19 Nov 2019 Issuance of Tranche 3 of RM128.0 million of RM2.0 billion Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme via Zamarad Assets Berhad (“ZAB”).
    12 Nov 2019 RCE bagged all three awards from The Edge Centurion Club & Corporate Awards 2019 under the Financial Services sector, namely “Highest Growth in Profit After Tax over three years”, “Highest Return on Equity over three years” and “Highest Returns to Shareholders over three years”.
    8 Nov 2019 RCE won the “Best Online Presence” award presented by Focus Malaysia’s Best Under Billion Awards 2019.
    26 Jul 2019 Issuance of Tranche 2 of RM108.0 million of RM2.0 billion Sukuk Murabahah ABS Programme via ZAB.
    29 May 2019 8,947,000 share options granted to eligible employees of the Group.
    27 Mar 2019 Issuance of Tranche 1 of RM265.0 million of RM2.0 billion Sukuk Murabahah ABS Programme via ZAB, a trust-owned special purpose bankruptcy remote vehicle incorporated solely for the Sukuk Programme.

    This marked the Group’s fifth venture into Malaysia’s debt capital market. This perpetual programme is secured against receivables originated by RCE Marketing Sdn Bhd (“RCEM”) and the senior class of first issuance was rated AAA and AA2 by RAM Ratings Berhad.

  • 4 Jul 2018 8,516,000 share options granted to eligible employees of the Group.
    28 May 2018 RCE adopted a dividend payout ratio of within a range of 20% - 40% of its consolidated profit after tax for financial year ending 31 March 2019 onwards as a Dividend Guidance.
    16 Mar 2018 Issuance of Tranche 5 of RM206.5 million of RM900.0 million Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme.

  • 13 Oct 2017 RCE won the “Best in Dividend Yield” award presented by Focus Malaysia’s Best Under Billion Awards 2017.
    11 Sep 2017 Issuance of Tranche 4 of RM180.0 million of RM900.0 million Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme.
    18 Aug 2017 9,137,000 share options granted to eligible employees of the Group.
    16 May 2017 Completion of member voluntary wind up of Tresor Assets Berhad.
    29 Mar 2017 Issuance of Tranche 3 of RM177.0 million of RM900.0 million Sukuk Murabahah ABS Programme.
    3 Mar 2017 Cancellation of the RM420.0 million Medium Term Notes (“MTN”) arising from full and final redemption of all tranches.
    3 Feb 2017 8,689,000 share options granted to eligible employees of the Group.
  • 29 Sep 2016 Issuance of Tranche 2 of RM181.0 million of RM900.0 million Sukuk Murabahah Asset-Backed Securitisation (“ABS”) Programme.
    23 Jun 2016 7,940,000 share options granted to eligible employees of the Group.
    21 Jun 2016 Issuance of Tranche 1 of RM155.48 million of RM900.0 million Sukuk Murabahah ABS Programme via Al Dzahab Assets Berhad (“ADA”), a trust-owned special purpose bankruptcy remote vehicle incorporated solely for the Sukuk Programme.

    This marked the Group’s fourth venture into Malaysia’s debt capital markets. This 7-year programme is secured against receivables originated by RCE Marketing Sdn Bhd (“RCEM”) and the senior class of first issuance was rated AAA and AA3 by RAM Ratings Berhad.
    6 May 2016 Completed Capital Repayment of RM97.5 million.
    26 Apr 2016 Completed disposal of a leasehold 6-storey shop office in Bandar Tasik Selatan, Kuala Lumpur owned by Mezzanine Enterprise Sdn Bhd (“MESB”), a subsidiary of RCE for a cash consideration of RM1.8 million.
    26 Apr 2016 Completed Share Consolidation of 1,363,809,945 ordinary shares of RM0.025 each to 340,952,486 ordinary shares of RM0.10 each in RCE.
  • 31 Dec 2015 Termination of Employees’ Share Option Scheme (“ESOS”) and implementation of a new Employees’ Share Scheme (“ESS”).
    4 Dec 2015 Completed disposal of an office unit in Menara PJ , Selangor owned by RCE Equity Sdn Bhd, a subsidiary of RCE for a cash consideration of RM3.3 million.
    25 Jan 2015 Early redemption of 309,436,998 Redeemable Convertible Non-Cumulative Preference Shares (“RCPS”) of RM0.10 each in RCE at the redemption price of RM0.38 each.
  • 31 Oct 2014 Cancellation of RM1.5 billion Tresor Assets Berhad’s (“Tresor”) Asset-Backed Securitisation (“ABS”) Programme arising from full and final redemption of all tranches.
    14 Oct 2014 Completed acquisition of the entire equity interest in Strategi Interaksi Sdn Bhd (“SISB”) to venture into collection management system which complements RCE existing business in personal financing.
    22 Sep 2014 Early redemption Senior Bond of Tranche I of RM83.8 million of Tresor’s ABS Programme.
    11 Aug 2014 18,639,000 share options granted to eligible employees of the Group.
    16 Jul 2014 Early redemption Senior Bond of Tranche H of RM100.0 million of Tresor’s ABS Programme.
    14 Jul 2014 Early redemption Senior Bond of Tranche F of RM100.0 million of Tresor’s ABS Programme.
    28 Apr 2014 Early redemption Senior Bond of Tranche G of RM100.0 million of Tresor ABS Programme.

  • No Material Events

  • 26 Dec 2012 Early redemption Senior Bond of Tranche E of RM96.9 million of Tresor Assets Berhad’s (“Tresor”) Asset-Backed Securitisation (“ABS”) Programme.
    30 Nov 2012 Completed the Rights issue of 469,436,998 new Redeemable Convertible Non-Cumulative Preference Shares (“RCPS”) of RM0.10 each in RCE at an issue price of RM0.38 per RCPS.
    31 Oct 2012 Bonus issue of 391,197,321 new ordinary shares of RM0.10 each in RCE on the basis of one bonus share for every two existing ordinary shares of RM0.10 held, enlarging the share base to 1,173,592,495 ordinary shares of RM0.10 each.
    1 Jun 2012 Early redemption Senior Bond of Tranche D of RM100.0 million of Tresor ABS Programme.
  • 16 Dec 2011 Early redemption Senior Bond of Tranche C of RM100.0 million of Tresor Assets Berhad’s (“Tresor”) Asset-Backed Securitisation (“ABS”) Programme.
    1 Nov 2011 Completed disposal of the entire holdings in AmFIRST Real Estate Investment Trust (“AmFIRST REIT”).

    The Disposal will provide immediate working capital for the Group and the proceeds will allow the Group to focus on its consumer financing business.
    13 Sep 2011 Early redemption Senior Bond of Tranche B of RM100.0 million of Tresor’s ABS Programme.
    2 Jun 2011 Early redemption Senior Bond of Tranche A of RM100.0 million of Tresor ABS Programme.

    This is one of the cost savings initiatives by the Group to reduce the borrowing costs.
  • 22 Sep 2010 Issuance of Tranche I of RM83.8 million of Tresor Assets Berhad’s (“Tresor”) Asset-Backed Securitisation (“ABS”) Programme of RM1.5 billion.
    15 Jul 2010 Issuance of Tranche H of RM100.0 million of Tresor’s ABS Programme of RM1.5 billion.
    28 Apr 2010 Issuance of Tranche G of RM100.0 million of Tresor’s ABS Programme of RM1.5 billion.
    24 Mar 2010 17,843,900 share options granted to the Company’s directors and employees of the Group.
    1 Mar 2010 RCE shares were reclassified from “Trading Services” sector to the “Finance” sector.
    12 Jan 2010 Issuance of Tranche F of RM100.0 million of Tresor ABS Programme of RM1.5 billion.
  • 15 Sep 2009 Establishment of an Employees’ Share Option Scheme (“ESOS”) for eligible employees and directors of RCE and its subsidiaries (excluding subsidiaries which are dormant).
    10 Aug 2009 Completed private placement of 71,097,134 ordinary shares of RM0.10 each in RCE at an issue price of RM0.5503 per share, increasing the issued and paid-up share capital to 782,068,474 ordinary shares of RM0.10 each.
    25 Jun 2009 Issuance of Tranche E of RM96.6 million of Tresor Assets Berhad’s (“Tresor”) Asset-Backed Securitisation (“ABS”) Programme of RM1.5 billion.
  • 1 Dec 2008 Issuance of Tranche D of RM100.0 million of Tresor Assets Berhad’s (“Tresor”) Asset-Backed Securitisation (“ABS”) Programme of RM1.5 billiion.
    5 Sep 2008 Completed the acquisition of the entire equity interest in Mezzanine Enterprise Sdn Bhd (“MESB”) which is principally involved in trading of properties, options, bonds and investments.
    16 Jun 2008 Issuance of Tranche C of RM100.0 million of Tresor’s ABS Programme of RM1.5 billion.
    4 Apr 2008 Completed private placement of 64,633,700 ordinary shares of RM0.10 each in RCE at an issue price of RM0.455 per share, increasing the issued and paid-up share capital to 710,971,340 ordinary shares of RM0.10 each.
    13 Mar 2008 Issuance of Tranche B of RM100.0 million of Tresor ABS Programme of RM1.5 billion.
  • 23 Nov 2007 Issuance of the first Tranche of RM100.0 million of the RM1.5 billion Asset-Backed Securitisation (“ABS”) Programme via a trust-owned Special Purpose Vehicle company, Tresor Assets Berhad (“Tresor”).

    This marked the Group’s third venture into Malaysia’s debt capital markets. This 5.5-year programme is secured against RCE Marketing Sdn Bhd (“RCEM”) pool of receivables and is accorded AAA-rating by RAM Ratings Berhad. It was also one of the biggest ABS programme in 2007 in terms of total issue size.
    5 Mar 2007 RCE Advance Sdn Bhd (“RCEA”) completed the issuance of its entire RM420.0 million Medium Term Notes (“MTN”) Programme when it issued its final Tranche F of RM70.0 million.
    4 Jan 2007 Completed acquisition of the entire equity interest in RCE Factoring Sdn Bhd (then known as AMDB Factoring Sdn Bhd) (“RCEF”) to complement RCE existing core business in personal financing.

    Principally involved in confirming and factoring services, RCEF allowed RCE to have another profit generating business segment within the financial sector.
  • 21 Dec 2006 Completed disposal of 23,200,000 units of AmFIRST Real Estate Investment Trust (“AmFIRST REIT”) on completion of the restructuring and rebranding exercise of AmFirst Property Trust Berhad (“AMFPT”) to AmFIRST REIT.
    15 Nov 2006 Issuance of Tranche E of RM70.0 million of RCE Advance Sdn Bhd’s (“RCEA”) Medium Term Notes (“MTN”) Programme of RM420.0 million.
    11 Oct 2006 Completed private placement of 21,100,000 new ordinary shares of RM0.10 each in RCE at an issue price of RM0.271 per share, increasing share capital to 646,337,640 ordinary shares of RM0.10 each.
    23 Aug 2006 Promoted to the Main Board of Bursa Malaysia Securities Berhad.
    16 Aug 2006 Issuance of Tranche D of RM70.0 million of RCEA’s MTN Programme of RM420.0 million.
    16 Aug 2006 Bonus issue of 156,309,410 new ordinary shares of RM0.10 each in RCE on the basis of one bonus share for every three existing ordinary shares of RM0.10 held, enlarging the share base to 625,237,640 ordinary shares of RM0.10 each.
    7 Apr 2006 Issuance of Tranche C of RM70.0 million of RCEA’s MTN Programme of RM420.0 million.
    30 Mar 2006 Completed acquisition of the remaining 12.5% stake in RCE Enterprise Sdn Bhd (“RCEE”) for a purchase consideration satisfied by the issuance of 67,415,730 new ordinary shares of RM0.10 at issue price of RM0.2225 per share. As a result, RCE Marketing Sdn Bhd (“RCEM”) became an indirect wholly-owned subsidiary of the Group through RCEE.
    16 Feb 2006 Completed disposal of 14 continuous parcels of land along Jalan Pahang, Kuala Lumpur owned by Effusion.Com Sdn Bhd, a subsidiary of RCE for a cash consideration of RM7.7 million to as part of future streamlining and to raise additional funding for the Group’s core business.
    26 Jan 2006 Issuance of Tranche B of RM70.0 million of RCEA MTN Programme of RM420.0 million.
  • 19 Dec 2005 Issuance of the first Tranche of RM70.0 million of the Fixed Rate Medium Term Notes (“MTN”) Programme of RM420.0 million by the Group’s wholly-owned subsidiary, RCE Advance Sdn Bhd (“RCEA”).

    The MTN Programme totalled RM420.0 million comprised RM240.0 million Class A MTN, RM120.0 million Class B MTN and RM60.0 million Class C MTN which were rated A+, A and BBB+ respectively by Malaysian Rating Corporation Berhad (“MARC”).

    This was RCE’s second venture into the debt capital markets to expand its existing personal financing business.
    13 Sep 2005 Completed acquisition of an additional 29,064,452 units in AmFirst Property Trust Berhad (“AMFPT”), increasing RCE’s total stake to 58,263,526 units.
  • 20 Oct 2004 Issuance of RM45.0 million Fixed Rate Serial Bonds and RM50.0 million Underwritten Commercial Papers by RCE Premier Sdn Bhd (“RCEP”). These Bonds and Commercial Papers were and continue to be rated A and MARC-2 respectively by Malaysian Rating Corporation Berhad (“MARC”)

    This was RCE’s foray into the debt capital markets to fund its growing personal financing business.
    13 Aug 2004 Completed acquisition of the entire issued and paid-up capital of Taifab Sdn Bhd (“TSB”). TSB is an investment holding company whose principal asset is its indirect investment in 29,199,074 units of AmFirst Property Trust Berhad (“AMFPT”).
    16 Jul 2004 Completed disposal of the entire equity interest in POS AD Sdn Bhd, the in-store advertising and provision of on-site product trialing services business of RCE.

    This was in line with the streamlining of the Group’s business operations from media related to financing and investments. Following this, RCE became primarily involved in the provision of general financing services and trading of consumer durable products on hire purchase terms via RCE Marketing Sdn Bhd (“RCEM”).
    28 May 2004 Completed share-splitting exercise in which every 1 ordinary share of RM1.00 each in RCE was subdivided into 10 ordinary shares of RM0.10 each, increasing the share capital to 410,512,500 ordinary shares of RM0.10 each.
    7 May 2004 Completed acquisition of the entire issued and paid-up capital of Pintar Utara (M) Sdn Bhd. It was later renamed RCEP. RCEP is the Special Purpose Vehicle for the Group’s first issuance of Private Debt Securities, which took place in October 2004.
  • 21 Nov 2003 Bonus issue of 21,476,250 new ordinary shares of RM1.00 each in RCE on the basis of 23 shares for every 20 existing ordinary shares held, increasing RCE’s issued and paid-up capital to RM40,151,250.
    9 Oct 2003 Change of name from Rediffusion Berhad to RCE.
    23 Jun 2003 Completed disposal of the entire equity interest in Radio Rediffusion Sdn Bhd (“RRSB”) to Star Commercial Publications Sdn Bhd. RRSB was principally involved in the business of operating a wireless radio broadcasting station, and it held a 10-year license to operate two nationwide radio channels, namely 998 (in Chinese broadcast) and RED 104.9 (in Bahasa Malaysia and English broadcast).
    10 Jun 2003 Completed acquisition of 87.5% equity interest in RCE Marketing Sdn Bhd (“RCEM”), an important step in tapping the retailing of consumer products and financing for government employees.