Hengyuan Investor Relations
Hengyuan Refining Company Berhad ("HRC"), formerly known as Shell Refining Company (Federation of Malaya) Berhad ("SRC"), was incorporated in Malaysia on 19 September 1960.
The company was listed on the Main Board of the then Kuala Lumpur Stock Exchange (now known as the Main Market of Bursa Securities) on 29 October 1962.
On 22 December 2016, Malaysia Hengyuan International Limited (MHIL) acquired 51.0% equity stake in SRC from Shell Overseas Holdings Limited for USD66.3 million. MHIL is wholly-owned by Hengyuan Holdings Limited, which in turn, is a wholly-owned subsidiary of Shandong Hengyuan Petrochemical Company Limited. HRC is principally engaged in refining and manufacturing of petroleum products to required quality specifications. These include Liquified Petroleum Gas, Naphtha, Gasoline, Mixed Aromatics, Gasoil, Jet Kerosene and Fuel Oil components. It currently manages and operates a 156,000 barrels-per-day refinery in Port Dickson, Negeri Sembilan and employs more than 500 comprising of staff and contractors.