KUALA LUMPUR (Nov 12): DSR Taiko Bhd (KL:DSR), a durian plantation company currently listed on the LEAP Market, said on Tuesday it has been asked to consider transferring its listing to the ACE Market.

DSR Taiko's major shareholders and directors, Datuk Ng Lian Poh and Ng Soh Kian, have requested the board to consider the proposed transfer, according to the company's bourse filing on Tuesday. Lian Poh holds a 34.72% stake in DSR Taiko, while Soh Kian owns 31.8%, Bloomberg data showed.

The board, except the duo who are unrelated, “will deliberate on the proposed transfer”, DSR Taiko said without elaborating further.

DSR Taiko is involved in the entire durian agribusiness value chain, covering both upstream and downstream activities. The company's operations include the cultivation and harvesting of durians, retail sales of fresh durians, as well as the production and distribution of durian-based products.

For the financial year ended June 30, 2024 (FY2024), DSR Taiko's net profit surged threefold to RM3.53 million thanks to higher harvests from its matured orchards and increased export sales of durian-based products. Revenue rose 66% to RM18.29 million from RM10.96 million in FY2023.

The Pahang-based company is currently seeking additional durian plantation lands in the Raub and Bentong regions to expand its landbank, according to its latest audited financial statement.

DSR Taiko's existing orchards have over 4,800 durian trees, primarily in Raub and Bentong, with 800 trees aged over 25 years, according to information on the company’s website.