Green Ocean Corporation

What Green Ocean Corporation does

Green Ocean Corporation Berhad is a Malaysian public investment holding company incorporated in 2003 and listed on the ACE Market of Bursa Malaysia Securities Berhad (stock code: 0074, ticker: GOCEAN). The Group historically operated in crude palm kernel oil (CPKO) production and refined palm oil trading but exited the business due to persistently low CPKO prices and weak demand; its edible oil subsidiary was divested in April 2024 for RM100,000. Following shareholder approval in July 2023, the Group has pivoted into the food and beverage sector, distributing frozen processed food and trading alcohol-related products domestically in Malaysia through two wholly-owned subsidiaries, Ace Distributions Sdn. Bhd. (incorporated January 2022) and Ace Pacific Sdn. Bhd. (commenced operations May 2023).

The operating model is a B2B direct distribution and trading model, selling frozen processed food and alcohol-related products to food ingredient traders and retailers within Malaysia. There is no proprietary technology platform disclosed; the offering is essentially a logistics and trading operation leveraging standard F&B supply chain activities, supplemented by import and export capability at the APSB level. Revenue is generated through transactional sales with pricing not publicly disclosed, and no customer logos, contract values or ARR signals are available in the public material. The Group maintains a corporate office in Petaling Jaya and a factory address in Klang, with a leadership team comprising an Executive Director and three Independent Non-Executive Directors (one appointed in June 2025).

Customer acquisition is handled through direct B2B relationships rather than digital channels; the Group's marketing presence consists of a corporate website, investor relations portal, Bursa Malaysia announcements and historical press coverage from 2008-2009. There are no patents, trademarks, certifications, partnerships, awards, or AI/ML capabilities disclosed. The Group's headcount is reported at 51-100 employees, consistent with its position as an SME on Malaysia's ACE Market.

Name

Green Ocean Corporation

Legal name

Green Ocean Corporation Berhad

Website

https://greenoceancorp.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Green Ocean Corporation Berhad is a Malaysian ACE Market-listed investment holding company that, after exiting palm oil, now operates B2B distribution of frozen processed food and trading of alcohol-related products to Malaysian food ingredient traders and retailers via subsidiaries Ace Distributions and Ace Pacific.

Ownership category

akta.pro rank

Product category

Food and Beverage Distribution

NAICS

Fish and Seafood Merchant Wholesalers (42446), Seafood Product Preparation and Packaging (3117), Seafood Product Preparation and Packaging (31171)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Prepared Fresh Or Frozen Fish & Seafoods (2092), Beverages (2080)

akta.pro primary industry

Frozen Seafood Meals & Value-Added Seafood (CRADADAG)

akta.pro secondary industries

Alcoholic Beverage Brand Owners & Holding Companies (Multi-category Portfolios) (CRADAIAL), Chilled/Refrigerated Prepared Meat & Seafood Meals (AFANAFAD)

Keywords

• Frozen food distribution
• Beverage product trading
• F&B distribution
• Alcohol product trading
• Investment holding company

Headquarters

HQ city

Klang

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. F&B Distribution and Trading: The Group generates revenue through the distribution and trading of food and beverage (F&B) products, including frozen processed food and alcohol-related products. Revenue is derived from sales to food ingredient traders and retailers. Historically the Group was in palm oil (CPKO) and refined palm oil products but ceased that business; it now operates exclusively in F&B.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Green Ocean Corporation Berhad operates as an investment holding company that distributes frozen processed food and trades alcohol-related products through its wholly-owned subsidiaries Ace Distributions Sdn. Bhd. (ADSB) and Ace Pacific Sdn. Bhd. (APSB). The company sells these products directly to food ingredient traders and retailers throughout Malaysia, having divested its legacy palm oil business in 2024.

Product overview

Green Ocean Corporation Berhad is an investment holding company listed on the ACE Market of Bursa Malaysia. The company operates primarily through two wholly owned subsidiaries: Ace Distributions Sdn. Bhd. (incorporated January 2022) handles frozen processed food distribution, while Ace Pacific Sdn. Bhd. (renamed May 2023, operations started May 2023) manages trading, retail, distribution, import, and export of food and beverage products including alcohol-related products. The Group transitioned from palm oil business (ceased due to persistently low market prices) to the F&B sector, now focused on distribution of frozen processed food and alcohol-related product trading.

Differentiator

Problem solved

Functional benefit

Products and services

• Frozen Processed Food Distribution Distribution of frozen processed food products to food ingredient traders and retailers in Malaysia, operated through wholly-owned subsidiary Ace Distributions Sdn. Bhd. (ADSB).
• Alcohol-Related Product Trading and Distribution Trading, import, and distribution of alcohol-related products to food ingredient traders and retailers in Malaysia, operated through wholly-owned subsidiary Ace Pacific Sdn. Bhd. (APSB).

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• Cargill: Global agribusiness and food distribution giant with significant Asia F&B operations. Provides scale and capital benchmarks relevant to evaluating Green Ocean's positioning as a regional food distributor.
• Thai Union Group: Global frozen and canned seafood company with strong Asia distribution. While primarily a brand-owner and processor, its frozen seafood range overlaps with Green Ocean's frozen processed food distribution, particularly in foodservice channels.
• DKSH Holdings: Swiss-listed market expansion services firm with a major consumer goods distribution business across Southeast Asia including Malaysia. Competes for the same B2B food and beverage distribution mandates as Green Ocean, but at much broader scale and with established principals.
• Maruha Nichiro: Japan's largest seafood company with global operations in processed and frozen seafood. Comparable in the frozen and processed seafood product category that Green Ocean distributes via Ace Distributions.

Regional players

• Mewah International: Singapore-headquartered edible oils and fats producer with downstream branded consumer products across ASEAN. Relevant because it shares Green Ocean's palm-oil heritage and now competes in branded consumer F&B distribution in the region.

Others

• Wilmar International: Asia's largest agribusiness group with extensive edible oils, food products and distribution operations. Comparable in being a Malaysian/regional F&B and oils operator; a clear large-scale incumbent against Green Ocean's distribution activities.

Direct peers

• Lay Hong Berhad: Malaysian integrated poultry and frozen food producer with domestic distribution. A closer size match to Green Ocean and serves overlapping Malaysian downstream frozen-food customers.
• QL Resources Berhad: Large Malaysian F&B conglomerate with downstream distribution across frozen, dairy and convenience food. Operates at significantly larger scale but serves the same Malaysian downstream customer base as Green Ocean's frozen and F&B distribution subsidiaries.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/green-ocean-corp-bhd-gocb-

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Ocean Corporation