Hup Seng Industries Bhd. (HSIB) was incorporated on 4 October, 1991 and was later listed on the Main Board of Bursa Malaysia Securities Berhad on 2 November, 2000. HSIB has three (3) subsidiaries companies namely, Hup Seng Perusahaan Makanan (M) Sdn. Bhd. (HSPM), Hup Seng Hoon Yong Brothers Sdn. Bhd. (HSHY), and In-Comix Food Industries Sdn. Bhd. (In-Comix). HSIB is an investment holding company, in which its subsidiary companies engage in the manufacture and sale of crackers/biscuits and confectionery food items.
Back in 1958, Hup Seng ( 合成 ), which translate to "Success with Teamwork" in Chinese, was established as Hup Seng Co., a partnership by the four founding Directors of the Group who are brothers. Due to business expansion and increased capital requirements, Hup Seng Co. was dissolved in 1974 and HSPM was then founded with all the assets and liabilities of the partnership transferred thereto. 3 years later in 1977, HSHY was incorporated to manage trading and in 2005, HSIB acquired 100% equity interest in In-Comix.
Today, Hup Seng is one of the leading crackers/biscuits manufacturer in Malaysia.
HSIB adopted a Dividend Policy distributing an annual dividend payout of at least 60% of the net profit after tax with effect from Financial Year ended 31 December 2009.