Lim Tong Lee
Independent Director and Chairman
Appointed to Board 1 July 2023. Remuneration chair; Audit and Nominating member. Re-elected 29 July 2026. As reported at 2026-07-29JB Foods BEW
SGD 0.805
+4.35% +0.04 Updated 13 Nov 2026, 17:16 SGT
Company profile
The business, the people and the ownership behind JB Foods.
Business overview
About the company
JB Foods Limited produces and sells cocoa ingredients, including cocoa mass, cocoa butter and cocoa powder, under the JB COCOA brand. Its products are supplied to international trade houses and food, beverage and confectionery manufacturers. The group operates cocoa processing facilities in Malaysia and Indonesia and has sourcing, trading and sales subsidiaries across other markets.
Listed security
Company & listing
- Full Company Name
- JB FOODS LIMITED
- Trading Currency
- SGD
- Website
- www.jbcocoa.com
- Listing
- Listed on 23 July 2012 on SGX Mainboard
- ISIN Code
- SG1BH1000008
Board & management
Leadership
Five Board directors and one alternate; four additional executive officers, two joint secretaries including the CFO, and a separate Risk Management chair. April 2026 executive promotions are post-year-end. Roles at other issuers are not JB Foods executive appointments.
Dr Goi Seng Hui
Non-Executive, Non-Independent Director and Vice Chairman
Appointed 1 March 2013. Audit and Remuneration member. Re-elected 29 July 2026. Executive chair roles at other issuers are not executive roles at JB Foods. As reported at 2026-07-29Tey How Keong
Executive Director and Chief Executive Officer
Board appointment 3 January 2012. Nominating and Risk Management member. Chairman and CEO are separate persons. As reported at 2026-07-29Goh Lee Beng
Executive Director
Appointed 4 May 2012. Spouse of Tey How Keong; cocoa sourcing and trading activities. As reported at 2026-07-29Sho Kian Hin
Independent Director
Appointed 23 July 2024. Audit and Nominating chair; Remuneration and Risk Management member. As reported at 2026-07-29Loo Wen Lieh
Alternate Director to Dr Goi Seng Hui
Appointed 23 May 2013. Risk Management member. Alternate director, not an additional independent director or JB Foods financial controller; his Group Financial Controller role is at Tee Yih Jia. As reported at 2026-07-29Ong Kim Teck
Head of Group Project and Procurement
Promoted January 2023; joined April 2002. As reported at 2026-07-14Saw Poh Chin
Chief Marketing Officer
Promoted April 2026; previously Head of Group Sales, Marketing & R&D. This is a post-year-end promotion disclosed in the annual report. As reported at 2026-07-14Wong Wing Hong
Chief Financial Officer
Also Joint Company Secretary in corporate information; one person with both roles. Risk Management member. As reported at 2026-07-14Tey Yu Xiang
Chief Commercial Officer
Promoted April 2026, after year end. Risk Management member; son of CEO Tey How Keong and executive director Goh Lee Beng. As reported at 2026-07-14Ong Beng Hong
Joint Company Secretary
Joint secretary with Wong Wing Hong. As reported at 2026-07-14Chin Koon Yew
Chairman
Risk Management Committee chair; corporate information does not list him as a current Board director. As reported at 2026-07-1429 July 2026 AGM
Lim Tong Lee and Goi Seng Hui re-elected
Eight resolutions passed, including final dividend and BDO reappointment; current board attendance is separately listed on page 1. As reported at 2026-07-29Remuneration Committee meeting timing
23 April 2026 review followed the financial year end
Issuer response explains no RC meeting fell within 1 April 2025–31 March 2026; prior meetings 27 February 2024 and 26 February 2025 fall within the 15-month prior period. Do not present the absence of an in-period meeting as no remuneration oversight. As reported at 2026-07-23Roles listed in Annual Report 2026; current appointments are not independently verified.
Holdings
Ownership
20 registered accounts and ten substantial-holder rows as at 30 June 2026. Annual notes 2/3 and 4/5 contain share-count inconsistencies versus the adjacent table; source table fields and note numbers are both retained and qualified. Directors statement and major-shareholder table use different deemed-interest scopes. Two upstream JBC transfers changed deemed interests without transfers of listed issuer shares.
JB COCOA GROUP SDN BHD
Direct 147,915,754 (42.69%); deemed – (–%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. As reported at 2026-06-30TEY HOW KEONG
Direct 5,984,805 (1.73%); deemed 147,915,754 (42.69%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. Table prints deemed 147,915,754, but notes 2/3 incorrectly refer to 346,514,246 shares held by JBC (the total issued capital). Table field and original note discrepancy retained. This major-holder schedule excludes spouse-direct interests separately included in the directors statement. As reported at 2026-06-30GOH LEE BENG
Direct 7,870,704 (2.27%); deemed 147,915,754 (42.69%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. Table prints deemed 147,915,754, but notes 2/3 incorrectly refer to 346,514,246 shares held by JBC (the total issued capital). Table field and original note discrepancy retained. This major-holder schedule excludes spouse-direct interests separately included in the directors statement. As reported at 2026-06-30ECOM AGROINDUSTRIAL CORP. LIMITED
Direct 37,851,429 (10.92%); deemed – (–%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. As reported at 2026-06-30UNICHOCOLA PTE. LTD.
Direct – (–%); deemed 37,851,429 (10.92%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. Table prints deemed 37,851,429, but notes 4/5 still refer to ECOM holding 33,120,000. Original table and stale note numbers retained, without silently reconciling them. Beneficiary descriptions in the trust notes are preserved; no additional direct issuer shares inferred. As reported at 2026-06-30IECOM PTE. LTD.
Direct – (–%); deemed 37,851,429 (10.92%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. Table prints deemed 37,851,429, but notes 4/5 still refer to ECOM holding 33,120,000. Original table and stale note numbers retained, without silently reconciling them. Beneficiary descriptions in the trust notes are preserved; no additional direct issuer shares inferred. As reported at 2026-06-30JORGE ESTEVE CAMPDERA AND GRANDCHILDREN
Direct – (–%); deemed 37,851,429 (10.92%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. Table prints deemed 37,851,429, but notes 4/5 still refer to ECOM holding 33,120,000. Original table and stale note numbers retained, without silently reconciling them. Beneficiary descriptions in the trust notes are preserved; no additional direct issuer shares inferred. As reported at 2026-06-30ISABEL RECOLONS ESTEVE AND LINEAL DESCRENDENTS
Direct – (–%); deemed 37,851,429 (10.92%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. Table prints deemed 37,851,429, but notes 4/5 still refer to ECOM holding 33,120,000. Original table and stale note numbers retained, without silently reconciling them. Beneficiary descriptions in the trust notes are preserved; no additional direct issuer shares inferred. As reported at 2026-06-30TEE YIH JIA FOOD MANUFACTURING PTE LTD
Direct 95,637,048 (27.60%); deemed – (–%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. As reported at 2026-06-30GOI SENG HUI
Direct 2,349,257 (0.68%); deemed 95,637,048 (27.60%)
Direct and deemed interests overlap across holders and are not summed. Source spelling retained. As reported at 2026-06-30Issued shares and shareholder distribution
346,514,246 ordinary shares; 799 holders
One vote per ordinary share on a poll. Five distribution bands sum to the original totals. As reported at 2026-06-30Top 20 accounts
321,386,644 shares (92.75%)
Registered accounts include separately disclosed substantial holders; not additional beneficial holdings. As reported at 2026-06-30Public shareholding
Approximately 13.86%
Issuer statement at 30 June 2026; no ultimate beneficial holdings inferred from nominee accounts. As reported at 2026-06-30Directors year-end interests
Tey deemed 155,786,458; Goh deemed 153,900,559; Goi deemed 95,637,048
31 March 2026 register, unchanged at 21 April. Directors statement explicitly includes spouse-direct holdings: Tey 147,915,754 + Goh direct 7,870,704; Goh 147,915,754 + Tey direct 5,984,805. Later substantial-holder table shows only JBC deemed interest. Different disclosed scopes are preserved, not summed. As reported at 2026-04-21Rights issue allotment and listing
43,314,280 rights shares at S$0.45; issued shares 303,199,966 to 346,514,246
Official announcement says allotted and issued 30 May 2025, listed/traded 3 June. Annual Note 19 says completed 6 June 2025; separately worded original dates retained. One rights share for every seven existing shares. As reported at 2025-06-03Rights issue proceeds
S$19.4 million fully utilised; balance Nil
20 January 2026 issuer notice: general working capital, payments to bean suppliers. This is use of existing equity proceeds, not another share issue. As reported at 2026-01-20Estate of Lim Ah Bet @ Chabo
Deemed 147,915,754 (42.69%) to zero
Effective 5 November 2025; awareness/notification 17 December, broadcast 18 December. Estate transferred its 20.0% of JBC to Tey How Keong, increasing his JBC ownership from 36.0% to 56.0%. No issuer shares transferred; Tey/Goh were already deemed interested in all JBC issuer shares. As reported at 2025-12-17Tey Kan Sam @ Tey Hin Ken
Deemed 147,915,754 (42.69%) to zero
24 April 2026 transfer of his 30.0% JBC holding to certain family members. Form explicitly says no issuer shares were transferred; cessation of deemed interest, not a sale of 147,915,754 listed shares. As reported at 2026-04-24Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered & depository holders 20 holders
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-06-30 · PDF p. 155
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| JB COCOA GROUP SDN BHD | 147,915,754 shares (42.69%) | PDF p. 1552026-06-30 | |
| TEE YIH JIA FOOD MANUFACTURING PTE LTD | 95,637,048 shares (27.60%) | PDF p. 1552026-06-30 | |
| KGI SECURITIES (SINGAPORE) PTE. LTD | 37,933,189 shares (10.95%) | PDF p. 1552026-06-30 | |
| TENG NAM SENG | 9,500,000 shares (2.74%) | PDF p. 1552026-06-30 | |
| GOH LEE BENG | 7,870,704 shares (2.27%) | PDF p. 1552026-06-30 | |
| TEY HOW KEONG | 5,984,805 shares (1.73%) | PDF p. 1552026-06-30 | |
| GOI SENG HUI | 2,349,257 shares (0.68%) | PDF p. 1552026-06-30 | |
| CITIBANK NOMS SPORE PTE LTD | 2,315,328 shares (0.67%) | PDF p. 1552026-06-30 | |
| TAN PENG KIM | 1,450,000 shares (0.42%) | PDF p. 1552026-06-30 | |
| DBS NOMINEES PTE LTD | 1,352,783 shares (0.39%) | PDF p. 1552026-06-30 | |
| PHILLIP SECURITIES PTE LTD | 1,189,836 shares (0.34%) | PDF p. 1552026-06-30 | |
| IFAST FINANCIAL PTE LTD | 1,135,101 shares (0.33%) | PDF p. 1552026-06-30 | |
| MOOMOO FINANCIAL SINGAPORE PTE. LTD. | 1,107,071 shares (0.32%) | PDF p. 1552026-06-30 | |
| MAYBANK SECURITIES PTE. LTD. | 991,619 shares (0.29%) | PDF p. 1552026-06-30 | |
| SAW POH CHIN | 880,800 shares (0.25%) | PDF p. 1552026-06-30 | |
| RAFFLES NOMINEES (PTE) LIMITED | 846,510 shares (0.24%) | PDF p. 1552026-06-30 | |
| PEH TEIK SENG | 840,000 shares (0.24%) | PDF p. 1552026-06-30 | |
| ONG TONG YANG @WONG TONG YANG | 800,000 shares (0.23%) | PDF p. 1552026-06-30 | |
| TOH ONG TIAM | 653,800 shares (0.19%) | PDF p. 1552026-06-30 | |
| UOB KAY HIAN PTE LTD | 633,039 shares (0.18%) | PDF p. 1552026-06-30 | |
Group structure
Main operating subsidiaries and other group entities
13 subsidiaries: six held by the Company and seven through named intermediate subsidiaries. Eleven have 100% effective interest, PT Jebe Trading Indonesia 99.94% and PT Jebe Koko 99.92%. Dormant JB Cocoa EBNJ LLC remains a subsidiary. JBC Group is an external controlling shareholder.
| Company | Market | Ownership interest |
|---|---|---|
| JB Cocoa Sdn BhdHeld by Company. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Malaysia; 2026 100%; 2025 100%; Production and sale of cocoa ingredients products | |
| JB Foods Global Pte. Ltd.Held by Company. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Singapore; 2026 100%; 2025 100%; Procurement, sales and marketing of cocoa beans, cocoa ingredients and related products | |
| JB Cocoa AGHeld by Company. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Switzerland; 2026 100%; 2025 100%; Trading of cocoa ingredients products | |
| JBC Europe OUHeld by Company. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | The Republic of Estonia; 2026 100%; 2025 100%; Trading of cocoa ingredients products and Property leasing | |
| JB Sourcing CIHeld by Company. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Republic of Cote D’Ivoire; 2026 100%; 2025 100%; Procurement of cocoa beans | |
| JB Cocoa CIHeld by Company. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Republic of Cote D’Ivoire; 2026 100%; 2025 100%; Production and sale of cocoa ingredients products | |
| JB Cocoa Trading (M) Sdn. Bhd.Held by JB Cocoa Sdn Bhd. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Malaysia; 2026 100%; 2025 100%; Trading of cocoa ingredient products | |
| JB Cocoa Holding Inc.Held by JB Foods Global Pte. Ltd.. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | United States of America; 2026 100%; 2025 100%; Investment holding company | |
| JB Cocoa Foods (China) Co., LtdHeld by JB Foods Global Pte. Ltd.. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | People’s Republic of China; 2026 100%; 2025 100%; Trading of cocoa ingredient products | |
| PT Jebe Trading IndonesiaHeld by JB Foods Global Pte. Ltd.. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1162026-03-31 | Indonesia; 2026 99.94%; 2025 99.94%; Trading of cocoa ingredient products | |
| PT Jebe KokoHeld by PT Jebe Trading Indonesia. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1172026-03-31 | Indonesia; 2026 99.92%; 2025 99.92%; Production and sale of cocoa ingredients products | |
| JB Cocoa, Inc.Held by JB Cocoa Holding Inc. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1172026-03-31 | United States of America; 2026 100%; 2025 100%; Trading of cocoa ingredient products | |
| JB Cocoa EBNJ LLCHeld by JB Cocoa Holding Inc. Percentages are effective equity interests, not inferred immediate legal percentages.PDF p. 1172026-03-31 | United States of America; 2026 100%; 2025 100%; Dormant | |
| JB Cocoa Group Sdn BhdJBC owns shares in the listed issuer; do not reverse the parent relationship or consolidate this shareholder as a subsidiary.PDF p. 1562026-06-30 | Controlling shareholder; not a subsidiary | |
| Company investment in subsidiariesCompany asset basis, not additional consolidated Group assets. Loan is not expected to be repaid within foreseeable future.PDF p. 1152026-03-31 | 156,082 thousand: shares at cost 136,582 plus loan deemed investment 19,500 | |
| JB Cocoa CI and JB Sourcing CI capital subscriptionsFY 2026 subscriptions by the Company to existing wholly owned subsidiaries; not new issuer shares or acquisitions of additional ownership percentages.PDF p. 1172026-03-31 | JB Cocoa CI 1,639,895 new shares / US$29,332,000; JB Sourcing CI 39,000 / US$696,000 | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
Key management
Key management
| Item | Value | Period / scope | Source |
|---|---|---|---|
| ONG KIM TECK | HEAD OF GROUP PROJECT AND PROCUREMENT | PDF p. 17 | |
| SAW POH CHIN | CHIEF MARKETING OFFICER | PDF p. 17 | |
| WONG WING HONG | CHIEF FINANCIAL OFFICER | PDF p. 18 | |
| TEY YU XIANG | CHIEF COMMERCIAL OFFICER | PDF p. 18 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
Other disclosures
Related party transactions
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Tee Yih Jia Food Manufacturing Pte Ltd | SGD 675,000 | Group, FY2026 (year ended 31 March 2026); interest paid on SGD 40.0 million loans; controlling shareholder; aggregate value under shareholders' mandate: Nil | PDF p. 92 |
| Interest expenses | 510 US$'000 | Group, Shareholder transactions, financial year ended 31 March 2026 (comparative 15-month period 1 January 2024 to 31 March 2025: 840) | PDF p. 140 |
| Dividend income | 30,000 US$'000 | Company, Subsidiaries, financial year ended 31 March 2026 (comparative 15-month period: 10,000) | PDF p. 140 |
| Advances (to)/from | (11,915) US$'000 | Company, Subsidiaries, financial year ended 31 March 2026 (comparative 15-month period: 8,288) | PDF p. 140 |
| Interest income | 84 US$'000 | Company, Subsidiaries, financial year ended 31 March 2026 (comparative 15-month period: 472) | PDF p. 140 |
| Compensation of key management personnel (total) | 6,105 US$'000 | Group, financial year ended 31 March 2026 (comparative 15-month period: 1,636; Company 243 vs 279) | PDF p. 141 |
Contingent liabilities
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Corporate guarantees provided to banking facilities of subsidiaries | 269,746 US$'000 | Company, 31 March 2026 (31 March 2025: 197,000) · As at 2026-03-31 | PDF p. 147 |
| Fixed deposits pledged with licensed banks | (529) US$'000 | Group, 31 March 2026 (2025: (1,239)) · As at 2026-03-31 | PDF p. 120 |
Director remuneration
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Tey How Keong (Executive) | 4,496 S$'000 | FY2026 total remuneration, S$'000 (salary 352, bonus 4,130, other benefits 14) | PDF p. 84 |
| Goh Lee Beng (Executive) | 2,274 S$'000 | FY2026 total remuneration, S$'000 (salary 200, bonus 2,069, other benefits 5) | PDF p. 84 |
| Lim Tong Lee | 62 S$'000 | FY2026 director's fees, S$'000 | PDF p. 84 |
| Dr Goi Seng Hui | 42 S$'000 | FY2026 director's fees, S$'000 | PDF p. 84 |
| Sho Kian Hin | 58 S$'000 | FY2026 director's fees, S$'000 | PDF p. 84 |
| total remuneration for these 3 key management personnel | S$938,000 | FY2026, 3 key management personnel (not Directors or CEO) | PDF p. 84 |
| Directors (compensation of key management personnel) | 5,377 US$'000 | Group, financial year ended 31 March 2026 (15-month comparative: 1,048); Company 243 vs 279 | PDF p. 141 |
Employees
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Full-time | 763 employees | Group, as at 31 March 2026 (FY2025: 766) · As at 2026-03-31 | PDF p. 47 |
Subsequent events
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Proposed final dividend | On 30 May 2026, the Directors of the Company proposed a final tax-exempt dividend of S$0.0450 per share | Company, in respect of financial year ended 31 March 2026 | PDF p. 140 |
Outlook
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ivory Coast facility | The Ivory Coast facility is expected to commence operations end of the year 2026, subject to project completion and operational readiness. | CEO's statement | PDF p. 10 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Corporate information
Registration & contacts
- Incorporated In
- SINGAPORE
- Incorporated On
- 03 Jan 2012
- Telephone
- 65 62363333
- Fax
- 65 62364399
- Registered Office
-
80 Robinson Road
#17-02
Singapore 068898 - Secretary
-
Ong Beng Hong
Wong Wing Hong - Registrar / Transfer Agent
- ASCENTIUM CORPORATE SERVICES PTE. LTD.
- Registrar Address
- 36 Robinson Road, #20-01 City House, Singapore 068877
- Auditors
- BDO LLP
- Other Stock Exchange Listings
- *SINGAPORE EXCHANGE LTD.
- Country
- SINGAPORE
- Security Type
- stocks