Golden Pharos Bhd will sell its downstream timber products overseas in a strategic partnership with Supreme Group, the largest timber company in Selangor.
Golden Pharos said its subsidiary Pesama Timber Corporation Sdn Bhd had signed a Memorandum of Understanding with Supreme Group’s unit Forest Avenue International on the partnership.
Golden Pharos chief executive officer Muhd Zaki Hamzah said the partnership would capitalise on Forest Avenue’s expertise and market knowledge to guide Pesama in expanding its market segments, particularly in “finger-joint’ and “moulding” timber commercialisation.
“With the Supreme Group’s existing market presence in the US and Europe, this collaboration opens doors for Pesama to tap into new opportunities and establish a foothold in this new market.
“By leveraging the company’s experience, Pesama aims to enhance the value of its timber products and cater to the demands of this overseas market,” Muhd Zaki said at the signing ceremony here today.
Pesama chairman Saiful Azmi Suhaili said penetrating the US and Europe market was a significant milestone for the company and highlighted its commitment to exploring further collaboration opportunities to expand its downstream business.
Saiful said Forest Avenue would provide guidance to Pesama regarding product specifications, workforce skills, technology and ongoing collaboration opportunities.
“Pesama is always open to establishing partnerships with any party to ensure the further expansion of its downstream business products, considering that its downstream products are still in the introductory stage compared to industry giants within the country,” he added.
Tuan Mohd Badaruddin bin Ismail is a seasoned financial executive and corporate leader. Since 2021, he has served on the Board of Pesaka Terengganu Berhad, supporting strategic oversight in its timber operations. His extensive finance background—including executive roles at Golden Pharos, Telecommunication firms, and Plywood subsidiaries—offers a strong governance foundation. His ongoing contributions as CEO of Terengganu Telecommunications further highlight his leadership reach across multiple sectors.
Tuan Haji Zainal Abidin bin Mohamed plays a significant governance role at Pesaka Terengganu Berhad as a board-level member aligned with state interests. His involvement ensures that the company adheres to best practices in sustainability, corporate accountability, and local development.
Tuan Haji Ghazali bin Sulaiman is both a politician and corporate board member from Terengganu. He’s been serving as the PAS MLA for Bukit Besi since 2023, after a close contest in 2018. Alongside his political duties, he holds a board position at Pesaka Terengganu Berhad, overseeing the company’s direction. Recognized for his service, he received the AMT state award in 2025.
YB Tuan Haji Wan Hassan bin Mohd Ramli is a Malaysian politician from the Islamic Party of Malaysia (PAS), currently serving under the Perikatan Nasional (PN) coalition. He has been the Member of Parliament (MP) for Dungun, Terengganu, since 2013. Born in 1957, he previously served as a State Executive Council member (EXCO) in Terengganu, handling Youth, Sports, Culture, and Tourism from 1999 to 2004.
Before his political career, he worked with the Inland Revenue Board (LHDN) and later became Chairman of the National Water Services Commission (SPAN) from 2020 to 2022. He is actively involved in parliamentary debates and frequently raises issues concerning public welfare, infrastructure, and cost of living. Known for his long-standing dedication to PAS, he continues to represent and serve the people of Dungun.