Corporate Profile & Structure
ELK-Desa Resources Berhad is incorporated and domiciled in Malaysia. It was listed on the Main Market of Bursa Malaysia Securities Berhad on 18 December 2012.
ELK-Desa Resources Berhad has two business segments through its wholly-owned subsidiaries, ELK-Desa Capital Sdn Bhd and ELK-Desa Furniture Sdn Bhd.
The ELK-Desa Capital Group is primarily involved in the business of hire purchase financing for used motor vehicles as well as selling general insurance policies as an insurance agent.
The ELK-Desa Furniture Group is primarily involved in the business of trading and wholesaling of home furniture.
# Premier Auto Assets Berhad (“PAAB”) is included as a deemed subsidiary company of ELK-Desa Capital Sdn Bhd as a result of compliance with applicable accounting standards. This is a special purpose vehicle owned by SPV Corporate Services Sdn Bhd as share trustee for undertaking asset-backed securitisation. In June 2022, the assets-backed securitisation programme was terminated and PAAB became inactive.