Kuala Lumpur Kepong Berhad's (KLK) Lee family's business territory continues to expand, with Datuk Lee Soon Hian holding 50.6% of TMK Chemical Berhad. He has submitted a draft prospectus to the Securities Commission for its upcoming initial public offering (IPO) on the main board.

Lee Soon Hian is the younger brother of Tan Sri Datuk Lee Ah Kian and the person who co-founded TMK Chemical Berhad with his brother Datuk Lee Hsiao Sian in 1989, and in 2006, he acquired his brother's shares to expand the company.

TMK Chemical's IPO plans is to issue 220 million new shares, with 30 million shares available for public subscription in Malaysia, 10 million shares reserved for indigenous investors, and 190 million shares to be privately placed with designated institutional investors.

TMK Chemical is engaged in the management of inorganic chemicals, covering procurement, processing, and distribution of inorganic chemicals. Currently, it operates 15 plants in Malaysia, Singapore, and Vietnam.

Proceeds from this listing will be used to expand the facilities of Plant 1 in Bukit Tinggi, primarily to construct a new chlor-alkali manufacturing plant to enhance upstream production capacity. Additionally, the company will build new facilities in Singapore for chemical processing and distribution, further expanding its business coverage and market share in Singapore.

Moreover, the company plans to acquire and invest in other inorganic chemical companies, with specific companies yet to be determined.

In 2023, the company achieved revenue of RM 1.36 billion, with Malaysia contributing 54.3% of the revenue, while foreign markets, especially Singapore and Vietnam, contributed 20% each.