Overview & History
  • Acquired the 30% stake that ARA Asset Management Limited has in Am ARA REIT Holdings Sdn Bhd.
  • Increased joint-venture capital commitment for real estate investment in Spain by an addition of €15 million. 
  • Completed 2 super prime developments in London, namely Burlington Gate, with a total estimated GDV of £275 million and Holland Park Villas that has a total estimated GDV of £611 million.  
  • Donated RM2 million for the expansion of the ‘ruang solat’ (place for prayers) and dining hall facilities of Masjid Al-Istiqamah located in Kayangan Heights, Shah Alam.
  • Invested RM66 million for a 35% stake in a joint-venture company to acquire 9,769.43 sq m of office space spread across five floors in Nanjing West Road, Shanghai, China. 
  • Amcorp Power was awarded the IET Industry Award for its Amcorp Gemas 10.32MW Solar Power Plant by the Institution of Engineering and Technology Malaysia (IET), one of the world’s largest engineering institutions.  
  • Entered joint-venture agreement to invest in real estate in Madrid and other cities in Spain with an initial capital commitment of around RM150mil.
  • Disposed entire 20% equity interest in MTrustee Berhad (fka AmTrustee Berhad) to Amcorp Group Berhad for RM1.752 million. 
  • Disposed entire 20% equity interest in Hotel Bangi-Putrajaya (fka Hotel Equatorial Bangi-Putrajaya) to Hotel Equatorial and Bangi Golf Bhd for RM 8.7 million.  
  • Amcorp Mall was recognized as having Malaysia’s largest indoor flea market by the Malaysia Book of Records. 
  • SibuJaya’s “Sapphire East” commercial building won the Commendation Award during the Sarawak Housing & Real Estate Developer Annual Dinner and Excellence Awards.  
  • Entered joint-venture agreement to acquire a leasehold property comprising 49 units of 2-bedroom apartments at Kilmuir House, Ebury Street, in the heart of Belgravia, London for GBP45 million (RM262.35 million). 
  • Entered joint-venture agreement to acquire 14 office and 3 retail units in a 44-storey residential cum commercial high rise building in Nishi-Shinjuku, Tokyo. With the acquisition, AMPROP’s investment in Japanese real estate is close to JPY2.9 billion (RM 102.2 million). 
  • Signed a Renewable Energy Power Purchase Agreement (“REPPA”) with Tenaga Nasional Berhad (“TNB”) to sell electricity produced by 2 mini hydro power plants in Sungai Liang, Raub, Pahang at a feed in tariff concession period of 21 years. The capacity of each plant is 10MW and are expected to be operational by June 2017. 
  • Entered into a €70m property joint venture to invest in Spain’s real estate development and value-add projects. 
  • Entered into joint-venture to invest in real estate in Hong Kong with an initial capital commitment of around HK$349 million. 
  • Issued 296,816,000 Redeemable Convertible Preference Shares (“RCPS”) at par value of RM0.50 each on the basis of 1 RCPS for every 2 existing ordinary shares of RM0.50. The tenure of the RCPS is 5 years and will mature on 30 September 2019. 
  • Disposed entire 40% equity interest in Copthorn Hotel Cameron Highlands (fka Hotel Equatorial Cameron Highlands) to Augustland Sdn Bhd for RM8.551 million.
  • Amprop and four other companies bought Sampson House and Ludgate House, located in Blackfriars, London and undertake to develop five residential buildings, four office towers, and retail and leisure facilities.
  • Amcorp Perting Mini Hydro Power Plant increased capacity to 6MW.
  • Amcorp Gemas 10.25MW Solar Power Plant was awarded Frost & Sullivan’s Solar Systems Company of the Year.
  • Ventured into property development in Japan via two projects; Forest Nanpeidai and Court Annex Roppongi, both of which are located in Tokyo.
  • Disposed 4B Merchant Square in June 2015, with a gain on disposal of about £9.75mil.
  • Disposed its entire 20% equity interest in KESAS Holdings Berhad to Gamuda Berhad for a total cash consideration of RM280 million. The disposal resulted in a gain of approximately RM149.1 million which translates to an EPS of approximately RM0.26 per share. 
  • Amcorp Gemas 10.25MW Solar Power Plant located in Gemas, Negeri Sembilan, commissioned on full capacity and the opening was officiated by Yang Di-Pertuan Besar Negeri Sembilan Tuanku Muhriz Ibni Almarhum Tuanku Munawir. The electricity produced by the Plant is sold to Tenaga Nasional Berhad for a feed-in-tariff concession period of 21 years. The Amcorp Gemas 10.25MW Solar Power Plant was also presented with a certification by the Malaysia Book of Records for being the largest grid-connected solar farm in Malaysia. 
  • Sibu Jaya Township’s Pearl Avenue Residential Homes development was accorded the “Highly Commended : Best Residential Development (East Malaysia)” by the South East Asia Property Awards 2014.
  • Donated RM30,000 to Badan Kebajikan Thalassaemia Malaysia (Berkat), a non-profit charitable organization. Berkat is raising funds for underprivileged HBE Beta Thalassaemia patients to acquire the equipment required during their blood transfusions. 
  • Kayangan Heights, the exclusive residential bungalow development in Shah Alam by Amcorp Prima Realty Sdn Bhd, a wholly owned subsidiary of Amcorp Properties Berhad, was awarded the Malaysia Landscape Architecture Awards (“MLAA”) Excellence Award for the year 2012 by the Institute of Landscape Architects Malaysia (“ILAM”) under the Property Developer Awards in Landscape Planning & Development Category. 
  • Acquired 4B Merchant Square (eastern end of the 4 Merchant Square blocks), a new residential and commercial development located at Paddington Basin, central London for a total purchase consideration of GBP47,129,012 (RM228,575,708). 4B Merchant Square comprises 60 units self-contained 1,2,3 and 4 bedroom apartments with approximately 45,663 sq. ft. and 60 units underground car park spaces. 
  • Donated a dialysis machine worth RM38,000 to the MAA Medicare charity dialysis centre in Kajang.
  • Amcorp Group with the Housing Development Corporation of Sarawak worked with the Ministry of Health in the setting up of a 1 Malaysia Clinic in Sibu Jaya, Sarawak. Two units of double-storey link homes (HDC Garden Terraces) with a value of up to RM200,000 were renovated at a cost of RM110,000 and leased to the Ministry of Health for a token sum of RM1 only. The Clinic will benefit some 30,000 residents of Sibu Jaya. 
  • Amcorp Perting 4MW Mini Hydro Power Plant located in Bentong, Pahang was conferred the Silver Award of Merit 2013 in the field of Renewable Energy, by the Association of Consulting Engineers Malaysia (“ACEM”). 
  • Entered into a joint venture with Singapore listed Hotel Properties Ltd, UK based developers Grosvenor and Native Land to develop a high-rise exclusive residential project with a gross development value of GBP560 million (RM2.83 billion) on a 0.8ha site in Campden Hill, close to the prime High Street Kensington district in central London. The Campden Hill project will comprise 72 units of 1-6 bed private apartments with 78 basement car park spaces. The Campden Hill project is subsequently renamed Holland Park Villas.
  • Acquired partial ownership of Pavillion D of NEO Bankside, an award winning prime residential development located in South Bank, central London for GBP16.5 million (RM80.02 million). The acquisition comprises 53 residential units, 1 retail unit and 4 car park spaces and is acquired for investment and trading purposes.  
  • Disposed the 10-unit apartment development located at 101 Lexham Gardens, London for GBP9.3mil (RM46mil) which was previously acquired in 2010 for GBP7.3mil (RM35.9mil) cash.
  • Acquired partial ownership of a freehold and income producing property at 29-30 Old Burlington Street in East Mayfair, central London for GBP23.25 million (RM113.13 million), with the interest to convert the 10 storey commercial office building into a prime residential development.
  • Amcorp Perting Hydro Sdn Bhd wins the prestigious ASEAN Renewable Energy Award under the “On-Grid” category for its submission of the 4MW Sungai Perting Mini Hydro Power Station located in Bentong, Pahang. The award was presented by the ASEAN Centre for Energy at the 30th ASEAN Ministers of Energy Meeting held in Phnom Penh, Cambodia.
  • Disposed a parcel of freehold vacant land measuring 156 acres in Pajam, Negeri Sembilan for a total cash consideration of RM46.27 million translating into a gain of RM27.23 million.
  • Fully disposed off 19 units of the luxury residential apartment development at the prime location of 99 Baker Street, London. The sale contributed RM 25 million to the Group’s results.
  • Lauched Seri Mutiara development at Salak South in Kuala Lumpur, comprising 42 units of link houses, semi-detached and bungalows.
  • Launched the Executive Development Programme, a talent development effort to prepare fresh graduates for bigger roles within the Group.
  • Disposed land in Sepang, Selangor for cash of RM122 million.
  • Disposed its 60% interest in Westlink Global Investments Limited, which held 2 commercial properties/office buildings known as 40/50 Eastbourne Terrace, Paddington, London for cash consideration of RM228 million, resulting in gain on disposal of approximately RM66 million.
  • Acquired retail and office space plus car park bays in Amcorp Trade Centre for cash consideration of RM75m, representing a discount of 15.60% to market value of RM88.9m appraised by independent valuer, Rahim & Co.
  • Disposed interest in associate, Lafarge Concrete (Malaysia) Sdn Bhd for cash of RM10.2m.
  • Disposed land and textile factories in Taiping, Perak.
  • Kenanga Woods, Kayangan Heights, Shah Alam comprising of 27 units bungalows launched.
  • AMDB Berhad was renamed as Amcorp Properties Berhad.
  • Acquired 95-99 Baker Street, which will be converted from its current commercial status into a mixed residential and commercial property by 2012.
  • Acquired a property comprising of 10 self-contained apartment units in Lexham Gardens via Riverich Limited.
  • Completed a strategic transformation to focus on property, engineering and infrastructure. Disposed Harpers Travel, Restoran Seri Melayu and J. Walter Thompson to Amcorp Group Berhad. Acquired Kayangan Heights in Shah Alam and the on-going township development of Sibu Jaya in Sarawak.
  • Disposed AM SGB Sdn Bhd and Central Spectrum Sdn Bhd.
  • Taman Bayu Mutiara, Seberang Perai, Penang completed and fully sold.
  • AMBCT successfully completed and handed over 2 electrical sub-stations to DEWA.
  • Acquired 60% interest in Westlink Global Investment Limited, the owner of 2 freehold offices known as 40 and 50 Eastbourne Terrace located in Paddington, an established and prominent office location in the city of London, United Kingdom.
  • AMDB Perting Hydro successfully commissioned its mini-hydro power plant in Sg. Perting, Pahang.
  • Teratai Villas, Kayangan Heights, Shah Alam comprising of 19 units bungalow completed and fully sold.
  • Completed the disposal of Sebana Holdings Sdn Bhd and its subsidiaries.
  • Completed the disposal of Pulau Indah Marina Resort land.
  • Amcorp Group Berhad emerged as the holding company of AMDB.
  • AMDB Perting Hydro Sdn Bhd signed a Renewable Energy Power Purchase Agreement (REPPA) with Tenaga Nasional Berhad for the development of its maiden 4MW mini hydro project in Sungai Perting, Bentong, Pahang.
  • AMBC Transmission Sdn Bhd participated in a Substation Tender for Dubai Electricity and Water Authority (DEWA).
  • Launched Taman Bayu Mutiara a mixed residential development in Bukit Tengah, Seberang Prai, Penang.
  • Textile division appointed as one of the main suppliers of made-up uniforms under Malaysian Government Contract.
  • Textile division in cooperation with University Technology Mara Malaysia, undertook a joint research to develop a “crease resist and easy care finishing” on fabrics trademarked under the name NuDURA PRESS.
  • Harpers Travel (M) Sdn Bhd was appointed as the exclusive official agent in Malaysia for Walt Disney World in Florida and Disneyland in California, U.S.A, and for Disneyland in Hong Kong.
  • Launched residential scheme Desaria Nilai, in Nilai, Negeri Sembilan.
  • Acquired AMDB Industrial City Sdn Bhd which owns approximately 1,339 acres of land in Sepang, Selangor. 
  • Increased shareholdings in AMBC Transmission Sdn Bhd from 51% to 80%.
  • Disposed Panorama Skyline Sdn Bhd.
  • Completed Desa Wangsuria in Taman Bukit Desa, Kuala Lumpur consisting of 12 choice bungalow lots.
  • Disposed the shareholdings in Kualiti Alam Holdings Sdn Bhd.
  • Completed Seremban Business Centre, Jalan Pasar, Seremban developed by Medan Delima Sdn Bhd in Negeri Sembilan.
  • Acquired additional shares of Kualiti Alam on 23 June 1999 to increase shareholding from 25% to 33.3%.
  • Disposed the shareholdings in Powertek Berhad in June 1998.
  • Completed Menara Pelita, a 24-storey office tower in Kuching, Sarawak.
  • Completed Waterfront Homes Classic 2 and Marina View Bungalow Lots, Sebana Resort, Johor.
  • Supermix Concrete (Malaysia) Sdn Bhd started its first ready-mixed concrete plant in October 1997.
  • 96 units of Seri Duta II Condominium in Taman Duta, Kuala  Lumpur were fully sold and handed over to purchasers.
  • Completed and fully sold Pelita Heights housing scheme in Kuching, Sarawak in June 1997.
  • 18 Holes Golf Course, Sebana Resort, Johor completed and fully playable.
  • Completed Waterfront Homes Classic 1, Sebana Resort, Johor.
  • Joined venture with Majlis Agama Islam Negeri Sembilan to develop a residential scheme, Taman Seri Rahang, Seremban, Negeri Sembilan.
  • Jointly with Majlis Perbandaran Seremban developed an intergerated commercial complex located at the site of the Old Town Hall in Seremban.
  • Restoran Seri Melayu’s new outlet, Restoran Berputar Seri Angkasa in KL Tower was opened on 1st October 1996 by Prime Minister, YAB Dato Seri Dr. Mahathir Mohamed.
  • Pantai Panorama Condomiums at Lembah Pantai, Kuala Lumpur total of 706 units was completed and fully sold.
  • Restoran Seri Melayu was selected “Best Authentic Malay Restaurant” for the year 1996 by Malaysia Tatler Magazine.
  • Panorama Skyline Sdn Bhd, a 70:30 joint venture with Southland Sdn Bhd, was set up to develop 61 acres of land along Jalan Hulu Kelang, Ampang, Selangor.
  • Kesidang Indah Apartment in Melaka Tengah, Malacca completed and fully sold.
  • Silibin Light Industrial Park in Ipoh, Perak completed and fully sold.
  • Entered into a 60:40 joint venture with PKNS to develop the Pulau Indah Marina Resort in Pulau Indah, Selangor.
  • Kualiti Alam Sdn Bhd, an associated company entered into an agreement to build and operate an integrated scheduled waste treatment system.
  • The Sebana Resort clubhouse was officially opened by the Menteri Besar of Johor on 16 December 1995.
  • Completed and fully sold Desa Villa Condominiums and Bukit Desa Condominiums in Taman Bukit Desa, Kuala Lumpur.
  • Completed and fully sold Seri Duta 1 Condomium at Taman Duta, Kuala Lumpur.
  • Developed its first resort, the Sebana Golf and Marina Resort, in Pengerang, Johor in a 60:40 joint venture with YPJ Holdings Sdn Bhd.
  • Arab-Malaysian SGB Sdn Bhd, a 49:51 joint venture with Starkstrom Geraetebau GmbH of Germany, was set up to manufacture transformers.
  • Entered into its first power generation project through Powertek Berhad.
  • Acquired 20% interest in Kualiti Alam Sdn Bhd.
  • Participated in Seremban’s redevelopment programme which includes the construction of Wisma Arab-Malaysian and the Seremban City Centre.
  • Bangunan AMDB in Jalan Lumut, Kompleks Damai which houses AMDB’s head office  and several group companies was officially opened by the Deputy Prime Minister, YAB Dato’ Seri Anwar Ibrahim.
  • Completed and fully sold Phase 1 and Phase 2 of Arab-Malaysian Industrial Park in Nilai, Negeri Sembilan.
  • Acquired 23.3% interest in Central Spectrum (M) Sdn Bhd, the developer of the fully-integrated Pulau Indah Industrial Park, Selangor.
  • Commenced its restaurant business through Restoran Seri Melayu Sdn Bhd.
  • Sentosa Medical Centre commenced operations in January 1993.
  • Entered into its first privatisation project through Kesas Sdn Bhd to construct and operate the Shah Alam Expressway.
  • Arab-Malaysian Blue Star Sdn Bhd, a 51:49 joint venture with Blue Star Ltd of India, was set up to enter into the heating, ventilation and air-conditioning business.
  • AMBC Controls Sdn Bhd, a 60:40 joint venture between AMBC and Petro Metal Industries Sdn Bhd, was set up to manufacture control and relay panels.
  • Completed the construction of new corporate headquarters, Bangunan AMDB (now known as Bangunan AmAssurance) in Jalan Lumut, Kompleks Damai, Kuala Lumpur in September 1993.
  • Sapura Machining Corporation Sdn Bhd commenced operation of its factory in Bangi Industrial Zone.
  • Disposed entire interest in AMMB to Arab-Malaysian Corporation Berhad.
  • Acquired 33% equity interest in Sentosa Medical Centre, a 180-bed specialist medical centre in Kuala Lumpur.
  • Acquired a 30% shareholding in Sapura Machining Corporation Sdn Bhd which manufactures automotive components.
  • Ventured into the hotel industry by acquiring  20% equity in the Equatorial Hotel, Ho Chi Minh City, Vietnam and 50% equity in Vistana Hotel, Kuala Lumpur.
  • Delisted its shares from the Stock Exchange of Singapore on 1st January 1990, maintain listing on Kuala Lumpur stock Exchange.
  • Acquired a 51% shareholding in Sogelease (M) Berhad in a joint venture with Societe Generale of France.
  • Opened a new Sogelease branch in Penang in April 1990.
  • Purchased a 51% stake in Harta Prima Sdn Bhd to develop Bangunan Kassim Chan (now known as Plaza KWSP) at Cangkat Raja Chulan, Kuala Lumpur.
  • Acquired a 25% shareholding in Yarra Films (S) Pte Ltd which provides post film production services.
  • Arab-Malaysian Merchant Bank (AMMB) became the first merchant bank to be listed on KLSE.
  • Bangunan Arab-Malaysian, the new headquarters for the Arab-Malaysian Banking Group in Jalan Raja Chulan, was completed and officially opened by the Prime Minister, YAB Dato Seri Dr. Mahathir Mohamad.
  • Completed and fully sold 40 units of link houses in Taman Bukit Desa, Jalan Kelang Lama, Kuala Lumpur.
  • Arab-Malaysian Best & Crompton Sdn Bhd (AMBC), a 51:49 joint venture with Best & Crompton Engineering Ltd of India, was set up to undertake electrical power engineering
  • Formed Taifab Garments Sdn Bhd.
  • Acquired a minority equity interest in J. Walter Thompson Sdn Bhd, a member of a multinational advertising agency.
  • Joined venture with Perbadanan Kemajuan Negeri Selangor to set up Selaman Sdn Bhd to develop Taman Dato’ Ahmad Razali, Ampang, Selangor.
  • Diversified into tourism and travel industry by acquiring controlling equity interests in Harpers Travel (M) Sdn Bhd and Harpers Tours (M) Sdn Bhd.
  • Living Development completed Taman Kim, comprising two and a half storey terrace houses and low cost flats in Penang.
  • Arab-Malaysian Enterprises Sdn Bhd was set up to undertake factoring and confirming activities. The company was renamed AMDB Factoring Sdn Bhd in 1995.
  • Taiping Textiles Berhad was renamed Arab-Malaysian Development Berhad (AMDB).
  • Diversified into construction through Arab-Malaysian-Toda Construction Sdn Bhd, a 51:49 joint-venture with Toda Construction Co. Ltd of Japan, to build Bangunan Arab-Malaysian in Kuala Lumpur and Hotel Mutiara in Penang.
  • Acquired 2 property companies, Selaju Sdn Bhd and Walleng Enterprises Sdn Bhd.
  • Joined venture with Taimet Concrete Industries Sdn Bhd into ready-mixed concrete manufacturing.
  • Walleng Enterprises Sdn Bhd completed its three storey shophouses and two storey terrace house in Taman Bukit Desa, Jalan Kelang Lama, Kuala Lumpur.
  • Exotic Enterprise Sdn Bhd completed its four and a half storey shop / office / apartments in Brickfields, Kuala Lumpur.
  • Seng Hock Realty Development Sdn Bhd completed Taman Desa Baru, Malacca a residential and commercial project in Melaka.
  • Acquired a 45% shareholding in Arab-Malaysian Development Bank Berhad which was subsequently renamed Arab-Malaysian Merchant Bank Berhad (AMMB).
  • Diversified into property development by acquiring 5 property companies which are Taman Aman Sdn Bhd, Exotic Enterprise Sdn Bhd, Seng Hock Realty Development Sdn Bhd, Living Development Sdn Bhd and Syarikat Kompleks Damai Sdn Bhd.
  • Taman Aman Sdn Bhd completed and fully sold 42 units of single storey and 67 units of double storey link houses at Taman Aman,  Jalan Datuk Lim Hoe Lik in Kuantan, Pahang.
  • The company was listed on the Kuala Lumpur and Singapore Stock Exchanges.
  • Amcorp Properties Berhad (formerly AMDB Berhad and prior to that, Arab-Malaysian Development Berhad) began as Taiping Textiles Ltd, manufacturing textile for the local and export market.
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