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ESG

How Olympus Is Redefining The Future Of Facilities Management

Facilities management has rarely been regarded as an industry synonymous with innovation. For decades, it has largely been viewed as an operational necessity—a business function focused on maintaining buildings, keeping environments clean and ensuring day-to-day upkeep behind the scenes. Yet beneath the surface, the industry is undergoing a quiet transformation. CEO of Olympus Management & Services (M) Sdn Bhd – Harvinderjit Singh & Edreena Kaur. As businesses become increasingly focused on operational efficiency, sustainability, ESG compliance and smarter asset management, facilities management is emerging as a strategic function capable of influencing productivity, environmental performance and long-term business value. It is precisely at this intersection where Olympus Management & Services (M) Sdn Bhd has chosen to position itself. Rather than competing solely on manpower or pricing, the Malaysian company is building a business centred on operational innovation, sustainable technologies and intelligent systems—challenging long-held perceptions of what facilities management can become.   An Industry Ready for Reinvention Many businesses continue to associate facilities management with routine maintenance, cleaning schedules and landscape services. Olympus sees something much larger. The company believes the future belongs to facilities management providers capable of integrating technology, operational intelligence and environmental responsibility into every aspect of service delivery. This philosophy has shaped the company’s evolution into a premium provider of integrated facilities solutions serving commercial developments, corporate offices, educational institutions, industrial facilities, condominiums and high-value properties across Malaysia. Its services extend beyond professional cleaning and landscaping to include hygiene management, deep cleaning, customised maintenance programmes and comprehensive facility support. However, according to the leadership team, the real differentiator lies not in what clients see—but in the systems powering those outcomes.   Thinking Beyond Daily Operations Scaling any service-based organisation presents challenges that are often invisible to customers. For Olympus, growth has required far more than expanding its workforce or acquiring new contracts. As projects multiplied across multiple locations, maintaining consistent service quality, operational discipline and organisational culture became increasingly complex. The leadership recognised that the systems which worked during the company’s early years could no longer support its long-term ambitions. Instead of relying on founder-led decision-making, Olympus began investing in stronger internal structures, clearer accountability, leadership development and operational processes capable of supporting sustainable expansion. This shift reflects an important lesson for many growing businesses: scaling successfully is often less about doing more work and more about building better systems. Today, leadership is focused less on managing day-to-day operations and increasingly on strategic planning, talent development and creating an organisation capable of thriving beyond individual personalities.   Where Innovation Happens Behind the Scenes Innovation in facilities management rarely attracts headlines. Customers typically judge the finished result—a clean floor, a well-maintained landscape or an efficiently managed property—without seeing the engineering and operational improvements that make those outcomes possible. Olympus has deliberately chosen to invest where many others do not. Among its most notable initiatives has been extensive research and development surrounding ride-on cleaning machinery, specifically aimed at increasing operational efficiency while reducing downtime. Supported by the guidance of Dato’ Dennis Chuah, President of the Electric Vehicle Association of Malaysia, the company has undertaken the development of internally researched lithium-ion battery systems to replace conventional lead-acid batteries traditionally used in operational equipment. Although requiring significantly higher upfront investment, the transition has produced measurable operational improvements. Longer operating hours, faster charging cycles, reduced maintenance requirements and improved equipment reliability have enabled Olympus to enhance both productivity and service consistency while simultaneously reducing environmental impact. For the company, innovation is not simply about purchasing newer equipment. It is about continuously questioning conventional industry practices and developing smarter alternatives that create lasting operational advantages.   Making ESG Operational Rather Than Promotional Across many industries, ESG has become an increasingly familiar corporate narrative. For Olympus, however, sustainability is viewed less as a communications strategy and more as a business operating model. The company’s investment in lithium-ion operational systems serves as one example. Rather than selecting the lowest-cost solution, Olympus prioritised long-term operational performance, energy efficiency and environmental responsibility—even when doing so meant accepting higher initial costs. This philosophy reflects a broader organisational mindset. Business decisions are evaluated not only on immediate financial returns but also on their contribution towards operational resilience, reduced environmental impact and long-term competitiveness. Such an approach demonstrates that ESG initiatives become most meaningful when embedded within core business operations rather than treated as standalone corporate programmes.   Building the Next Generation of Facilities Management Olympus’ ambitions extend well beyond improving today’s operations. The company’s longer-term vision is to become a technology-driven integrated facilities solutions provider capable of delivering intelligent, data-enabled operational management. Future developments include the integration of sensors, smart monitoring technologies, performance tracking systems and predictive maintenance capabilities across operational equipment. The objective is to create connected ecosystems that provide clients with greater visibility into facility performance, operational efficiency and service quality. Such capabilities would allow customers to move beyond traditional maintenance reporting towards real-time operational insights that support better decision-making. As digital technologies increasingly reshape every industry, facilities management appears poised to undergo its own transformation—and Olympus intends to be part of that evolution.   Growth Built on People Technology alone, however, is not enough. The leadership acknowledges that sustainable growth ultimately depends upon building capable teams, developing future leaders and creating an organisational culture committed to continuous improvement. As the business expands, investment in workforce training, operational discipline and leadership capability remains central to Olympus’ long-term strategy. This people-first philosophy recognises that innovation becomes sustainable only when supported by skilled individuals capable of embracing new technologies, adapting to changing customer expectations and maintaining consistently high service standards. It is an approach that balances technological advancement with human capability—ensuring the organisation evolves without losing the professionalism and reliability upon which its reputation has been built.   Looking Beyond the Industry Facilities management may never be the most visible sector within the economy, but its role is becoming increasingly critical as organisations seek smarter, greener and more efficient ways to manage their built environments. Olympus Management & Services

Property

OCR To Acquire 49% Stake In Chester Properties For RM20 Million

OCR Group Bhd is set to expand its property-related capabilities through a proposed acquisition of a 49% equity interest in Chester Properties Sdn Bhd for RM19.6 million, as part of the group’s strategy to enhance its property marketing and sales operations. In a filing with Bursa Malaysia, OCR Group said it has entered into a conditional share sale agreement with Datuk Howard Chew Si Hoo to acquire the stake in Chester Properties, with the purchase consideration to be fully satisfied through the issuance of 478.05 million new OCR Group shares at an issue price of 4.1 sen per share. Chew, 42, is among the shareholders of Chester Properties, a Malaysian property agency company principally involved in providing property sales and marketing services across the country. Established as a growing player in the property agency sector, Chester Properties currently operates 11 branches nationwide, with a presence in several key property markets including Kuala Lumpur, Selangor, Melaka, Sarawak and Johor. The company is supported by a network of approximately 4,000 property agents, providing extensive market reach and sales capabilities. OCR Group said the proposed acquisition will enable the company to tap into Chester Properties’ established expertise, industry knowledge and nationwide sales network to strengthen its property development activities. “Upon completion of the proposed acquisition, the group intends to leverage on the expertise of the existing management team as well as the established sales channels and network of Chester Properties to enhance the effectiveness of its project marketing and sales activities,” OCR said. The partnership is expected to create greater synergies between OCR Group’s property development business and Chester Properties’ agency platform, allowing the group to improve customer outreach, optimise project sales strategies and enhance its ability to market future developments. Through the acquisition, OCR aims to build a more integrated property ecosystem by combining its development capabilities with a wider property sales network, positioning the group for stronger growth opportunities within Malaysia’s competitive real estate sector.

Property

MyNews To Acquire Selangor Land For RM25 Million

MyNews Holdings to Acquire RM24.7 Million Industrial Land in Rawang for New Distribution Centre Expansion MyNews Holdings Bhd is set to strengthen its logistics and supply chain capabilities through a proposed acquisition of a 13.5-acre leasehold industrial land in Rawang, Selangor, valued at RM24.7 million. In a filing with Bursa Malaysia, the convenience retail operator said the proposed acquisition from Thung Hing Metal Industry Sdn Bhd represents a strategic investment that supports the group’s long-term operational expansion plans. The company said the acquisition is primarily aimed at facilitating the development of a new distribution centre to support its growing business needs. MyNews’ existing distribution centre is currently operating at constrained capacity, limiting its ability to accommodate future expansion and increasing operational requirements. By securing the new industrial site, MyNews will be able to proceed with the construction of a larger and more efficient distribution facility, which is expected to improve its supply chain management, enhance operational flexibility and support the continued growth of its nationwide convenience retail network. The group highlighted that acquiring the land at this stage would also allow it to mitigate potential challenges arising from rising property prices and the limited availability of suitable industrial sites in strategic locations. The proposed new distribution centre is expected to provide additional capacity for inventory management, logistics coordination and distribution activities, enabling MyNews to better serve its expanding store network while improving overall efficiency across its operations. The Rawang location is also expected to offer strategic advantages due to its connectivity and accessibility to key industrial and commercial areas within the Klang Valley, further supporting the company’s distribution and logistics requirements. MyNews said the proposed acquisition aligns with its broader strategy of investing in infrastructure and capabilities that will strengthen its business resilience and position the group for sustainable long-term growth.

Property

Mah Sing To Develop RM2.2bil Industrial Park In Johor

Mah Sing Group Bhd is set to strengthen its industrial property portfolio with the development of MS Industrial Park @ Kulai, a large-scale integrated industrial development in Johor with an estimated gross development value (GDV) of RM2.26 billion. The project marks a significant expansion for the property developer following the approval by shareholders at the group’s Extraordinary General Meeting (EGM) for the proposed acquisition of 169.63 hectares (approximately 419 acres) of freehold land in Kulai, Johor. In a statement, Mah Sing said the strategic development is expected to position the group to capitalise on growing demand for industrial spaces driven by the expansion of advanced manufacturing, logistics, technology, semiconductor-related industries, and digital infrastructure sectors. The development is also aligned with the growth potential of the Johor-Singapore Special Economic Zone (JS-SEZ), which aims to enhance cross-border economic collaboration, attract high-value investments and strengthen Johor’s position as a regional business and industrial hub. MS Industrial Park @ Kulai will be undertaken by M Industrial Development Sdn Bhd, a subsidiary in which Mah Sing holds a 60% equity interest, while KLK Land Sdn Bhd will hold the remaining 40% stake. The partnership is expected to leverage the strengths and expertise of both parties in developing a strategic industrial ecosystem in Johor. The approved land acquisition, valued at RM273.87 million, was completed on a willing buyer-willing seller basis and reflects the fair market value of the land. The transaction was supported by an independent valuation of RM274 million conducted by Knight Frank Malaysia Sdn Bhd. With the addition of MS Industrial Park @ Kulai, Mah Sing’s total landbank will increase to approximately 1,085.57 hectares, providing the group with a stronger foundation to pursue future growth opportunities across both the industrial and residential property segments. Subject to obtaining the necessary regulatory approvals, the industrial park is planned to feature a diverse range of industrial offerings, including cluster factories, semi-detached factories and detached factories, catering to the evolving needs of local and international businesses seeking strategic locations in Johor. Located within one of Malaysia’s fastest-growing economic corridors, MS Industrial Park @ Kulai is expected to benefit from Johor’s improving connectivity, proximity to Singapore, and increasing attractiveness as a destination for investment, manufacturing and supply chain activities. The development reinforces Mah Sing’s strategy to expand beyond residential projects and establish a stronger presence in Malaysia’s industrial property sector.

Property

AME Elite, KLK Land Launch RM1bil Industrial Park

AME Elite Consortium Bhd and KLK Land Sdn Bhd have officially launched i-Park@Coalfields, a RM1.3 billion integrated industrial park development in Coalfields, Selangor, marking a significant expansion of their industrial property footprint in the Klang Valley. In a statement, the companies said the 151.2-acre freehold development will be undertaken by Central Gateway Development Sdn Bhd, a 60:40 joint venture between AME Elite and KLK Land. The project carries an estimated gross development value (GDV) of RM1.3 billion. (From left) Central Gateway Development Sdn Bhd directors Alfred Lee Chun Kiat, Eric Kang Koh Wei, Dylan Tan Teck Eng, Lee Wen Ling and Raymond Kok Thean Long at an event that saw AME Elite Consortium Bhd and KLK Land Sdn Bhd previewing i-Park@Coalfields — a RM1.3bil, 151.2-acre industrial park in Selangor. Central Gateway Development is a 60:40 joint venture between AME Elite and KLK Land. The new industrial park combines AME Elite’s expertise in developing integrated industrial parks with KLK Land’s experience in township planning, creating a modern industrial hub strategically located adjacent to the established Coalfields township. Situated along the Kuala Lumpur–Kuala Selangor Expressway (LATAR), i-Park@Coalfields enjoys excellent connectivity to key transportation networks, including the North-South Expressway and the West Coast Expressway. The development is also located within a 30-kilometre radius of Port Klang and Sultan Abdul Aziz Shah Airport (Subang Airport), providing businesses with convenient access to major logistics and export gateways. The strategic location positions the development within the rapidly growing northern industrial corridor of the Klang Valley, making it an attractive destination for manufacturers, logistics operators, and multinational corporations seeking high-quality industrial facilities. According to Central Gateway Development director Dylan Tan Teck Eng, the project is designed to become a premier industrial destination for companies operating in high-value sectors, including advanced manufacturing, semiconductors and electronics, automotive, medical and pharmaceutical industries, technology-driven businesses, and logistics. He said the development builds on AME Elite’s successful industrial park model in Johor and Penang, with the company now bringing its flagship concept to Selangor to meet growing demand for well-planned, strategically located industrial developments. The launch of i-Park@Coalfields further strengthens both AME Elite’s and KLK Land’s presence in Malaysia’s industrial property sector while supporting the country’s manufacturing and investment ecosystem through the development of modern, sustainable industrial infrastructure.

Investment & Market Trends

Tabung Haji Becomes Major Shareholder In Focus Point

Lembaga Tabung Haji (TH) has become a substantial shareholder in Focus Point Holdings Bhd after increasing its stake in the optical retail chain operator through the acquisition of additional shares. In a filing with Bursa Malaysia, Focus Point said TH acquired 570,000 ordinary shares on July 21, raising its direct interest in the company from 4.96% to 5.056%. Following the acquisition, TH now holds a total of 31.078 million ordinary shares in Focus Point, officially crossing the 5% threshold required to be recognised as a substantial shareholder. The company noted that the shareholding percentage excludes 1.34 million ordinary shares that have been bought back by Focus Point and retained as treasury shares. Of TH’s total shareholding, 23.18 million shares are registered directly under Lembaga Tabung Haji, while the remaining 7.898 million shares, including the newly acquired 570,000 shares, are held through Citigroup Nominees (Tempatan) Sdn Bhd – Lembaga Tabung Haji (Eastspring). The latest acquisition strengthens TH’s investment position in Focus Point, one of Malaysia’s leading optical retail chains, as the pilgrim fund continues to diversify its investment portfolio through strategic holdings in Bursa Malaysia-listed companies.

Investment & Market Trends

Searah Raises RM25bil To Expand Upstream Business

Searah Ltd, the upstream joint venture between Petroliam Nasional Bhd (PETRONAS) and Italy’s Eni, has secured a US$6 billion (RM24.5 billion) revolving credit facility to support the expansion of its upstream oil and gas operations across Malaysia and Indonesia. In a statement, Searah said the financing marks its first international syndicated loan and is among the largest syndicated energy financing deals in Southeast Asia this year. The facility is expected to provide greater financial flexibility to accelerate the development of producing assets, advance new upstream projects, and support the company’s medium-term production and investment plans. The syndicated loan attracted strong interest from global financial institutions, with commitments exceeding the initial offering, reflecting continued confidence in Southeast Asia’s energy sector despite ongoing global economic uncertainty and the transition towards cleaner energy sources. A total of 20 international banks participated in the financing, including Banco Santander, Bank of China, Barclays, BBVA, BofA Securities, Citi, DBS, HSBC, JP Morgan, Mizuho, MUFG, SMBC, UOB, Wells Fargo, and several other leading financial institutions. JP Morgan also acted as the sole debt adviser for the transaction. Searah said the funding will strengthen its ability to expand existing producing assets and progress upstream developments in Malaysia and Indonesia, where rising industrialisation and economic growth continue to drive energy demand. The company is jointly owned by PETRONAS and Eni, with each holding a 50% stake. It manages a portfolio of 19 upstream oil and gas assets, comprising 14 assets in Indonesia and five in Malaysia. Established to combine the upstream portfolios of PETRONAS and Eni, Searah aims to enhance operational efficiency, optimise asset performance, and strengthen long-term hydrocarbon production across Southeast Asia. The new financing is expected to reinforce the company’s balance sheet while providing additional capital to support future upstream investments and contribute to regional energy security. According to Searah, its operations focus on the safe, reliable, and efficient exploration, development, and production of oil and gas resources. The company currently operates through three business units: Operating Company Malaysia in Kuala Lumpur, and Operating Company Ketapang and Operating Company Muara Bakau in Jakarta.

Events

LOCUS-T Wins Four Honours At A+M Agency Of The Year Awards 2026

LOCUS-T, a leading Malaysian digital marketing agency, has been recognized with four honours at the Advertising + Marketing (A+M) Agency of the Year Awards 2026, reaffirming its position as a trusted digital growth partner for businesses across Malaysia. LOCUS-T team members celebrating the 4 honours at the Advertising + Marketing (A+M) Agency of the Year Awards 2026, reflecting the collective achievement and dedication behind the recognition. The awards were presented during the A+M Agency of the Year Awards gala dinner held on 16 July 2026 at Le Méridien Petaling Jaya. LOCUS-T received: Gold – B2B Agency of the Year Local Hero – B2B Agency of the Year Silver – Performance Marketing Agency of the Year Bronze – Lead Generation Agency of the Year The recognition reflects the agency’s continued commitment to delivering measurable business outcomes through strategic digital marketing solutions that combine data-driven planning, performance optimization and long-term partnership with clients. LOCUS-T receives the Gold and Local Hero honours in the B2B Agency of the Year category at the A+M Agency of the Year Awards 2026. The Gold and Local Hero awards in the B2B Agency of the Year category recognize LOCUS-T’s expertise in helping businesses navigate complex buying journeys, engage decision-makers and generate qualified business opportunities through effective digital marketing strategies. The four honours received by LOCUS-T. From right: Gold and Local Hero for B2B Agency of the Year, Silver for Performance Marketing Agency of the Year, and Bronze for Lead Generation Agency of the Year. Meanwhile, the Silver award for Performance Marketing Agency of the Year acknowledges the agency’s ability to develop and optimize campaigns that deliver measurable marketing performance. The Bronze award for Lead Generation Agency of the Year further highlights LOCUS-T’s strength in transforming online visibility into meaningful customer enquiries and business growth. Commenting on the achievement, Deric Wong, Managing Director of LOCUS-T, said: “These awards are a meaningful recognition of the trust our clients place in us and the dedication of our team. At LOCUS-T, we believe digital marketing should go beyond delivering campaigns, it should create measurable business growth. Every strategy we develop is guided by data, continuous optimization and a commitment to helping businesses achieve sustainable results.” “Receiving recognition across B2B, performance marketing and lead generation reflects the breadth of our capabilities and reinforces our mission to help businesses navigate an increasingly competitive digital landscape. As the industry continues to evolve, we will remain focused on innovation, delivering greater value to our clients and growing together with them.” LOCUS-T provides end-to-end digital marketing solutions encompassing Search Engine Optimization (SEO), Paid Ads, Website Design & Development, Website Maintenance and Google Business Profile. Through these integrated services, the agency helps businesses strengthen their online visibility, attract qualified customers and achieve measurable digital growth.  The LOCUS-T team, whose expertise and collaborative approach continue to help businesses achieve measurable digital growth through strategic digital marketing solutions. The four honours reflect the collective effort of the LOCUS-T team and the continued trust of its clients and partners. They also reinforce the agency’s commitment to professionalism, innovation and delivering practical digital marketing solutions that generate measurable business impact. The latest recognition adds to LOCUS-T’s growing track record of industry achievements. In 2025, the company was recognized by the Malaysia Book of Records for achieving the Most Active SEO Service Contracts by an Agency. The A+M Agency of the Year Awards 2026 further reinforce LOCUS-T’s commitment to delivering measurable digital growth for businesses through strategic, performance-driven marketing solutions.  As businesses continue to adapt to evolving consumer behaviour and digital technologies, LOCUS-T remains committed to strengthening its expertise, enhancing its solutions and helping organizations achieve sustainable, measurable digital growth.

Energy & Technology

TBS Energi Indonesia Seeks US$100 Million Private Loan For Subsidiary

Indonesian energy company TBS Energi Utama is seeking to raise US$100 million (RM409.5 million) in private credit financing for its Singapore-based waste management subsidiary, Cora Environment, to support its capital expenditure requirements. According to sources familiar with the matter, TBS Energi has approached private credit funds to assess interest in the potential financing exercise. The proposed funding could involve a hybrid structure or include an equity-like component, although discussions remain at an early stage and the final terms may change. Separately, the Jakarta-listed company recently completed a S$385 million (RM1.22 billion) financing facility aimed at refinancing a S$300 million acquisition loan and repaying a S$50 million mezzanine facility previously provided by Muzinich & Co. Based on a company disclosure dated June 26, DBS Group Holdings acted as the sole underwriter for the refinancing facility. TBS Energi did not immediately provide comments on the financing discussions, while DBS and Muzinich declined to comment. The move places TBS Energi among a growing number of Asian companies exploring private credit markets as an alternative source of funding to diversify their financing options. While bank loans remain a preferred choice among many companies due to lower costs, private credit providers continue to gain traction by offering more flexible structures, particularly for mid-market companies and businesses with specialised funding needs. Private credit funds have increasingly become an alternative financing option for companies that may require customised solutions beyond traditional lending arrangements, despite borrowers generally remaining sensitive to financing costs. TBS Energi Utama operates across several growth sectors, including waste management, renewable energy and electric vehicles. The company expanded its presence in the environmental services sector last year after completing the acquisition of Sembcorp Environment from Singapore-based energy group Sembcorp Industries, subsequently rebranding the business as Cora Environment. Cora Environment provides waste management services for public, industrial and commercial sectors in Singapore. Its operations include a material recovery facility as well as medical and bio-hazardous waste treatment facilities, according to information on the company’s website.

Property

Mah Sing Gets Shareholders’ Approval For RM2.26 Billion Kulai Industrial Park Project

Mah Sing Group Bhd has secured shareholders’ approval to proceed with the acquisition of approximately 419.17 acres of freehold land in Kulai, Johor, paving the way for the development of its RM2.26 billion gross development value (GDV) MS Industrial Park @ Kulai project within the Johor-Singapore Special Economic Zone (JS-SEZ). The property developer said the proposed acquisition received overwhelming support from shareholders, with 99.9% of votes cast in favour during an extraordinary general meeting held on Wednesday morning. From left: Mah Sing Group Bhd group CEO and executive director Datuk Voon Tin Yow, chairman/independent non-executive director Admiral (R) Tan Sri Abu Bakar Abdul Jamal, deputy group CEO and executive director Lionel Leong Jihn Haur, executive director Datuk Steven Ng Poh Seng, and founder and group MD Tan Sri Leong Hoy Kum. The land will be acquired from Kuala Lumpur Kepong Bhd’s (KLK) wholly owned subsidiary, Aura Muhibah Sdn Bhd, for RM273.87 million. Mah Sing said the purchase consideration was arrived at based on a willing buyer-willing seller basis and is supported by an independent valuation of RM274 million conducted by Knight Frank Malaysia Sdn Bhd. The acquisition is expected to be completed in the fourth quarter of 2026, after which development works for MS Industrial Park @ Kulai are scheduled to commence. The industrial park development will be undertaken by M Industrial Development Sdn Bhd, a joint venture company between Mah Sing and KLK Land Sdn Bhd. Mah Sing will hold a 60% stake in the joint venture, while KLK Land, a wholly owned subsidiary of KLK, will own the remaining 40%. Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the strong shareholder support reflects confidence in the strategic importance of the project, which is expected to strengthen the group’s industrial property portfolio and create long-term value for shareholders. The MS Industrial Park @ Kulai is designed to support key growth sectors including advanced manufacturing, logistics, technology and digital infrastructure. Strategically located within Iskandar Malaysia, the development is situated close to major connectivity hubs such as Senai International Airport, Port of Tanjung Pelepas, Johor Port, the North-South Expressway, Senai-Desaru Expressway and the Second Link connecting Malaysia and Singapore. The project will feature a mix of industrial offerings, including cluster factories, semi-detached factories, detached factories and industrial land parcels ranging from one to eight acres. These parcels are expected to cater to customised industrial facilities, logistics operations and potential data centre developments. Upon completion of the acquisition, Mah Sing’s total land bank will increase to approximately 2,682.51 acres, providing the group with greater opportunities to expand its residential and industrial development pipeline. Mah Sing noted that it has established a presence in Johor since 2000, having completed various residential townships and industrial developments in the state with a combined GDV of approximately RM4.47 billion. The group’s ongoing and upcoming Johor projects, including M Grand Minori, M Minori, Meridin East, M Tiara 2 and Tiara Hills, collectively carry an estimated development value of RM11.62 billion. Mah Sing first announced the MS Industrial Park @ Kulai project through a joint venture signing ceremony with KLK on Dec 19, 2025. Under the arrangement, Mah Sing will oversee the planning, development and execution of the industrial park through a project management agreement. The latest development marks another step in Mah Sing’s strategy to expand its industrial property portfolio amid growing demand for manufacturing, logistics and technology-related infrastructure in the Johor region.

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