Johan Holdings Bhd is set to strengthen its presence in the hospitality and resort segment after proposing to acquire an additional 1,000,000 ordinary shares in Lumut Park Resort Sdn Bhd from Syarikat Majuperak Bhd for a total cash consideration of RM3.25 million.
The proposed acquisition, which involves the purchase of the remaining stake held by Syarikat Majuperak, will result in Lumut Park Resort becoming a wholly owned indirect subsidiary of Johan Holdings upon completion of the transaction.
In a filing with Bursa Malaysia, Johan said the acquisition was undertaken through its wholly owned subsidiary, Diners Club (Malaysia) Sdn Bhd, which entered into an agreement via an exchange of letters with Syarikat Majuperak on July 20, 2026.
Following the completion of the proposed acquisition, which is targeted to be completed by the end of August 2026, Johan Holdings will increase its shareholding in Lumut Park Resort to 5,000,000 ordinary shares, representing a 100% equity interest in the company.
The move will see Johan consolidate full ownership and control of Lumut Park Resort, compared with its existing 80% stake prior to the transaction.
Johan Holdings said the purchase consideration of RM3.25 million was arrived at on a willing buyer-willing seller basis, after taking into account the commercial terms agreed between both parties.
The group expects the acquisition to provide greater flexibility in managing Lumut Park Resort’s operations and enable Johan to further align the resort business with its broader strategic objectives.
