Matrix Concepts Holdings Berhad has appointed Kelvin Lee Chin Chuan as its new group managing director, effective June 1, 2026, as the property developer recorded a record-high revenue of RM1.36 billion for FY2026.
Lee, who holds a Master’s degree in Civil Engineering from the University of Melbourne, previously served with the group from 2018 to 2021 before returning in April 2025 as group executive director.
Since rejoining the company, he has played a key role in strengthening Matrix Concepts’ strategic direction and advancing a more integrated township development approach focused on connectivity, lifestyle, healthcare, education and long-term sustainability.
Among the group’s recent initiatives is its collaboration with Golog Holdings Sdn Bhd for the China-Malaysia Air Silk Road Dual Hub Industrial Park Cooperation Project in MVV TechValley, aimed at enhancing Negeri Sembilan’s position as an emerging logistics and industrial hub.
Lee said the company remains committed to its founding philosophy of creating communities that enrich lives, while adapting to changing expectations surrounding quality, liveability and integration.
“Matrix Concepts was built on a simple philosophy — to create environments that enrich lives. That foundation remains unchanged,” he said.
“What has evolved are the expectations surrounding quality, connectivity, and integration. Our focus is to continuously strengthen township ecosystems that bring together living, education, healthcare, and lifestyle components in a more holistic and structured way,” he added.
For the fourth quarter ended March 31, 2026, Matrix Concepts posted a net profit of RM38.7 million compared with RM42.7 million a year earlier, while quarterly revenue rose slightly to RM308.9 million.
For the full financial year, net profit increased 2.5% to RM219.3 million, while revenue climbed 18.1% to a record RM1.36 billion, supported by steady construction progress, new revenue streams and stronger industrial-related contributions.
The board also declared a fourth interim single-tier dividend of 1.25 sen per ordinary share for FY2026, payable on July 9, 2026.
