Aquawalk Group Bhd is expected to increase its long-term earnings contribution by RM2.6 million after taking full ownership of the company developing a new oceanarium in Kota Kinabalu, Sabah.
The move gives Aquawalk complete control over the project, which is anticipated to become a major tourist attraction in the region. With full ownership, the group stands to benefit from the oceanarium’s operational revenue, ticket sales, and associated commercial activities, strengthening its overall earnings profile.
Industry observers said the oceanarium is expected to complement Aquawalk’s existing portfolio of leisure and entertainment assets, providing a steady stream of recurring revenue once the facility becomes fully operational.
“The acquisition aligns with our strategy to expand our presence in experiential leisure offerings and capitalise on the growing tourism sector in Sabah,” the group said in a statement.
The development is also expected to contribute to local economic growth, creating jobs and supporting related businesses in the hospitality and tourism sectors.
With this latest acquisition, Aquawalk aims to reinforce its position as a leading player in Malaysia’s leisure and entertainment industry, while diversifying its revenue streams and enhancing long-term shareholder value.
