KUALA LUMPUR, SkyGate Solutions Bhd, formerly known as Ewein Bhd, has partnered with Singapore-based New Jin Hai Pte Ltd (NJH) to launch a high-precision manufacturing venture in George Town, Penang.
In a filing with Bursa Malaysia on Friday, the precision engineering and industrial property group said the joint venture will operate under a newly established company, SkyGate NHJ Technology Sdn Bhd (NHJ Tech). SkyGate’s wholly-owned subsidiary, SkyGate NHJ Sdn Bhd (SNHJ), will hold a 51% stake, while NJH will hold the remaining 49%.
NJH is fully owned by Suzhou New Hongji Precision Part Co Ltd and functions mainly as an investment arm.
SkyGate Solutions, based in Penang, will invest RM19.55 million—representing its 51% share of the total RM38.34 million capital commitment. The funds will go toward building the factory, training workers, and providing operational capital.
The joint venture will focus on producing metal forming machinery and machine tools, with an eye on Malaysia’s growing semiconductor industry. It will also benefit from NJH’s advanced, fully digitalised production technology.
While the JV is not expected to have a major impact on earnings for the financial year ending Dec 31, 2025, SkyGate anticipates a positive contribution in the years to follow.
SkyGate Solutions’ shares closed three sen higher at 69 sen on Friday, giving the company a market value of RM220.5 million.
