Latest news with #ChangKhimWah
New Straits Times
26-06-2025
- Business
- New Straits Times
EcoWorld Q2 earnings jump 85pct to RM123mil on land sale
KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld Malaysia) posted a net profit of RM129.8 million for the second quarter ended April 30, 2025, up 85.3 per cent from RM70 million a year ago, driven by higher revenue from a major land sale. EcoWorld Malaysia's revenue rose 52 per cent to RM878.2 million from RM555.8 million in the same quarter last year. The increase was mainly driven by the full consolidation of Paragon Pinnacle's results and the substantial recognition of revenue from the sale of 123 acres of industrial land to Microsoft Payments (Malaysia) Sdn Bhd. For the quarter, EcoWorld Malaysia declared a second interim dividend of two sen per share, bringing the total dividends declared for the year to date (YTD) to three sen per share. President and chief executive officer Datuk Chang Khim Wah said EcoWorld Malaysia is on course to surpass its RM3.5 billion sales target for the financial year 2025 (FY25). He noted that within the first seven months of FY25, the group has already secured RM2.99 billion in sales, amounting to 85 per cent of its full-year target. "The YTD sales in FY25 is also 37 per cent higher than what we achieved in the same period of financial year 2024. "This has enabled the group to chart an all-time high in our future revenue position which stands at RM5.22 billion as at May 31, 2025," he said. Chang said the company continues to observe steady demand from local manufacturers for its ready-built factories and smaller industrial land plots within its business parks in Iskandar Malaysia and the Klang Valley. He added that in 2Q25, EcoWorld Malaysia finalised a strategic partnership with SD Guthrie Berhad and NS Corporation to jointly develop 483.5 hectares of land in Bukit Pelandok, Negeri Sembilan.
The Star
20-05-2025
- Business
- The Star
China's Haitian Group breaks ground on RM3bil manufacturing hub at Eco Business Park II
Haitian Group chairman Zhang Jian Ming (fifth from left) and Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah (fourth from left) at a groundbreaking ceremony that saw China-based Haitian Group breaking ground on Phase 1 of their regional manufacturing facilities situated at Eco Business Park II, Iskandar Malaysia. With them are (from left) Haitian Group Research Institute Dean Fu Nan Hong, Malaysia main distributor Chin Fook Lai, Haitian overseas integrated supply chain director Shi Nan Da, Haitian Machinery overseas department general manager Xiang Lin Fa, Haitian Group finance division director Chen Yun and Haitian Machinery Malaysia general manager Zhong Sai Er. PETALING JAYA: The Haitian Group, a leading industrial equipment manufacturer from China, has broken ground on Phase 1 of their regional manufacturing facilities situated at Eco Business Park II (EBP II), Iskandar Malaysia. In a statement, Eco World Development Group Bhd (EcoWorld Malaysia) said the 92-acre industrial site at EBP II was acquired by Haitian Machinery (Malaysia) Sdn Bhd in 2022 from Eco Business Park 2 Sdn Bhd, a wholly owned subsidiary of EcoWorld Malaysia. 'This is the Haitian Group's first project in Malaysia and apart from manufacturing facilities, the site will also house a research institute, employee dormitories and other amenities. 'The estimated total investment cost that the Haitian Group will be expanding on its planned facilities at the 92-acre site is approximately RM3bil.' Construction of Phase 1 is expected to be completed by the end of 2026 with production planned to start in 2027. Over the next five years, EcoWorld Malaysia said approximately 400 employees are expected to be employed at the facility, which will be producing sophisticated injection moulding machines and computer numerical control machines for the South-East Asian region. EcoWorld Malaysia president and chief executive officer Datuk Chang Khim Wah said: 'This is a momentous occasion and the culmination of extensive and meticulous design and masterplanning by the Haitian Group to create a truly world-class manufacturing hub at EBP II. 'We are indeed privileged to have worked with them over the years to help realise their vision to expand their business in South-East Asia. Their decision to carry out not just high-tech manufacturing but also cutting-edge research at their facilities in EBP II will certainly contribute towards technology transfer, resulting in higher value jobs and increased business opportunities for Malaysians.'
