Matrix Concepts appoints two new Directors to the Board [Press Release]
May 7, 2016
[Borneo Post Online] Matrix Concepts targets more investors into high-tech industrial parks
May 7, 2016

[Malaysian Reserve] Matrix upbeat on property investors

Charles Fernandez


The rise in revenue was due to new launches and strong take-up rate in Bandar Sri Sendayan in Negri Sembilan and Taman Seri Impian in Johor, as well as industrial properties in Sendayan. (Pic courtesy of

Matrix Concepts Holdings Bhd (Matrix Concepts) said its retail and commercial properties in Negeri Sembilan and Johor continue to attract keen buying interest as does its industrial properties in the Sendayan TechValley and TechPark from large foreign manufacturers.

This has led the company to buy an additional 145 acres of industrial land in Seremban till March this year.

“We are striving to attract more local and foreign corporations to invest in our industrial properties. Our efforts have been successful thus far, with more than RM4 billion worth of foreign direct investments secured since 2010.

“This is due to our industrial parks’ strategic locality, superior infrastructure network, and attractive pricing,” Matrix’s chairman Datuk Mohamad Haslah Mohamad Amin said after the company’s annual general meeting in Sendayan yesterday.

Shareholders approved a bonus issue and also free warrants on a one-for-six shares basis to enhance its shares capital base and retail participation.

The free warrants would reward existing shareholders, allowing them to increase their equity as well as gaining more exposure to the company’s future growth.

“The bonus shares will effectively increase the company’s share capital up to a maximum of 544.8 mil shares from the current 461.4 mil shares, while the warrants are expected to eventually increase the share capital by an additional RM77.8 million assuming full exercise of the warrants during the five-year tenure,” Mohamad Haslah added.

The entitlement date and warrants exercise price would be determined later but Mohamed Haslah reiterated that the increased capital via the exercise of warrants would translate into working capital to finance on-going and future projects by the Group Matrix delivered its best-ever revenue of RM598.8 million last year, increasing 4.3% from RM574 million in the previous years.

The rise was due to new launches and strong take-up rate in their flagship township developments of Bandar Sri Sendayan in Negeri Sembilan and Taman Seri Impian in Johor, as well as industrial properties in Sendayan.

Founder and group MD Datuk Lee Tian Hock said “ We have benefitted from the larger topline and improved product mix which has been the trademark of all our developments.’’

“We have performed commendably in FY2014 and looking forward, are confident on a sustainable growth for the FY2015 although the implementation of the Goods and Services Tax may affect a temporary slowdown in property purchases,” added Lee.