NCT Alliance expands NCT Smart Industrial Park with RM53 mil land subscription

PETALING JAYA (April 1): NCT Alliance Bhd is expanding its flagship NCT Smart Industrial Park (NSIP) in Kuala Langat through a RM53 million subscription that will secure control of 176.71 acres of adjoining industrial land.

In a filing with Bursa Malaysia yesterday (March 31), the group said its wholly owned subsidiary, NCT World Sdn Bhd, has entered into a term sheet to subscribe for 998 new shares in Semanja Murni Sdn Bhd (SMSB).

Upon completion, NCT World will hold a 99.8% equity interest in SMSB, whose principal asset is a leasehold parcel expiring in January 2124.

Direct adjacency strengthens master-planned expansion

According to the filing, the land is located adjacent to the existing NSIP development and is intended to be fully integrated into the master plan.

The group stated that the expansion is expected to:

*enhance infrastructure planning
*optimise shared facilities
*support long-term industrial ecosystem development

The enlarged site carries an estimated gross development value (GDV) of RM1.5 billion, positioning it as a continuation of NCT’s industrial platform rather than a standalone acquisition.

Low entry cost frames development upside

Based on the disclosed land size and purchase consideration, the transaction implies an entry cost of approximately RM6.89 per sq ft.

While the company did not provide comparative benchmarks in its filing, the pricing reflects the raw land stage of the asset prior to infrastructure and development works.

Funding structure and financial impact

NCT stated that the subscription will be funded through a combination of internal funds and bank borrowings.

The company added that the transaction is not expected to have any immediate material impact on earnings, net assets, or gearing, but is anticipated to contribute positively once development progresses.

Editor’s note: This article is based on disclosures made in Bursa Malaysia filings dated March 31, 2026, and publicly available reporting as at April 1, 2026.

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