Matrix Concepts gets SC nod to list on Bursa Malaysia, eyes 1H2013 listing

KUALA LUMPUR (Dec 12):  Matrix Concepts Holdings Berhad has received the approval from the Securities Commission to list on the Main Market of Bursa Malaysia Securities.

In a statement Wednesday, the property developer said that it was expected to be listed in the first half of 2013.

The company said it was accredited with ISO 2001:2008 for project management, provision of construction and administrative management services in property development.

Its non executive chairman Datuk Md. Haslah Md. Amin said that since its establishment in 1996, the group had always focused on developing affordable and quality residential units, as well as commercial properties that were able to see sustained business activities.

“As we look to move upwards with our higher-end residential properties in our townships, we believe that this listing exercise would raise the Group’s profile even further and enable us to reach greater heights,” he said.

Md. Haslah said that Matrix Concepts had so far completed development projects with Gross Development Value (GDV) of RM1.8 billion on approximately 1,700 acres of land in Negeri Sembilan and Johor.

“The Group currently has two flagship township development projects in Negeri Sembilan and Johor respectively.

“To date, the Group has an outstanding landbank of approximately 2,300 acres with potential GDV of RM6.5 billion for high value residential and commercial properties,” he said.

Hong Leong Investment Bank Berhad is the adviser, underwriter, and placement agent for Matrix Concepts’ IPO exercise.