Its unit, SkyGate Properties Sdn Bhd, inked a sale and purchase agreement with Dahlia Cemerlang Sdn Bhd’s shareholders, Jitu Sempurna Sdn Bhd, Prominent Goldhill Sdn Bhd and Promaddun Sdn Bhd, to acquire the entire equity interest in the company, according to a bourse filing on Thursday. SkyGate is buying Dahlia Cemerlang to add an 8.15-acre industrial property within the Perai Industrial Park in Penang to its property portfolio. Meanwhile, the RM75.9 million price tag on Dahlia Cemerlang is based on its adjusted net assets of RM75.91 million. Dahlia Cemerlang is 46%-owned by Jitu Sempurna, while Prominent Goldhill holds 30%, and Promaddun with 24%. Given its related-party nature, SCS Global Advisory (M) Sdn Bhd has been appointed to advise non-interested directors and shareholders.

Source: The Edge Markets January 15, 2026 11:00 UTC