12/08/2025

BIZ & FINANCE TUESDAY | AUG 12, 2025

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WCT Land hopes for green incentives in Budget 2026

CTRM to acquire Spirit AeroSystems

Malaysia for US$95.2m PETALING JAYA: Composites Technology Research Malaysia Sdn Bhd (CTRM), a wholly owned subsidiary of DRB-HICOM Bhd, has signed a conditional share purchase agreement with Spirit AeroSystems Inc and Spirit AeroSystems International Holdings Inc to acquire Spirit AeroSystems Malaysia Sdn Bhd for US$95.2 million (RM403.6 million). The transaction is subject to approvals and conditions being fulfilled. In a statement, CTRM said the acquisition represents a strategic opportunity to enhance the company’s further competitive position in the aerospace industry by improving its aerostructures expertise. This would contribute towards improved scale, efficiency, and growth in various areas that would elevate CTRM’s presence in key aerospace programmes and deepen its relationships with global original equipment manufacturers (OEMs), expanding CTRM’s relationships with Airbus for their A220, A320, and A350 programmes, and to Boeing on the 737 and 787 programmes. At the same time, CTRM will enhance its presence across the supply chain, positioning itself better for long-term competitiveness and sustainable growth in an increasingly chal lenging and dynamic aerospace market. In addition, CTRM said the acquisition aligns with and supports ongoing efforts to strengthen Malaysia’s position as a regional aerospace hub under the New Industrial Master Plan 2030 and the Malaysian Aerospace Blueprint 2030, as well as strategies to promote Malaysian ownership of strategic assets. CTRM is recognised as a leading supplier of advanced aerospace composites, specialising in the development and production of composite sub-assemblies for the global aerospace industry. It also offers a range of support services, such as testing laboratory facilities, composite en gineering and supplier management services. Spirit Malaysia is a world-class engineering and manufacturing business located in Subang, Selangor and operates as a supplier to global OEMs within the aerospace industry. It is primarily involved in the production of advanced technology aerostructures, as well as providing ancillary services to its related companies. Vivax-Metrotech sets up RM48m manufacturing facility in Penang KUALA LUMPUR: Vivax-Metrotech Corporation (VXMT), a global leader in advanced utility locat ing and inspection technologies, has announced the establishment of a new manufacturing facil ity in Penang, with the investment valued at RM48 million, creating 175 high-skilled jobs. Malaysian Investment Development Autho rity (Mida) said the facility features 16 assembly production lines and specialised clean room operations, enabling the company to manu facture a range of precision technologies used in telecommunications, water, gas and electrical utilities. Mida CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the company’s expansion strengthens VXMT’s global supply chain while reinforcing its presence in Southeast Asia. “This investment by Vivax-Metrotech Corpo ration comes at the perfect time as Malaysia strengthens its high-tech manufacturing capa bilities. Their commitment aligns with the 13th Malaysia Plan, supporting the goals of the New Industrial Master Plan 2030,” he said in a joint statement with the company yesterday. VXMT CEO and chairman Christian Stolz said Malaysia proves to be an attractive destination for the company to expand its operations in Southeast Asia. – Bernama

o Wishlist also includes tax relief, lower levy on real property gains and measures to help buyers and developers

with Malayan Banking Bhd (Maybank) to offer buyers up to 120% financing. Eligible purchasers can obtain up to 90% home financing plus an additional 30% under the Maybank Home MyDecor scheme for interior design and furnishing, capped at RM250,000. “Knowing that living costs are getting higher, we discussed with Maybank what package they could offer to lighten the burden for homebuyers,” Chong said, adding that the scheme is also available for WCT’s Maple Residences in Kuala Lumpur and Adison Serviced Apartments in Johor Bahru. Maybank executive vice-president and head of mortgage, community financial services, Tracy Pan Nyuk Sam, said the bank’s Green Home Financing initiative was designed to make sustainable living accessible to all. “We believe in enabling homeownership choices that are both financially and environmentally responsible, while allowing customers to personalise their space.”

Ű BY DEEPALAKSHMI MANICKAM sunbiz@thesundaily.com

serviced residential project within the 63 acre WCity OUG integrated development in Kuala Lumpur. Since opening for sales last month, the RM1.04 billion project has achieved a take-up rate of more than 30%. The development offers two

KUALA LUMPUR: Property developer WCT Land Sdn Bhd is urging the government to include green in centives, extended Home Owner ship Campaign benefits, corporate tax relief for developers and reduction in Real Property Gains Tax in Budget 2026 to support buyers and developers. Chief operating officer (pro

bedroom units of 850 sq ft and three-bedroom units of 1,062 sq ft, with completion targeted for 2029. It will feature more than 50 lifestyle facilities, including an Olympic length infinity pool, onsen pool, landscaped sky terraces and a two acre park at the heart of the township. Chong said the pricing strategy is competitive compared with

perty development) Chong Wah Hing ( pic ) said the wishlist, submitted ahead of the budget announcement on Oct 10, also

includes calls for measures to address rising construction material costs and incentives for first-time homebuyers. “To push the market, we need some form of assistance from the government. Green incentives would encourage more sus tainable developments, while extended HOC benefits and targeted tax relief could help both developers and buyers,” he told reporters after the launch of the Aras Residences showroom yesterday. Chong added that enhanced incentives could motivate developers to incorporate more environmentally responsible features into their projects, providing buyers with better access to affordable, sustainable housing. Aras Residences is a freehold, park-front She added that the MyDecor financing component allows buyers to align the green home concept with a personalised living space, supporting a greener community environment. On education facilities, Chong said WCT is providing a kindergarten and study rooms within the township and is open to exploring vertical school concepts if there is sufficient demand and suitable operators. He added that the company complies with all requirements for space allocation in residential developments and sees education facilities as an important community asset. Aras Residences forms part of WCT Land’s broader pipeline of green-certified projects, which also includes Pavilion Mont’ Kiara, The Maple Residences and Adison Serviced Apartments. TNB set to leverage Australia’s RE market: Maybank IB surrounding standalone developments due to the project’s integrated township concept, which will include retail offices, a food merchant hub and improved connectivity to key transport and lifestyle hubs. “Within WCity OUG, we have 63 acres of planned development, which gives us room to provide amenities such as a green lung and space for future retail and office components. This makes our offering dif ferent from independent, standalone de velopments in the area.” The first retail office component is expected to launch next year, with a food merchant already signing a memorandum of understanding to operate within the township. The launch is supported by a partnership

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is expected to leverage the positive outlook of Australia’s renewable energy (RE) market via its wholly owned platform Spark Renewables, according to Maybank Investment Bank Bhd (Maybank IB). Headquartered in Sydney, Spark is a RE centric independent power producer that owns and operates a 120MW solar farm. It is also developing more than 2,000MW of solar, wind and battery storage projects across three sites in New South Wales, Australia. In a note yesterday, Maybank IB said Australia’s overall outlook for RE appears attractive, with growing policy support and favourable structural trends. Solar and wind projects account for a cumulative 50% of Australia’s capacity and a cumulative 40% of generation. “The Australian government has set an 82% RE generation target by 2030 and is ag gressively improving and expanding the transmission grid,” it said. “A significant 25%of Australia’s coal capacity will likely be retired over the next decade, due mainly to unfavourable market dynamics,” it said. The investment bank also said Spark will play a significant role in TNB’s RE talent development and could contribute to the longer-term fulfilment of the group’s environ mental, social and governance targets. “We maintain our earnings forecasts on TNB and reaffirmed its ‘Buy’ rating on the group with a target price of RM15.50 per share,” said Maybank IB. Meanwhile, CGS International Securities

Solar and wind projects account for a cumulative 50% of Australia’s capacity and a cumulative 40% of generation. – AFPPIC

incremental fees for using TNB’s transmission grid and RE distribution network. “Apart from that, TNB could benefit from the increased requirements for RE capacities domestically, which would serve to accelerate the company’s energy transition goals and growth, and additional revenues from wheeling charges for cross-border electricity exports,” it said in a note yesterday. – Bernama

Malaysia Sdn Bhd noted that TNB stands to benefit from the National Energy Transition Roadmap. The government announced a plan to advance the roadmap under the 13th Malaysia Plan. The research house said TNB could gain earnings and valuation upside from the additional investments required for energy transition-related grid upgrades, resulting in