What Investors Need to Know About Central Global Latest Expansion Plan

Central Global Berhad (CGB) is making moves to strengthen its presence in East Malaysia with its latest property acquisition in Sabah.

Through its wholly-owned subsidiary, RYRT International Sdn. Bhd., CGB has purchased a four-story office and showroom in Kota Kinabalu for RM19.5 million. This acquisition is part of CGB’s broader strategy to boost its profile as a leading construction group in the region.

The property, located in the SEDCO Industrial Estate, is in a prime location with excellent connectivity to key economic hubs, including Kota Kinabalu Industrial Park and Sepangar Bay Port. It’s not just about real estate, CGB plans to use the space as a new headquarters and warehouse to support its expanding projects and operations in Sabah.

The property will also allow CGB to store and manage its construction machinery and vehicles more efficiently.

Financed through a combination of internally generated funds and bank borrowings, this move is aimed at boosting CGB’s operational capabilities and cross-selling opportunities for its products. The deal is expected to close within five months, with minimal impact on the company’s overall earnings for the year.

This acquisition signals CGB’s commitment to growing its footprint in East Malaysia and aligns with its ongoing strategy to be a key player in the region’s construction industry. Keep an eye on CGB as they continue to expand and consolidate their position in this booming market.