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History / Background

Mudajaya Group Berhad (“Mudajaya”) was incorporated on 6 February 2003 under the Companies Act, 1965 as a public limited company. Mudajaya is an investment holding company and its subsidiaries and associated companies are involved in construction, property development, manufacturing, trading and the power sector.

The core company of Mudajaya is Mudajaya Corporation Berhad (“MJC”)

  • MJC was incorporated in Malaysia under the name of Chye Hin Construction Company Limited on 9 December 1965 as a private limited company under Section 15(1) of the Companies Ordinances, 1940 to 1946.
  • It changed its name to Chye Hin Construction Company Sdn Bhd on 15 April 1966.
  • On 19 August 1972, its name was further changed to Mudajaya Construction Sdn Bhd and subsequently to Mudajaya Corporation Sdn Bhd on 19 May 1997.
  • On 10 June 1997, it was converted into a public limited company and assumed its present name, MJC.

 

On 1 July 2002, a management buy-out (“MBO”) exercise on MJC was carried out by the management team led by its managing director, Mr Ng Ying Loong. The MBO was completed on 19 February 2003.

Subsequently, a restructuring exercise involving an acquisition of 100% equity interest in MJC by Mudajaya has paved the way for the listing exercise of the Mudajaya Group of Companies. In this respect, the incorporation of Mudajaya was to serve as a vehicle for the listing and quotation of Mudajaya Group of Companies on the Bursa Malaysia Securities Berhad (“BMSB”). The aforesaid restructuring exercise was completed on 1 March 2004.

Mudajaya was successfully listed and quoted on the Main Board of BMSB on 10 May 2004.

 

 



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