MAIN Market-listed diversified energy conglomerate Meta Bright Group Bhd, through its 70%-owned subsidiary Expogaya Sdn Bhd, has secured an expanded Islamic banking facility of up to RM31.82 mil from AmBank Islamic Bhd.
This new facility is posed to strengthen Expogaya’s working capital, trade financing capacity and operational scalability as it continues to support major infrastructure programmes in Sabah.
The increased Cashline-i and Multi Trade Finance-i facilities would provide stronger working capital and procurement capacity while the new Invoice Financing-i sublimit improves cash flow efficiency as Expogaya handles larger volumes of concrete supply across Sabah.
Moreover, this latest financing also builds upon the RM43.9 mil secured from a major financial institution last year.
That earlier facility was approved based on Expogaya’s proven revenue strength, year-on-year (yoy) growth in sales volume, widening customer base and the replenishment of its order book driven by on-going construction activities statewide.
Banks do not extend sizeable facilities without strong fundamentals, notably consistent revenue visibility, healthy margins and disciplined cash-flow management.
“With strong support from our banking partners, we’re ensuring that Expogaya has the financial capacity to meet Sabah’s growing demand for high-quality concrete,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“As it is, Sabah is entering one of its most active infrastructure cycles in recent years.”
More broadly, these enlarged facilities allow the group to scale faster, improve its cash flow and support both its existing and upcoming mega-projects.
Expogaya is a key beneficiary of the Federal government’s continued emphasis on East Malaysia, particularly Sabah’s RM6.9 bil allocation under Budget 2026 for and multi-year commitments to projects encompassing:
- Pan Borneo Highway,
- Sabah-Sarawak Link Road (SSLR) Phase 2,
- Tawau Airport expansion, and
- Various rural road, water and utilities programmes.
On this note, Expogaya’s strengthened financial position directly enhances its ability to supply ready-mix concrete to these projects while positioning Meta Bright as a major participant in Malaysia’s infrastructure development agenda.
“Our acquisition of Expogaya in 2024 has proven to be strategically sound. With expanded capacity and a stronger balance sheet, Expogaya is well-positioned to participate in more government and private sector projects across Sabah,” enthused Phang.
“These facilities support our objective to build a resilient, scalable and high-growth building materials division within Meta Bright.”
For now, Meta Bright remains focused on strengthening its core business pillars while expanding its renewable energy, energy efficiency and EV (electric vehicle) infrastructure divisions.
With Expogaya’s enhanced financing in place, the group is confident of supporting rising construction activity in East Malaysia and sustaining long-term earnings growth.
At the close of yesterday’s (Nov 28) market trading, Meta Bright was down 0.5 sen or 4.17% to 11.5 sen with 29,400 shares traded, thus valuing the company at RM312 mil. – Nov 29, 2025
