META Bright Group Bhd has entered into a head of agreement (HOA) to explore the proposed acquisition of a majority equity interest in TTOP Industrial & Engineering Sdn Bhd, Sangga Tiga (KL) Sdn Bhd, Flexitop Industrial & Engineering Sdn Bhd and Green Core Consortium Sdn Bhd (collectively, the Target Group).
Established in 2008, the Target Group is a highly experienced specialist in the field of engineering, procurement, construction and commissioning (EPCC).
It holds top-tier industry registrations, including CIDB Grade G7, Suruhanjaya Tenaga Class A and SEDA certifications.
Crucially, its subsidiary is officially registered with PETRONAS to supply and install specialised equipment, including explosion-proof lighting and flame detection systems for hazardous areas.
This proposed acquisition marks a major strategic evolution for Meta Bright by transitioning the group from a pure asset owner into a complete energy-related infrastructure (including EV charging assets) and energy efficiency (EE) solutions provider.
By bringing these technical capabilities in-house, Meta Bright can now handle the full scope of work – from solar farms, battery storage and energy-saving facility upgrades – to constructing critical electrical infrastructure like substations.
Coupled with the Target Group’s official PETRONAS registration, Meta Bright could also provide the relevant EPCC services and supply critical electrical components directly to O&G (oil & gas) companies.
With oil prices remaining strong, this provides a major opportunity to expand the group’s client base into a high-performing sector.
“This is a transformative step for us. We are no longer just an asset owner but are now a complete energy and infrastructure platform,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“By owning these tier-one engineering capabilities, we can directly execute projects, control our own development costs and capture more value from every project we take on.”
Added Phang: “Whether it is renewable energy, EV infrastructure or large-scale electrical works, we now have the in-house expertise to deliver across the board.”
In essence, the Target Group brings over a decade of experience in executing high-complexity projects. Their portfolio includes:
- Renewable energy: Communication and weather systems for multiple 50MWac (megawatt alternating current) utility-scale solar farms.
- Power infrastructure: Sophisticated fire suppression systems for major utility facilities and specialised electrical works for large-scale infrastructure.
- EV solutions: Full EPCC works for EV Bus Terminals, thus supporting the transition to green transport.
- Specialised engineering: Installation of explosion-proof lighting and flame detection systems in high-risk industrial zones.
This expertise perfectly complements Meta Bright’s existing investments in clean energy and EV charging networks, hence allowing the group to provide a “one-stop” solution for clients.
Under the HOA, Meta Bright has a six-month period to conduct due diligence before finalising the acquisition.
At the close of today’s market trading (March 27), Meta Bright was up 0.5 sen or 3.85% to 13.5 sen with 894,600 shares traded, thus valuing the company at RM366 mil. – March 27, 2026
