MAIN Market-listed diversified conglomerate Meta Bright Group Bhd (formerly Eastland Equity Bhd) has sealed a RM30 million concrete supply deal for the Boulevard 360 Bundusan project in Kota Kinabalu’s suburb Penampang.
The contract involving its 70% subsidiary Expogaya Sdn Bhd entails an initial supply order for the existing project progress with potential for additional orders based on Expogaya’s performance and delivery.
This contract was awarded by China State Construction Engineering (M) Sdn Bhd, the Malaysian subsidiary of the Fortune Global 500 China State Construction Engineering Corp which is ranked 14th globally and renowned as the world’s largest construction conglomerate by revenue [market capitalisation: 228 bil renminbi (RM136 bil)].
As it is, Boulevard 360 Bundusan is a significant mixed-use development poised to transform Kota Kinabalu’s urban landscape.
Encompassing three modern residential towers and approximately 330,000 sq ft of commercial space, the project boasts an impressive gross development value (GDV) of RM1.1 bil which makes Boulevard 360 Bundusan a key destination in Kota Kinabalu.
“Being chosen by China State Construction Engineering, a reputable global construction company for the Boulevard 360 project marks a significant milestone for Expogaya,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“It demonstrates their confidence in our ability to deliver high-quality and reliable products. This partnership positions us prominently within Sabah’s thriving construction market and sets a strong foundation for future collaborations.”
Expogaya which operates 16 batching plants across Sabah with a daily production capacity of 7,200 cubic meters is today Sabah’s largest ready-mix concrete supplier.
The company maintains a comprehensive fleet of 318 units, including mixer trucks, dump trucks, concrete pumps and shovels, thus able to ensure timely and efficient delivery to various project sites.
“Our proven track record and substantial operational capacity played a crucial role in securing this prestigious contract,” revealed Phang.
“We anticipate further orders from China State Construction Engineering which is a reflection of their continued trust in our capabilities and performance.”
Very broadly this contract aligns with Meta Bright’s strategic focus on expanding its footprint in the building materials sector, particularly in high-growth regions like East Malaysia.
The group continues to leverage its diversified portfolio, encompassing property development, hospitality, investment properties, leasing and financing, and renewable energy, to drive sustainable growth and value creation for its stakeholders.
At 9.20am, Meta Bright was up 0.5 sen or 4.17% to 12.5 sen with 454,800 shares traded, thus valuing the company at RM316 mil. – April 29, 2025
