MAIN Market-listed property developer Paragon Globe Bhd has today (March 30) inked a strategic partnership collaboration agreement with GSP Automotive Malaysia Sdn Bhd, a subsidiary of Shanghai Stock Exchange-listed GSP Automotive Group.
Witnessed by the Johor State Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han, the agreement sets the foundation for joint development of a specialised, automotive-focused industrial cluster (AutoPark) in Iskandar Puteri.
Marking a major structural evolution from pure land sales to ecosystem co-development, Paragon Globe (previously Goh Ban Huat Bhd) is dedicating about 47 acres of its prime 109-acre Iskandar Puteri landbank to create a fully integrated automotive supply chain hub alongside GSP.
“This agreement marks a strategic and structural evolution for our group,” enthused Paragon Globe’s executive chairman Datuk Seri Edwin Tan Pei Seng.
“We’re no longer just developing industrial properties; we are architecting complete, high-value industrial ecosystems. The Johor-Singapore Special Economic Zone (JS-SEZ) presents a generational opportunity to position Iskandar Puteri as a regional hub for advanced manufacturing.”
Added Tan: “By anchoring this AutoPark with a globally recognised manufacturer like GSP, we ‘re creating a powerful magnet for foreign direct investment, international suppliers and tech innovators to drive sustainable, long-term value for our shareholders.”
Chinese partner to deepen investment
As master developer and ecosystem integrator, Paragon Globe will oversee the planning, coordination and delivery of the AutoPark while pursuing the GreenRE certification to ensure the infrastructure meets the stringent sustainability standards required by global supply chains.
Crucially, the group will also introduce its strategic banking partner, United Overseas Bank (Malaysia) Bhd, to facilitate seamless access to project financing and operational banking solutions for GSP and its network.
Founded in 1985, GSP Automotive Group supplies high-quality automotive components to over 120 countries.
By acting as the ecosystem anchor, GSP will leverage its global network to establish R&D centres, automated distribution hubs and manufacturing plants within the AutoPark, thus guaranteeing unparalleled supply chain efficiency.
This project is expected to create employment opportunities, support talent development, and foster the growth of an automotive industry cluster in Johor, according to GSP Automotive Group CEO Richard Zhou.
“As a manufacturing enterprise, we firmly believe that business growth should go hand-in- hand with local economic and social development,” he asserted.
“Looking ahead, GSP will continue to deepen its investment in Malaysia by working closely with partners and stakeholders to build a modern manufacturing base that contributes meaningfully to regional economic growth.”
Added Zhou: “This collaboration is strongly aligned with the strategic direction of the JS-SEZ in accelerating cross-border advanced manufacturing. It also further reinforces Paragon Globe’s position as the preferred developer for multinational companies seeking sustainable industrial space in Johor.”
Very broadly, the AutoPark project builds on the Paragon Globe’s proven track record of securing and integrating high-profile international clients across its industrial corridors.
This includes the successful integration of Singapore-based Bain Capital-backed Bridge Data Centres into its Desa 100 development, Hunter Amenities and ACE Battery within Desa 27 in Desa Cemerlang.
Or similarly, the Shimano Components at its Pekan Nanas Industrial Park, thus demonstrating Paragon Globe’s capability to deliver world-class industrial assets.
At 4.18pm, Paragon Globe was down 1.5 sen or 2.13% to 69 sen with 158,000 shares traded, thus valuing the company at RM515 mil. – March 30, 2026
