Vestland Berhad (Malaysia)

The Company was incorporated on 10 November 2021 as a private limited liability company incorporated and domiciled in Malaysia.
The Company is principally engaged in investment holding and focus on strategic leadership and commitment to synergistic and sustainable growth has led to the development of a high-performance team that fosters effective partnerships with various stakeholders in the industry.
2011 - 2015
- Established our wholly-owned subsidiary in 2011, Vestland Resources which commenced operations in the same year. Since 2011, we were registered as a G7 contractor with CIDB which allows us to tender for projects without any limitation in the size or value.
- Our first construction contract in 2011 was for the construction of 2 units of landed residential showhouses with a contract value of RM0.45 million in Kuala Langat, Selangor. We were the subcontractor for the project and this project was completed in the same year. In the same year, we also secured our first industrial project for the construction of 5 industrial buildings and related facilities with a contract value of RM4.85 million in Sepang, Selangor. We were the subcontractor for the project and this project was completed in 2012.
- We secured our first project in the construction of commercial buildings with a contract value of RM30.05 million in 2011, which includes 3 blocks of offices and shop lots and an underground carpark on a 2.5-acre land in Cameron Highlands, Pahang. We were the subcontractor for the project and this project was completed in 2014.
- We obtained our first accreditation of ISO 9001:2008 quality management system for the provision of general building construction and civil engineering works in 2013, which was certified by the Guardian Independent Certification Limited.
2011 - 2015
- In 2017, this certification was renewed and replaced with the ISO 9001:2015 quality management system for the provision of civil building construction and civil engineering works. In 2020, this certificate was renewed and is valid from February 2020 to February 2023.
- We secured our first high-rise project for the construction of Pearl Suria Residence, a 25-storey high rise mixed-use development in 2014 which consists of apartments, a basement carpark and commercial area with a contract value of RM91.82 million in Old Klang Road, Kuala Lumpur. This was also our first construction project where we were engaged as a main contractor. This project was completed in 2016.
- We secured our first government building project to construct an army camp for the Malaysian Armed Forces in 2014, which consists of accommodation and related facilities with a contract value of RM14.22 million in Cameron Highlands, Pahang. We were engaged as the TPC where we were responsible for the entire construction project up to the completion of construction, with the exception of submission and obtaining necessary approvals and permits. This project was completed in 2017.
- We expanded into the construction of a mixed-use commercial building in Cameron Highlands, Pahang in 2015 which includes a commercial centre, serviced suites of 175 rooms and management office, basement carpark and a hotel, Cameron Fair Hotel with a contract value of RM57.88 million. Our scope of work for this project also included interior fit-out works. We were the main contractor for this project and this project was completed in 2017.
2016 - 2020
- We secured the TUDM Army Camp Package 2 Project and TUDM Army Camp Package 3 Projects comprising of government buildings for the Royal Malaysian Air Force in 2016. The TUDM Army Camp Package 2 Project and TUDM Army Camp Package 3 Projects have a contract value of RM83.60 million and RM157.50 million respectively. We were the TPC for these projects and our responsibilities for these projects covered the rectification of existing buildings as well as the construction of related facilities. The above projects were completed in 2019.
- We secured the Glenz Mixed Commercial Development Project with a contract value of RM144.00 million in 2019 which include the construction of commercial buildings consisting 416 units of offices, 130 hotel rooms, shop lots, recreational facilities, basement carpark and other related facilities. We were the main contractor for this project and the project was completed in 2022.
- We expanded our capabilities to provide design and build construction services where we secured the Residensi Armani Petaling (Cheras) Project with a contract value of RM58.00 million in 2020, an on-going project as at the LPD. We were responsible for the design and construction of 2 blocks of apartments with carparks and related facilities in Cheras, Kuala Lumpur. We were the TPC for this project.
2021
- We obtained a Certificate of Government Procurement Works (SPKK) from CIDB in 2021 which allowed us to participate in tenders for government projects in the area of building construction, civil engineering as well as mechanical and electrical works.
- We secured the Beluran Police Camp Project in 2021, a design and build project for a police camp base for the General Operations Force of Malaysia (PGA). The project consists of accommodation, administration buildings and related facilities in Beluran, Sabah. As at the LPD, the Beluran Police Camp Project is our largest project with a contract value of RM332.82 million. We were the TPC for this project, which is on-going as at the LPD.
- We secured our first hostel construction project, KKB Academic Building and Student Accommodation Project with a contract value of RM28.38 million in 2021 for the construction of an academic building and 2 blocks of hostel for a government academy in Kuala Kubu Bahru, Selangor. We were the TPC for this project, which is on-going as at the LPD.
- In 2021, we secured 3 projects in civil engineering works, which were our first standalone civil engineering work projects and these were relating to earthworks and rock hacking works with a collective contract value of RM5.91 million in 2021. We were the subcontractors for these projects. These 3 projects commenced in 2021 and were completed in 2022.
On 11 March 2020, the World Health Organisation declared the Coronavirus ('Covid-19') outbreak as a pandemic in recognition of its rapid spread across the globe. On 16 March 2020, the Malaysian Government has imposed the Movement Control Order ('MCO') starting from 18 Mareh 2020 to curb the spread of the Covid-19 outbreak in Malaysia. The Covid-19 outbreak also resulted in travel restriction, lockdown, and other precautionary measures imposed in various countries. The emergence of the Covid-19 outbreak since early 2020 has brought significant economic uncertainties in Malaysia and markets in which the Group operates.
The Malaysian Government had no-introduced the MCO and Conditional MCO ('CMCO') in several states from 13 January 2021 to II May 2021, nationwide MCO from 12 May 2021 to 31 May 2021, Full MCO ('FMCO') from I June 2021 to 28 June 2021, Enhanced MCO ('EMCO') in several stated from 3 July 2021 to 17 July 2021. In addition, the Malaysian Government had announced a four phase National Recovery Plan ('NRP') on 15 June 2021 whereby all states were considered to be in phase 1 to begin with. Besides, the Malaysia King declared state of emergency for the country untill August 2021 to curb the spread ofCovid-19 on 12 January 2021.
The restrictions imposed have not, however, negatively impacted the Group's financial performance as the Group's main construction services were allowed to operate throughout the MCOICMCOIFMCO/EMCO/I'RP, under gnidelines set by the National Security Council, Ministry of Health and Ministry of International Trade and Industry respectively.
As at date of authorisation of the financial statements, the Covid-19 pandemic situation is still evolving and uncertain. The Group will continue to actively morutor and manage its funds and operations to minimise any impact arising from the Covid-t 9 pandemic