SD Guthrie to Take Bigger Stake in EBP8

Tuesday, 2 December 2025 - SD Guthrie Berhad and its partners, Eco World Development Group Berhad and Permodalan Darul Ta’zim Sdn Bhd (PDT), have agreed to amend the shareholding proportions in Eco Business Park 8 (EBP8), based in Mukim Kulai, Johor. Under the updated agreement, the partners agreed that PDT shall retain a 10% stake in Eco Business Park 8 Sdn Bhd (EBP8SB), while both Guthrie, through its 100% subsidiary SD Guthrie Land Ventures (SDGLV), and EcoWorld shall hold 45% each.

EBP8 is a planned integrated industrial park that will be well-positioned to capitalise on the longer-term growth potential of Iskandar Malaysia, which is within the vibrant and promising Johor-Singapore Special Economic Zone (JS-SEZ).

Guthrie’s Group Managing Director, Datuk Mohamad Helmy Othman Basha, said that the company had ventured cautiously into the new business vertical of industrial development in 2024, but is now ready to take a larger stake in the new project.  

He said, “With the increase in stake to 45%, Guthrie will play a more strategic role in the joint venture. We are pleased to work closely with PDT and EcoWorld. This is a strategic move that will enable us to deliver sustainable returns to our shareholders.”

Mohamad Helmy noted that industrial development will be an important pillar for the Group's future growth. With this renewed strategy to hold larger stakes in development companies, Guthrie will be developing new capacity and expertise that will bode well for its shareholders.  "Considering the scale of our strategic landbank, it makes perfect sense for us to create more value where possible,” he added.

The proposed development in Mukim Kulai for the integrated industrial development, will feature industrial lots, ready-built facilities, and supporting commercial components with an estimated gross development value of RM3.75 billion. The project is designed to serve high-value and innovation-led sectors including high-tech and artificial intelligence supply chains, advanced electrical and electronics, biotechnology and medical technologies, food technologies, and logistics.

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