Corporate
It has been 39 years since NCT Group of Companies set forth on its path in entrepreneurship. It started from scratch in the tiling business and steadily gaining experience and strength in the industry.
Milestone
1985
In 1985, Dato’ Sri Yap Ngan Choy founded NCT. The company quickly cemented its position as a leader in the supply and installation of tiles for property projects with a special emphasis on the production of high quality, value-added craftsmanship and service. By 1997, NCT Tiling had established itself as the biggest tiling company in Malaysia. The company’s reputation for quality products and timely delivery resulted in various business deals with prominent developers.
2000
From the year 2000 onwards, NCT ventured into construction, real estate and building materials trading with the establishment of NCT Building & Civil Engineering Sdn Bhd. In the span of 30 years, NCT Building & Civil Engineering has completed more than RM 10 billion worth of contracts. NCT gained a positive reputation as a White Knight developer with the completion of the abandoned La Cottage project in Sepang and also with the construction, rectification and completion of work for a major property developer’s housing development.
2012
Throughout the years, NCT continued to establish a reputation for being a project rehabilitation specialist. In 2012, NCT was entrusted by the Malaysian government to restore Bandar Salak Tinggi, the country’s biggest recovery project to date. NCT successfully rehabilitated the project within three short years and delivered an outstanding number of double-storey houses, 2-1/2-storey terrace houses and medium-cost apartments.
2013
Another proud accomplishment for NCT as a renowned White Knight developer came in 2013 when the company was entrusted to rehabilitate Pahang’s biggest abandoned project – Billion Court. The geographical challenges present was not an easy feat, yet the Company once again successfully rehabilitated the project and aid in creating a new and exciting tourist destination in Genting Highlands.
2019
Dato’ Sri Yap Ngan Choy and Dato’ Joe Yap Fook Choy saw the potential in Grand-Flo Berhad, an IT-related company with a hand in property development. An acquisition was started and the take-over was completed by 2019. With the brothers at the steering wheel, the company performed best in its property section, prompting a new direction for the Group.
2020
As Grand-Flo seeks to realign its business focus, 100% equity stake in Grand-Flo (HK) Limited were disposed for a total cash consideration of RM 3.46 million. The reprioritizing on property also saw the disposal of 80% and 20% equity stakes in Grand-Flo Spiritvest Sdn Bhd to Radiant Globaltech Berhad and Jejaka 7 Capital Sdn Bhd for RM 11.60 million and RM 2.90 million, respectively. With this, Grand-Flo had fully disposed off its business relating to the enterprise data collection and collation system solutions (EDCCS).
2021
Grand-Flo identified three key corporate exercises to solidify the Group’s position in the Property Development sector. These are segmented to Proposed Acquisitions, Proposed Private Placement and Proposed Name Change. Proposed Acquisitions comprise of two acquisitions, namely the land and project development rights of an on-going mixed development project known as the Grand Ion Majestic (GIM), as well as the serviced apartments and commercial retail lots of a completed mixed development project known as Grand Ion Delemen (GID). Both projects are located next to each other and are within close proximity of the well-established Resorts World Genting in Genting Highlands. Additionally, the GID serviced apartments will be acquired by GFB at a bulk discount of 15%; whilst the retail lots shall be rented back to the vendor, Galeri Tropika Sdn Bhd (GTSB) for a 5-year guaranteed rental yield of 7% per annum, creating a stable recurrent income and cash flow stream for the Group. The total purchase consideration for the Proposed Acquisitions amounts to RM422.9 million, which will be satisfied by cash, assumption of liabilities and issuance of redeemable convertible unsecured loan stocks (RCULS) in tranches to GTSB. In addition, GFB aims to undertake private placement exercises to raise over RM75 million to fund its current and upcoming property development projects. Further to this, the Group has also proposed a name change from GFB to NCT Alliance Berhad.
2023
By 2023, the Group added Acacia Residences to its portfolio. NCT's commitment to world-class developments has earned numerous awards, including five from Malaysia Book of Records. In 2023, the company was recognised at The Star Media Group's Malaysia Developers Awards as 'Best in Quantitative' and won the 'Top-Of-The-Chart Award' for Market Capitalisation below RM1 billion. NCT also received ASEAN Property Award, the Malaysian Brand Award, and the iProperty Awards.
2024
In collaboration with Hard Rock International, NCT Alliance will be introducing Asia Pacific's highest Hard Rock Cafe on the top floor of the Wyndham Grand Ion Majestic Hotel in Genting Highlands. The company is also expanding through a strategic land acquisition in Penampang, Sabah. Over the years, NCT Alliance has ensured a positive impact on society and the environment, recently lauching The Road to NCT Junior Badminton Championship to support community development and better lives for all.
Our Vision
Creating World-Class Masterpiece
Our Mission
Our Values
Integrity
We take great pride in what we do and having strong moral principles in everything we are involved in.
Commitment
We are passionate and committed to deliver the best. We are willing to walk the extra mile in order to achieve NCT’s mission.
Striving for Excellence
We strive for excellence in all aspects of our operation and in setting high standards and best practices to achieve unmatched product quality and service.
Customer-First
We place our customers at the heart of everything that we do. We strive to understand our customers’ needs and create invaluable investment for their enjoyment.
Teamwork
We work together to achieve NCT’S mission in unity and trust and with respect for diversity.
Innovation
We undertake to understand the unique conditions of each sector in order to explore new opportunities. We adopt the flexible approach while staying true to NCT’s business goals.
Our Profile
Learn more about NCT Alliance Berhad and what our values, mission and achievements are. Take a look at our full profile.
