NCT Alliance Berhad has entered into a conditional Share Sale Agreement to acquire 100% equity interest in NCT World Sdn Bhd for a purchase consideration of RM490.26 million. The deal, targeted for completion in the fourth quarter of 2025.
The purchase consideration will be settled through the issuance of up to 104.2 million new ordinary shares and 917.2 million new Redeemable Convertible Preference Shares (RCPS), both priced at RM0.48 per share. NCT said this structure minimises cash outlay, preserves liquidity for ongoing and future property projects, and helps manage earnings dilution until contributions from NCT World's developments begin materialising. Upon completion, NCT World will become a wholly-owned subsidiary of the group.
The acquisition introduces two flagship projects under NCT World which is the NCT Smart Industrial Park(NSIP): Positioned within the Integrated Development Region in South Selangor (IDRISS), NSIP is Malaysia's first certified Managed Industrial Park, fully equipped with Industry 4.0 infrastructure. It is also the nation's largest GreenRE-certified ESG industrial park.
NCT InnoSphere (NIS): Located within the Delapan Special Border Economic Zone (SBEZ) near the Malaysia-Thailand border, NIS will benefit from cross-border trade activity via the Bukit Kayu Hitam-Sadao Immigration, Customs, Quarantine and SecurityComplex (ICQS).
Both projects are designed with smart infrastructure and ESG principles at their core, catering to global industrial players seeking high-quality, sustainable operating environments.