PETALING JAYA (July 2): SC Estate Builder Bhd has applied to Bursa Malaysia Securities for an extension of time to submit a combined circular to shareholders covering six corporate proposals, including diversification into property investment and renewable energy.

The company, via M & A Securities, said in a Bursa filing dated June 30 that it is seeking approval to extend the deadline for submitting the draft circular to Sept 30, 2026.

The combined circular will cover six proposals, namely the proposed renewable energy diversification, acquisition, property investment diversification, amendments, joint venture, and disposals.

The extension request follows earlier approvals granting time until June 30 for the submission of circulars relating specifically to the proposed disposals and property investment diversification.

Ongoing property and renewable energy expansion

SC Estate Builder Bhd has been actively expanding its footprint in both property development and renewable energy through several initiatives disclosed in recent filings.

Among them is a joint venture through SC Estate Energy Sdn Bhd with Vanguard North Sdn Bhd to develop four land parcels in Kubang Pasu, Kedah, with an estimated gross development value (GDV) of about RM663 million.

The group is also involved in a collaboration to develop 510 affordable housing units in Alor Setar, Kedah, through its construction and IBS subsidiaries.

In addition, the company has entered into agreements involving the acquisition of resort-zoned land parcels in Alor Setar and a leasehold property in Melaka.

On the renewable energy front, SC Estate Builder is participating in large-scale solar initiatives, including joint ventures and a 4MW solar photovoltaic project in Arau, Perlis.

The group said these projects align with its long-term strategy to expand into renewable energy and property development, including affordable housing integrated with rooftop solar systems, while supporting its environmental, social and governance (ESG) goals and net-zero carbon ambition.

Financial performance in 1Q FY2027

In its quarterly report for the first quarter ended April 30, SC Estate Builder recorded revenue of RM11.2 million, up 40% year-on-year from RM8.0 million, mainly driven by higher trading of building materials.

However, profit before tax declined to RM779,000 from RM1.01 million a year earlier, while profit for the period eased slightly to RM779,000 compared with RM795,000 previously. Earnings per share remained at 0.02 sen.

As at April 30, the group reported net assets of RM49.55 million, or 1 sen per share, slightly higher than RM48.77 million previously. Cash and bank balances fell to RM2.25 million from RM3.87 million, while trade receivables increased to RM11.64 million.

Total assets stood at RM52.24 million against total liabilities of RM2.68 million. Land held for development and sale made up a significant portion of the group’s assets, at nearly RM30 million.

Key Takeaways

SC Estate Builder is positioning itself as a diversified player across construction, property development and renewable energy, supported by multiple joint ventures and land-based projects. While revenue growth indicates stronger trading activity, profitability remains under pressure, highlighting the challenges of balancing expansion with earnings stability. The company’s increasing focus on solar energy and affordable housing reflects a broader shift towards ESG-aligned development strategies in Malaysia’s property and construction sector.