Aset Kayamas

Also known as Aset Kayamas Sdn Bhd, Aset Kayamas Sdn. Bhd.

All 3 names

Aset Kayamas Sdn Bhd, Aset Kayamas Sdn. Bhd., Aset Kayamas Group

How their buildings read

2 poor, 2 fair

Outcomes still vary building by building. Check the building, not the brochure.

What we found

Aset Kayamas completed its PPA1M Bukit Jalil project 17 months ahead of the scheduled May 2019 completion, according to The Edge's news roundup.

The evidence

Negative

A Kuala Lumpur High Court ruling in Tengku Adnan's corruption case found no evidence that Umno received RM2 million from Aset Kayamas, though the judge noted the RM2 million was paid by Aset Kayamas to Tadmansori Holdings, where the trail ended.

3 more findings

Tengku Adnan was charged in the Sessions Court with receiving RM2 million via a cheque from Aset Kayamas Sdn Bhd, which the charge tied to a June 14, 2016 transaction, and he pleaded not guilty; the charge describes Aset Kayamas and several related companies as having dealings with his ministry.
NST reported in September 2019 that Aset Kayamas had not been blacklisted by City Hall despite its involvement in the corruption case with former minister Tengku Adnan.
The Edge reported that Kepong MP Lim Lip Eng named Aset Kayamas as one of the biggest beneficiaries of 64 suspicious DBKL land deals, which were under MACC investigation at the time.

The Edge reported that Chai Woon Yun, daughter of the founder, became the largest shareholder of Kanger International Bhd, which has bought units from Aset Kayamas at Antara Genting Highlands, including 126 serviced-apartment units under a February 2021 SPA for RM142.87 million.