Mammoth Empire
What we found
In 2023 the High Court set aside a corporate voluntary arrangement proposed by True Renaissance Development Sdn Bhd, a Mammoth Empire Holding Sdn Bhd unit, for the abandoned Empire Remix project in Subang Jaya, ruling that it was not workable.
The evidence
9 claims across 5 areasDelivery
NegativeEmpire Residence project in Sungai Buloh was abandoned by MEH and required takeover by Comintel Corp Bhd in October 2022.
2 more findings
Empire City Damansara (ECD1), a RM5 billion project launched in 2011, experienced significant construction delays, with completion dates repeatedly postponed from 2014 to 2015 to 2022.
Empire Remix 1 and 2 projects came to a halt with less than 30% completion due to MEH subsidiary True Renaissance's financial difficulties, requiring external rescue.
Handover
NegativeMultiple Empire City owners reported waiting 3+ years for keys and Certificates of Completion (CCC) across the 12 blocks despite project launch in 2011.
Defects and workmanship
NegativeTower H and adjacent blocks at Empire City Damansara experienced power disruption, leading to building closure for remedial works and employee safety concerns reported in December 2018.
Post-handover response
MEH executive director stated allegations of hazardous conditions in Tower H were baseless, rather than addressing the reported safety concerns and remedial closure.
Corporate continuity
NegativeMEH offloaded the 61-acre ECD2 land tract to Exsim Development in October 2019, indicating abandonment of planned second phase.
2 more findings
MEH reported debt of RM300 million from AmBank and Maybank loans in 2019 and initiated asset sales to clear approximately 90% of debt.
Mammoth Empire Holding Sdn Bhd, known as MEH, launched the RM5 billion Empire City Damansara project in 2011 and turned to a joint venture with Exsim Group to complete it.