Mammoth Empire Development
What we found
In January 2019 Empire City Damansara's mall stood abandoned, its tenants describing debris and construction materials, stagnant water, lifts that did not work and flooding inside its occupied office blocks.
The evidence
9 claims across 4 areasDelivery
NegativeThe Empire Residence project in Sungai Buloh was abandoned by Mammoth Empire and handed to Comintel Corp Bhd to complete for RM183.15 million.
2 more findings
Empire City Damansara (ECD1) was launched in 2011 and originally targeted for completion in 2015, but experienced multiple delays; by 2013 it was only 60% complete with the completion date postponed to end of 2015, and remained incomplete years later.
The RM2.3 billion Empire Remix 1 project in Subang Jaya was uncompleted and taken over by HCK Capital Group Bhd, requiring HCK to pump in RM900 million to complete.
Handover
NegativeBuyers of Empire City Damansara units waited 3+ years for keys; CCC (Certificate of Completion and Compliance) for all 12 blocks was delayed.
Regulatory and legal
NegativeA High Court decision (Pinpoint Consortium (M) Sdn Bhd v Mammoth Empire Land Sdn Bhd, High Court Malaya Shah Alam, June 2019) involved a home buyer claiming liquidated damages against Mammoth Empire Land for delay in delivery of vacant possession.
One more finding
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.
Corporate continuity
NegativeMammoth 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.
2 more findings
Mammoth Empire disposed of major assets including selling a 65-acre tract for ECD2, the Empire Shopping Gallery for RM570 million to PHB, and related land sales to raise RM800 million for debt repayment and project completion.
Mammoth Empire faced severe cash constraints and incurred debts of RM300 million in loans from AmBank and Maybank, forcing asset sales to raise funds and pare down liabilities.
