Homelore

Metro Kajang

3 buildings on Homelore · Bandar Utama · completed 2003 to 2006

Now trading as MKH Berhad

Also known as Metro Kajang Holdings (also known as MKH Berhad), Metro Kajang Holdings

How their buildings read

1 below average, 1 fair

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

What we found

Batu Kawan Bhd was reported to be taking over control of MKH Bhd and its 65.3%-owned subsidiary MKH Oil Palm from the founding Chen family's vehicle Chen Choy & Sons Realty, with a possible mandatory general offer at around RM2 per share; the structure of the exercise and whether MKH would be taken private were not yet clear.

The evidence

3 claims across 1 area

Corporate continuity

Positive

  • Batu Kawan Bhd's wholly owned subsidiary Whitmore Holdings Sdn Bhd agreed to acquire a combined 47.7% stake in MKH Bhd for RM549.8 million at RM2.00 per share, a 20.48% premium to MKH's last traded price of RM1.66, triggering a mandatory takeover offer for the remaining MKH shares.

2 more findings

  • Batu Kawan's unit completed its acquisition of MKH and increased its direct shareholding in the property developer to 50.9% from 32.8%, gaining control of the company.

  • MKH Berhad was originally incorporated as Srijang Bena Sdn Bhd, and was rebranded as Metro Kajang Holdings Berhad in 1995 in conjunction with its listing on the Main Market of Bursa Securities Malaysia, before being renamed MKH Berhad in 2011.

Their buildings

3 projects we cover under this banner
Pelangi Astana: the swimming pool between the blocks at night6.5Below averagePelangi AstanaPelangi Utama: the pool beneath its white canopy7.1FairPelangi Utama
Pelangi AstanaBandar Utama · 2003no published numeric ratings found. Built on solid soil (not mining pool reclamation), which residents regard as a positive investment signal. Minimal resident complaint or maintenance chatter appears in published sources; property marketing emphasises secure location and retail integration.Pelangi UtamaBandar Utama · 2006Convenient because of shopping mall and shops.Pelangi Utama 2Bandar Utama · 2006A mid-range 19-storey condominium with 648 units across six blocks, completed 2006. Residents praise good maintenance and reasonable costs, with good accessibility and convenience due to MRT station and One Utama nearby. Management has faced security challenges with student tenants described as careless and noisy, prompting visitor-car-park charges to prevent disturbances.