What Multi Usage Holdings does

Multi-Usage Holdings Berhad (MUH) is a Malaysian public-listed investment holding company operating through three integrated business pillars: property development (TF Land Sdn Bhd), construction and engineering (Multi-Usage Engineering Sdn Bhd), and trading of building materials (Multi-Usage Cement Products Sdn Bhd). Incorporated in 1991 and listed on the Main Market of Bursa Malaysia (Stock Code: 9539), the company is headquartered in Penang and primarily serves property developers, construction clients, and building materials buyers across Malaysia. Its operational scope spans residential and commercial property development, general contracting works, and the sourcing and distribution of cement, steel, and aggregates. The group reports through eight subsidiaries, seven of which are wholly owned (with Multi-Usage Heavy Equipment Sdn Bhd being majority-owned), and operates with 11–50 employees.

The group's integrated business model enables internal cross-delivery between its three divisions, with property development projects frequently executed by the construction subsidiary and materials sourced through the trading arm. Multi-Usage Holdings operates as a B2B sales-led enterprise, targeting external construction clients and third-party materials purchasers alongside its internal property pipeline. Pricing details are not publicly disclosed, with project-specific pricing applied across divisions. The corporate structure shows significant family involvement at the executive level — Executive Chairman Ang Kim Cheng @ Ang Teng Kok, Managing Director Ang Hwei Chyn, and Executive Director Ang Ai Way — supplemented by three independent non-executive directors providing governance oversight. In FY2025 (year ended 30 June 2025), MUH reported revenue of RM 10,847,430 and net profit of RM 2,074,370, against total assets of RM 91.37M and total equity of RM 88.2M, implying net assets per share of RM 1.56 and EPS of 3.69 sen.

The company has limited proprietary technology or digital infrastructure disclosed, with no AI/ML capabilities, patents, trademarks, or proprietary software products identified in the source material. Its competitive differentiation centers on the integrated three-pillar model, strategic land bank position in Penang, established supplier relationships for materials trading, and 34 years of operating history. Geographic reach is concentrated in Penang, Malaysia, with no disclosed international operations, and the GTM motion is direct B2B sales supported by corporate website communications and Bursa Malaysia regulatory disclosures rather than broad digital marketing. A FY2025 Sustainability Statement has been published, signaling formal ESG governance integration, though specific quantitative sustainability targets are not disclosed.

Name

Multi Usage Holdings

Legal name

Multi-Usage Holdings Berhad

Website

https://muh.com.my

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Multi-Usage Holdings Berhad is a Malaysian public-listed group operating through three integrated subsidiaries in property development, construction contracting, and building materials trading, primarily serving Penang-based property developers, construction clients, and materials buyers.

Ownership category

akta.pro rank

Headquarters

HQ city

Penang

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Property Development: Revenue generated from development and sale of residential and commercial properties through subsidiary TF Land Sdn Bhd. Focus on strategic land banks in Penang, Malaysia with market demand-driven developments.
2. Construction & Engineering Services: Revenue from general contracting works and project management services through Multi-Usage Engineering Sdn Bhd. Services rendered to both the Group's own property development projects and external clients.
3. Trading of Building Materials: Revenue from sourcing and distributing essential construction materials including cement, steel, and aggregates through Multi-Usage Cement Products Sdn Bhd. Serves the Group's construction projects and a wide network of third-party customers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Multi-Usage Holdings Berhad is a Malaysian investment holding company that operates three integrated business pillars through wholly owned subsidiaries: residential and commercial property development in Penang via TF Land Sdn Bhd; general contracting and project management for residential, commercial, and industrial projects via Multi-Usage Engineering Sdn Bhd; and trading in building materials such as cement, steel, and aggregates to in-group construction projects and external construction clients via Multi-Usage Cement Products Sdn Bhd.

Product overview

Multi-Usage Holdings Berhad operates as an investment holding company with three core divisions: Property Development (via TF Land Sdn Bhd), Construction & Engineering (via Multi-Usage Engineering Sdn Bhd), and Trading of Building Materials (via Multi-Usage Cement Products Sdn Bhd). The company is listed on Bursa Malaysia Main Market (Stock Code: 9539) and shapes the future of property development, construction, and trading in Malaysia. The three pillars are strategically integrated to ensure comprehensive project delivery and a robust supply chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Development (TF Land Sdn Bhd) Development of residential and commercial properties, including high-rise residential towers, integrated commercial hubs, and mixed-use developments, marketed primarily to property buyers and investors in Penang via wholly owned subsidiary TF Land Sdn Bhd.
• Construction and Engineering Services (Multi-Usage Engineering Sdn Bhd) General contracting works and project management for residential, commercial, and industrial construction, delivered with rigorous quality control and adherence to international safety standards, via wholly owned subsidiary Multi-Usage Engineering Sdn Bhd; serves both Group projects and external clients.
• Building Materials Trading (Multi-Usage Cement Products Sdn Bhd) Sourcing and distribution of essential building materials, including cement, steel, and aggregates, via wholly owned subsidiary Multi-Usage Cement Products Sdn Bhd; serves both Group construction projects and third-party construction companies and contractors.

Quantifiable outcome

• Listed on Main Market of Bursa Malaysia (Stock Code: 9539) demonstrating regulatory compliance and transparency
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• TF Land Sdn BhdcoreOthers100% owned subsidiary of Multi-Usage Holdings Berhad, leading the Property Development division. Specializes in developing diverse projects from high-rise residential towers to integrated commercial hubs, with focus on strategic land banks and market demand-driven developments in Penang.
• Multi-Usage Engineering Sdn BhdcoreOthers100% owned subsidiary handling the Contracting Works division. Specializes in general contracting works and project management with expertise in residential, commercial, and industrial construction. Emphasizes rigorous quality control and adherence to international safety standards.
• Multi-Usage Cement Products Sdn BhdcoreOthers100% owned subsidiary managing the Trading division. Involved in trading of all kinds of building materials including cement, steel, and aggregates. Develops strong relationships with reliable domestic and international suppliers and optimizes logistics and distribution networks.
• UHY Malaysia PLTminorOthersExternal auditor of Multi-Usage Holdings Berhad (MAICSA 7045482 & SSM PC No.: 202208000250). Located at Suite 11.05, Level 11, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur.
• Security Services (Holdings) Sdn Bhd (Penang)minorOthersShare Registrar for Multi-Usage Holdings Berhad (197701005827 (36869-T)). Located at Suite 18.05, MWE Plaza, No. 8 Lebuh Farquhar, 10200 George Town, Penang. Provides share registration services.
• Bursa Malaysia Securities BerhadcoreOthersMain Market listing venue for Multi-Usage Holdings Berhad (Stock Code: 9539, Stock Name: MUH). The company transferred to the Main Market in 2009 following stock exchange board restructuring, having been listed on the Second Board since 1994.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Sunway Construction Group Berhad: Major Malaysian construction services group with foundations, building materials, and engineering services, comparable to Multi-Usage Engineering's contracting activities but at significantly larger scale.
• Gamuda Berhad: One of Malaysia's largest engineering, construction, and infrastructure groups with property development arm — a dominant incumbent with overlapping construction and materials trading activities.
• IJM Corporation Berhad: Major Malaysian conglomerate with construction, property development, and industrial materials divisions — significantly larger than Multi-Usage Holdings but operates in the same integrated value chain.
• WCT Holdings Berhad: Larger established Malaysian construction and property developer with broader regional footprint and larger project portfolio — overlaps Multi-Usage Holdings' construction and property development business but at much greater scale.

Direct peers

• Kimlun Corporation Berhad: Mid-cap Malaysian construction and building materials manufacturer with precast concrete products, comparable to Multi-Usage Holdings' construction and cement products operations.
• Tambun Indah Land Berhad: Penang-focused Malaysian property developer listed on Bursa Malaysia, directly comparable in residential and commercial development focus and Penang geographic exposure to Multi-Usage Holdings' TF Land division.
• Gadang Holdings Berhad: Malaysian construction and property group with construction, property development, and utilities divisions — closely parallel to Multi-Usage Holdings' integrated three-pillar structure.
• Ewein Berhad: Small-cap Malaysian property developer with manufacturing and property divisions, comparable in scale and integrated business model to Multi-Usage Holdings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/multi-usage-holdings-bhd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multi Usage Holdings