Perak Corporation
Perak Corporation Berhad is a Malaysian government-linked investment holding company operating property development, port logistics, hospitality, and management services through 17 subsidiaries, anchored by the Lumut Maritime Terminal, Bandar Meru Raya township, and Casuarina hotel brand.
- Company typePublic
- Founded1991
- HeadquartersIpoh, Malaysia
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Perak Corporation does
Perak Corporation Berhad (Perak Corp) is a government-linked investment holding company listed on the main board of Bursa Malaysia (KLSE: PRKCORP), headquartered in Ipoh, Perak, Malaysia. Founded in 1991 as a subsidiary of Perbadanan Kemajuan Negeri Perak Group (PKNPk Group) with RM100 million paid-up capital, the company operates 17 subsidiaries and 2 associate companies across four core business divisions: Land & Property Development, Port & Logistics, Hospitality & Tourism, and Management Services. Perak Corp employs 251-500 people and serves as the master developer for strategic state projects aligned with the Perak Sejahtera 2030 development plan.
The company's core products and operations span Bandar Meru Raya integrated township, the 816-acre Silver Valley Technology Park (in co-development with Advancecon, RM1.03 billion GDV), Lumut Maritime Terminal and Lekir Bulk Terminal (3.5 million MT current capacity, expanding to 14 million MT via RM282 million LMT 2), the Casuarina hotel brand chain (Casuarina@Meru with 65 rooms and 81 suites, Casuarina@Kuala Kangsar with 46 rooms, Casuarina@Pangkor resort, Casuarina Houseboat@Temenggor, and the Casuarina Convention Centre with 2,500 pax capacity), and management services. Revenue is generated through one-time property development sales, transaction-based port handling fees (including coal handling for TNB Janamanjung covering approximately 30% of Malaysia's electricity), recurring hospitality bookings, and management service fees to subsidiaries. The Group CEO is Rosmin Mohamed; the Group CFO position is currently vacant, indicating potential governance or transition risk.
Perak Corporation firmographics
Firmographics- Name
- Perak Corporation
- Legal name
- Perak Corporation Berhad
- Website
- https://perakcorp.com.my
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Perak Corporation Berhad is a Malaysian government-linked investment holding company operating property development, port logistics, hospitality, and management services through 17 subsidiaries, anchored by the Lumut Maritime Terminal, Bandar Meru Raya township, and Casuarina hotel brand.
- Ownership category
- akta.pro rank
Perak Corporation industry classification
Industry- Product category
- Diversified Property, Port & Hospitality Holdings
- NAICS
- Port and Harbor Operations (48831), Petroleum Bulk Stations and Terminals (424710), Corporate, Subsidiary, and Regional Managing Offices (551114)
- SIC
- General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs) (BPAIALAJ)
- akta.pro secondary industry
- Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)
Keywords
Where Perak Corporation is headquartered
LocationHeadquarters
- HQ city
- Ipoh
- HQ country
- Malaysia
- HQ region
- Asia
Offices5 records
Markets served
Perak Corporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Marketing or Sales, Others
Revenue model
- Land & Property Development: Revenue generated from property development projects including township development (Bandar Meru Raya), industrial parks, and residential/commercial properties. Perak Corp acts as master developer for strategic projects.
- Port & Logistics Services: Revenue from Lumut Maritime Terminal operations including cargo handling, bulk terminal operations (Lekir Bulk Terminal), and port services. The terminal handles vessels and barges with capacity of 3.5 million tonnage currently, with expansion plans to 14 million MT.
- Hospitality & Tourism: Revenue from hotel operations (Casuarina@Meru, Casuarina@Kuala Kangsar, Casuarina@Pangkor), Casuarina Convention Centre, and Casuarina Houseboat@Temenggor. Income includes room bookings, event hosting, F&B, and tourism experiences.
- Management Services: Fees from providing management and consulting services to subsidiaries and group companies.
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Perak Corporation product offering
Product offeringCore offering
Perak Corporation Berhad is a government-linked investment holding company operating four core business divisions: (1) Land & Property Development including the Bandar Meru Raya integrated township; (2) Port & Logistics through the Lumut Maritime Terminal and Lekir Bulk Terminal on the Straits of Malacca; (3) Hospitality & Tourism under the Casuarina brand including hotels, a convention centre, and houseboat; and (4) Management Services. The company serves as master developer for PKNPk Group's strategic projects in Perak, Malaysia.
Product overview
Perak Corporation Berhad operates as a diversified conglomerate with four core business divisions: Land & Property Development (Bandar Meru Raya township), Industrial Parks (Silver Valley Technology Park), Port & Logistics (Lumut Maritime Terminal and Lekir Bulk Terminal), and Hospitality & Tourism (Casuarina hotel brand chain). The company functions as a Master Developer for PKNPk Group's strategic projects, delivering integrated townships, industrial estates, maritime terminals, and hospitality services across Perak, Malaysia. The hospitality division operates under the Casuarina brand umbrella, including Hotel Casuarina@Meru, Hotel Casuarina@Kuala Kangsar, Casuarina@Pangkor, Casuarina Houseboat@Temenggor, and the Casuarina Convention Centre.
Differentiator
Problem solved
Functional benefit
Brands
- Casuarina Brands: Home-grown hotel brand including Hotel Casuarina@Meru, Hotel Casuarina@Kuala Kangsar, Casuarina@Pangkor, and Casuarina Houseboat@Temenggor
- Casuarina Convention Centre
- Casuarina Houseboat @ Temenggor 1
- Bandar Meru Raya
- Lumut Port Industrial Park
Products and services
- Bandar Meru Raya
- Silver Valley Technology Park (SVTP)
- Lumut Maritime Terminal (LMT)
- Lumut Port Industrial Park
- Lekir Bulk Terminal (LBT)
- Hotel Casuarina@Meru
- Hotel Casuarina@Kuala Kangsar
- Casuarina@Pangkor
- Casuarina Houseboat@Temenggor 1
- Casuarina Convention Centre
Quantifiable outcome
- SVTP project to generate 13,000 job opportunities for Perak
- +5 more outcomes
Companies that use Perak Corporation
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Perak Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Perak Corporation partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Tenaga Nasional Berhad (TNB)coreCasuarina Meru Sdn Bhd (subsidiary of Perak Corp) signed leasing agreement with TNB for installation of EV charging stations at Hotel Casuarina@Meru. TNB installed one 120 kW DC fast charger with dual CCS2 nozzle and two 22 kW AC chargers with dedicated EV bays and 24-hour access. Partnership advances Perak Sejahtera 2030 green agenda and low-carbon mobility network.
- National Cancer Society Malaysia (NCSM)minorPerak Corp collaborated with NCSM to organize Free HPV Vaccination Programme 'Leaving No One Behind: Putting A Stop to Cervical Cancer in Malaysia' held at Hotel Casuarina@Meru. Programme complementary to Malaysian National Immunisation Programme targeting women aged 9-45 and men aged 13-26. Over 100 people vaccinated during the event.
- Perbadanan Kemajuan Negeri Perak (PKNPk)corePerak Corp as subsidiary of PKNPk Group entered into Joint Venture Agreement with parent company PKNPk for Silver Valley Technology Park development. PKNPk provides strategic direction and land resources while Perak Corp serves as master developer for SVTP. Partnership aligns with Perak Sejahtera 2030 development vision.
- Advancecon Development Sdn BhdcorePerak Corp entered into agreement with Advancecon Holdings Berhad as co-developer for Silver Valley Technology Park (SVTP) project with RM1.03 billion GDV. Advancecon brings 30 years of experience in infrastructure construction services. The three-party joint venture combines resources, expertise, and capabilities between PKNPk, Perak Corp, and Advancecon for the development of Southeast Asia's first digital disruptive industrial park.
- Quill Group of CompaniesminorPKNPk and Perak Corp exploring potential collaborations with Quill Group, a leading fully integrated multi-disciplinary property group in Malaysia. Delegates from Quill visited Pangkor and toured Casuarina Houseboat exploring property, hospitality and tourism development opportunities.
- MITI - Public Private Partnership COVID-19 Industry Immunisation Program (PIKAS)minorCasuarina Convention Centre selected as Vaccination Administration Centre (PPV) under MITI-led PIKAS programme for manufacturing workers in Perak. Target to administer 16,000 vaccinations with capacity of up to 1,800 doses per day. Partnership with Malaysian government for pandemic response.
- Casuarina Meru Sdn Bhd (Internal Integration)coreCasuarina SINI-DRIVE was the first project connecting and integrating PCB Group businesses including property development, hospitality, tourism, and F&B. The drive-in cinema at Downtown Meru served as platform for PCB to create future promotion bundles linking property, hospitality, tourism and food & beverages.
- KPJ Healthcare BerhadminorPerak Corp through PCB Development extended opportunity for KPJ Healthcare to explore expansion in Bandar Meru Raya, Ipoh. KPJ currently operates KPJ Ipoh Specialist Hospital with 275 beds. Discussions focused on potential healthcare facility development within Perak Corp's township.
Scale indicators22 records
Recent moves9 records
Expansion highlights6 records
Perak Corporation competitors and assessment
Company assessmentDirect peers
- UEM Sunrise Berhad: Malaysian GLC-linked property developer focused on integrated townships and high-rise developments. Comparable as a Bursa Malaysia-listed master developer with state-backed project relationships and large land bank strategy.
- Mah Sing Group Berhad: Bursa Malaysia-listed property developer with townships, industrial projects, and commercial developments. Comparable developer-scale player targeting Malaysian growth corridors with similar master-planned community approach.
- Eastern & Oriental Berhad: Malaysian property and hospitality group with luxury developments, hotels, and tourism assets. Comparable for the hospitality and integrated property/hospitality positioning overlapping Casuarina brand operations.
- MMC Corporation Berhad: Malaysian conglomerate operating ports (Johor Port, PTP), energy, and construction. Closest peer on the port/logistics side given Lumut Maritime Terminal operations and infrastructure-driven business model.
- Sime Darby Property Berhad: Malaysian GLC-linked township and integrated property developer with master-planned communities, industrial parks, and commercial assets. Directly comparable as a large-scale Malaysian master developer competing for institutional and government-linked project flow.
- SP Setia Berhad: One of Malaysia's largest listed property developers with townships, integrated developments, and industrial assets. Comparable as a Bursa Malaysia-listed master developer with similar township-scale projects and government project relationships.
- IGB Corporation Berhad: Malaysian listed company with property development, hospitality (hotels), and investment holdings. Comparable as a diversified property/hospitality listed entity with recurring revenue streams from real estate operations.
- Suria Capital Holdings Berhad: Sabah state GLC operating ports, property, and logistics. Comparable as a Malaysian state-government-linked holding company focused on port operations and property development in a single regional geography.
Emerging players
- Advancecon Holdings Berhad: Malaysian infrastructure and earthworks contractor that is Perak Corp's JV co-developer for Silver Valley Technology Park. Comparable as an emerging infrastructure player whose project pipeline is increasingly tied to GLC-led industrial park development.
Broad incumbents
- Boustead Holdings Berhad: Malaysian GLC conglomerate with diversified operations across property, plantation, heavy industry, and hotels. Comparable as a government-linked diversified holding company with mixed property and hospitality exposure under a single listed entity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Perak Corporation social profiles
Digital presencePerak Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Perak Corporation leadership team
Management profileNumber of profiles
Profiles18 records
Perak Corporation subsidiaries and ownership
Company hierarchySubsidiaries5 records
Perak Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Perak Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Perak Corporation
What does Perak Corporation do?
Perak Corporation Berhad is a government-linked investment holding company operating four core business divisions: (1) Land & Property Development including the Bandar Meru Raya integrated township; (2) Port & Logistics through the Lumut Maritime Terminal and Lekir Bulk Terminal on the Straits of Malacca; (3) Hospitality & Tourism under the Casuarina brand including hotels, a convention centre, and houseboat; and (4) Management Services. The company serves as master developer for PKNPk Group's strategic projects in Perak, Malaysia.
Is Perak Corporation a public or private company?
Perak Corporation is a public company. It is classified as state government owned and is currently operating.
When was Perak Corporation founded?
Perak Corporation was founded in 1991. It employs 251 to 500 people.
Where is Perak Corporation based?
Perak Corporation is headquartered in Ipoh, Malaysia, in the Asia region.
How does Perak Corporation make money?
Four revenue lines are on record. Land & Property Development is the primary driver. The others are port & Logistics Services, hospitality & Tourism and management Services.
Who are Perak Corporation's main competitors?
Direct peers on record are UEM Sunrise Berhad, Mah Sing Group Berhad, Eastern & Oriental Berhad, MMC Corporation Berhad, Sime Darby Property Berhad, SP Setia Berhad, IGB Corporation Berhad and Suria Capital Holdings Berhad. Advancecon Holdings Berhad is listed as an emerging player. Boustead Holdings Berhad is listed as a broad incumbent.
Does Perak Corporation have an API?
No public API is recorded for Perak Corporation.
What industry is Perak Corporation in?
Perak Corporation's product category is Diversified Property, Port & Hospitality Holdings. Its primary akta.pro industry code is BPAIALAJ, Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs), with a secondary code of EUANALAE, Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight). Its NAICS code is 48831 and its SIC code is 1540.