AIZO Group Berhad

What AIZO Group Berhad does

AIZO Group Berhad is a Malaysian publicly-listed diversified industrial conglomerate (Bursa Malaysia ticker: 7219), operating across six business segments through wholly-owned and majority-owned subsidiaries. Originally founded in 1977 as a drilling and blasting services company and listed in 2006 as Minetech Resources Berhad before rebranding to AIZO Group Berhad in 2024, the group now spans: (i) Construction & Civil Engineering via Minetech Construction Sdn Bhd and AIZO Construction Sdn Bhd, delivering infrastructure works, controlled blasting, and mining services; (ii) Manufacturing via AIZO Manufacturing International Sdn Bhd, producing ISO 9001:2015-certified bituminous products (Blown Bitumen, Bitumen-Based Coating Enamel, Bituminous Emulsion) at its Hulu Selangor plant using Korean technology; (iii) Renewable Energy via Aizo Energy Sdn Bhd and Wawasan Demi Sdn Bhd, operating a 9.99Mwac floating Large Scale Solar Photovoltaic project at Pantai Remis, Perak and executing a new LSS PPA with Tenaga Nasional Berhad in 2025; (iv) Property Development (Kinta Land, Ipoh); (v) Oil & Gas services spanning exploration, fabrication, EPCIC, MRO-R and pipeline repair; and (vi) Financial Technology via Techmile Resources Sdn Bhd and the acquired Uniqa (M) Sdn Bhd, an approved Money Service Business Act system provider delivering cross-border remittance to India, Bangladesh, Nepal, and the Philippines for Malaysian banks.

The company generates revenue through a mix of project-based construction contracts secured via formal tenders (e.g., RM24M Letter of Award from China State Construction Engineering in November 2024), hardware sales of manufactured bitumen to industrial customers, recurring power purchase agreement revenue from solar generation sold to Tenaga Nasional Berhad, transaction and processing fees from fintech remittance and electronic payment services, oil & gas professional services, and one-off property development sales. Its go-to-market is enterprise field sales combined with government and corporate tender processes across all segments, with the corporate headquarters at Level 37-02, Menara Affin @ TRX in Kuala Lumpur and manufacturing operations in Hulu Selangor.

Operationally, AIZO is led by Executive Chairman Dato Abang Abdillah Izzarim (appointed January 2024), with a recently strengthened executive team including a new CFO Loke Chee Kien (appointed April 2026) and divisional CEOs for manufacturing (Lee Inn Chean) and construction (Ts. Pete Chin Sheong Choy). The group's strategic positioning rests on regulatory permits (Energy Commission LSS awards, MBSA-approved remittance status), standards-based manufacturing certifications, and 47 years of operational history, though no consolidated revenue, headcount, or financial performance figures were disclosed in the available source data.

Name

AIZO Group Berhad

Legal name

AIZO Group Berhad

Website

https://aizo.com.my

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Short description

AIZO Group Berhad is a Malaysian publicly-listed conglomerate (Bursa Malaysia: 7219) operating six segments — civil engineering and construction, bitumen manufacturing, solar renewable energy, property development, oil & gas services, and financial technology — serving enterprise clients, government utilities, and Malaysian banks via subsidiaries and tenders.

Ownership category

akta.pro rank

Product category

Diversified Industrial and Engineering Services

NAICS

Support Activities for Mining (2131)

akta.pro primary industry

Technology, Software & IT Services (FSABACAJ)

Keywords

• Civil engineering services
• Bitumen manufacturing
• Solar power generation
• Fintech payment solutions
• Construction contracting

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Construction & Civil Engineering: Revenue from civil, building, and mining construction services including infrastructure works, underground excavation, controlled blasting, and specialist rock blasting services. Revenue is contract-based from project awards.
2. Bitumen Manufacturing & Sales: Production and distribution of bituminous products including Blown Bitumen, Bitumen Based Coating Enamel, Bituminous Emulsion and other bituminous-chemical products. ISO9001:2015 certified manufacturing facility in Hulu Selangor.
3. Renewable Energy Generation: Power generation from solar photovoltaic installations. AIZO Energy Sdn Bhd operates a 9.99Mwac LSSPV project. Revenue from power purchase agreements with Tenaga Nasional Berhad.
4. Property Development: Development of residential and commercial properties. Currently developing Kinta Land in Ipoh, Perak on approximately 1.5 acre commercial land.
5. Financial Technology Services: Fintech solutions including electronic payment systems, cross-border remittance services, and e-money issuance through Techmile Resources Sdn Bhd and Uniqa (M) Sdn Bhd. Provides payment processing and merchant acquisition services.
6. Oil & Gas Services: Services including onshore E&P, geochemical surveys, 2D & 3D acquisition, early production facilities, OCTG, wellhead/X-tree/rig services, EPCIC, fabrication, equipment supply/rental, MRO-R, pipeline repair, asset management, and manpower supply.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

AIZO Group Berhad operates a diversified portfolio through wholly-owned subsidiaries across six core verticals: (1) civil, building and mining construction including controlled blasting via Minetech Construction Sdn Bhd; (2) bituminous product manufacturing via AIZO Manufacturing International Sdn Bhd; (3) solar power generation via Aizo Energy Sdn Bhd; (4) property development; (5) oil and gas services; and (6) fintech payment and cross-border remittance solutions via Techmile Resources Sdn Bhd and Uniqa (M) Sdn Bhd.

Product overview

AIZO Group Berhad is a diversified Malaysian conglomerate operating across six core business segments: Construction & Civil Engineering, Manufacturing, Renewable Energy, Property Development, Oil & Gas, and Financial Technology. Originally founded as a drilling and blasting services company in 1977, the company has expanded into multiple sectors. The Construction division (via AIZO Construction Sdn Bhd) provides civil engineering, infrastructure, and specialist blasting services. Manufacturing (via AIZO Manufacturing International Sdn Bhd) produces bituminous products for construction and industrial applications. Renewable Energy operations (via Aizo Energy Sdn Bhd) focus on solar power generation including floating solar systems. Financial Technology services are delivered through Techmile Resources Sdn Bhd and its subsidiary Uniqa (M) Sdn Bhd, providing payment solutions and remittance services to banks and financial institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil, Building and Mining Construction Services
• Bituminous Product Manufacturing
• Solar Power Generation (Large Scale Solar Photovoltaic)
• Property Development
• Oil and Gas Services
• Financial Technology Solutions (Cross-Border Remittance and Payment Systems)

Quantifiable outcome

• 9.99Mwac solar capacity from LSSPV project
• +1 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Tenaga Nasional BerhadcoreOthers · 28 April 2025Power Purchase Agreement between Wawasan Demi Sdn Bhd (WDSB), a 63%-owned subsidiary of Coral Energy Sdn Bhd (wholly-owned subsidiary of AIZO), and Tenaga Nasional Berhad for the Large Scale Solar Photovoltaic plant development.
• China State Construction Engineering (M) Sdn BhdcoreChannel Partner/ Reseller/ Distributor · 13 November 2024Minetech Construction Sdn Bhd accepted a Letter of Award from China State Construction Engineering (M) Sdn Bhd as nominated Sub-Contractor for external infrastructure works in Kuala Lumpur for a contract sum of RM24,068,000.00.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• IJM Corporation Berhad: Established Malaysian conglomerate with construction, property development, industry (including quarrying and building materials), and plantations. Comparable in diversified Malaysian infrastructure-and-materials profile to AIZO, but materially larger and more diversified.

Direct peers

• Gamuda Berhad: One of Malaysia's largest infrastructure and engineering groups with civil engineering, construction, property, and water businesses. Directly comparable to AIZO's construction segment and similarly diversified across infrastructure-linked verticals, but at substantially larger scale.
• Sapura Energy Berhad: Malaysian-listed integrated oil & gas services company providing drilling, EPCIC, fabrication, and operations support. The most direct Malaysian listed peer to AIZO's oil & gas services segment.
• WCT Holdings Berhad: Malaysian construction and property developer with infrastructure, building, and real estate exposure. Directly comparable to AIZO's civil engineering and property development segments.
• Sunway Construction Group Berhad: Pure-play Malaysian civil engineering and construction group delivering infrastructure, building, and foundation works. Comparable to AIZO's Minetech Construction civil engineering and infrastructure activities.
• Mudajaya Group Berhad: Malaysian group with construction, property, and power generation (including renewable energy) interests. Comparable to AIZO's combination of construction contracting and power project development.
• Cypark Resources Berhad: Malaysian renewable energy company specialising in solar PV, landfill gas, and biomass power projects. Comparable to AIZO's renewable energy/LSSPV segment, with similar reliance on Energy Commission project awards.
• Pekat Group Berhad: Malaysian solar PV specialist providing EPC, maintenance, and rooftop solar solutions. Comparable to AIZO's renewable energy segment and a relevant small-cap Malaysian solar peer.
• Solarvest Holdings Berhad: Malaysian solar PV engineering, procurement, construction and commissioning company serving C&I and utility-scale projects. Comparable in Malaysian solar EPC exposure, though focused exclusively on solar where AIZO is diversified.

Regional players

• Nynas AB: Specialist European bitumen and specialty oils producer supplying industrial bitumen grades for road construction, roofing, and pipeline coating. Comparable to AIZO Manufacturing's blown bitumen and coating enamel product lines, though operating primarily in Europe rather than Malaysia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AIZO-Group-Berhad-100066552883518
• LinkedInlinkedin.com/company/minetech-resources-berhad

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 AIZO Group Berhad