Leading our nation towards a cleaner, brighter future.
The chronicles of the establishment of Malakoff Berhad (“MB”) dates back to the early 1970s as a plantation-based business when the agricultural sector was at the top of its peak. The Company was incorporated on 9 October 1975 and listed on Bursa Malaysia in 1976. A shift in the Group’s corporate direction resulted in the disposal of its plantation-based assets in October 1993 and the subsequent venture into the power sector, driven by the surge in the country’s electricity demand.
From Malakoff Berhad to Malakoff Corporation Berhad
In its quest to further expand its core businesses and services, MB was presented with a golden opportunity when MMC Corporation Berhad (“MMC”) made an offer to acquire all of its assets as part of MMC’s transformation strategy to become a premier utilities and infrastructure player. The acquisition was completed on 30 April 2007 and subsequently, MB was officially delisted from the Main Market of Bursa Securities on 18 July 2007. This then led to the formation of Malakoff Corporation Berhad (“Malakoff”) on 25 April 2007. On 15 May 2015, Malakoff was relisted on Bursa Malaysia.
The Acquisition of Alam Flora
Malakoff wanted to stay ahead of its competitors and ventured into Environmental Solutions to accelerate its growth in the environmental and sustainability sector. The Group aspires to look beyond waste disposal and landfills towards a more sustainable waste management approach underlined by circular economy, aligned with the prospects of economic development and population growth in Malaysia.
In December 2019, Malakoff completed the acquisition of a 97.37% equity in Alam Flora Sdn. Bhd. from DRB-HICOM Berhad for RM869 million to accelerate its growth in the environmental solutions sector.
Alam Flora currently holds a concession to provide solid waste collection and public cleansing management services to several concession areas in Pahang, Federal Territories of Kuala Lumpur and Putrajaya.
Malakoff today, a diversified portfolio of businesses, is moving towards becoming a global renewable energy and environmental solutions player, with key focus in Thermal Power Generation, Renewable Energy (solar, mini-hydro, biogas, Waste-to-Energy), Environmental Solutions and Water Desalination. Malakoff’s growth trajectory is underlined by key sustainability and Environmental, Social and Governance criteria.