PETALING JAYA (June 5): Y&G Corp Bhd has completed its acquisition of three leasehold land and corporate assets worth a combined RM477 million, marking a significant milestone in the group's expansion strategy and future landbank development plans.
The final component of the exercise involved the acquisition of approximately 38.45 hectares (95.02 acres) of leasehold land in Sepang, Selangor from Nurani Saujana Sdn Bhd for RM206 million. The transaction was deemed completed on June 4, 2026, following the fulfilment of all obligations under the sale and purchase agreement (SPA).
The Sepang acquisition was the last of three related-party transactions announced by the company on Aug 11, 2025. The completion follows an earlier three-month extension granted on April 6, 2026, which extended the SPA deadline to July 6, 2026.
Prior to this, Y&G had completed the acquisition of approximately 148.52 hectares (367 acres) of land in Mukim Ujong Permatang, Kuala Selangor for RM189 million, together with the purchase of a 100% equity interest in Konsep Wawasan Sdn Bhd for RM82 million. Both transactions were completed on April 1, 2026.
Shareholders had approved all three acquisitions during an extraordinary general meeting held on Jan 7, 2026.
The acquisitions significantly enhance Y&G’s landbank and development capacity, providing the group with strategic sites for future residential and mixed-development projects in key growth corridors across Selangor.
Separately, the group reported a strong turnaround in its financial performance for the first quarter ended March 31, 2026 (1QFY2026).
Revenue increased substantially to RM33.38 million from RM5.44 million a year earlier, supported by higher construction progress from ongoing developments and contributions from a newly launched project in Rawang with a gross development value (GDV) of RM383.8 million.
The group posted a profit after tax of RM3.31 million, compared with a net loss of RM1.83 million in the corresponding quarter last year. Earnings per share improved to 1.52 sen from a loss per share of 0.84 sen previously, while net assets per share rose to RM1.48 from RM1.46 as at Dec 31, 2025.
As at March 31, 2026, Y&G recorded unbilled sales of RM134.13 million, providing earnings visibility for the coming quarters.
Looking ahead, management remains cautious on the property market outlook amid evolving sustainability requirements, affordability considerations and stricter regulatory compliance standards. The group also highlighted ongoing global economic uncertainties and said it would continue focusing on prudent execution and operational efficiency to support long-term growth.
What I Learned
Y&G has successfully completed all three acquisitions announced in August 2025, involving land in Sepang and Kuala Selangor as well as the acquisition of Konsep Wawasan Sdn Bhd.
The total acquisition value of RM477 million represents a major expansion of Y&G’s landbank and development pipeline.
The Sepang land acquisition worth RM206 million was the final component of the exercise and was completed ahead of the extended July 2026 deadline.
The newly acquired 367-acre Kuala Selangor land and 95-acre Sepang land provide Y&G with substantial development opportunities in Selangor's growing property corridors.
Y&G's financial performance improved significantly in 1QFY2026, returning to profitability as project progress accelerated and new launches contributed to revenue.
Revenue grew more than six-fold year-on-year, indicating stronger project execution and sales momentum.
The group's RM134.13 million unbilled sales balance provides future earnings visibility and supports near-term financial performance.
Despite stronger results, management remains cautious due to regulatory changes, sustainability requirements and global economic uncertainties affecting the property sector.
The acquisitions and improving earnings position Y&G for potential long-term growth through a larger development portfolio and expanded landbank.
The completion of these acquisitions demonstrates management's commitment to scaling the business and strengthening its presence in the Selangor property market.
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