KUALA LUMPUR (Jan 7) – Tien Wah Press Holdings Bhd has taken a strategic step into Malaysia’s fast-growing data centre sector through its joint venture with Singapore-listed Lum Chang Holdings Ltd, positioning itself to capitalise on rising demand for digital infrastructure across Selangor and Greater Kuala Lumpur.
The joint venture vehicle, Lum Chang Tien Wah Property Sdn Bhd (LCTWP), has entered into a collaboration with MyTelehaus Sdn Bhd to develop and operate a data centre on a 1.61-acre portion of its 3.22-acre landholding in Section 13, Petaling Jaya. The location is widely regarded as a strategic commercial and industrial node within Selangor, supported by established infrastructure and power availability.
Under the arrangement, LCTWP will contribute the development land and be responsible for funding and constructing the core and shell of the data centre facility. MyTelehaus, meanwhile, will handle regulatory approvals, detailed design, fit-out works, commissioning, operations, marketing, and leasing, fully at its own cost. Once completed, the land and building will be leased to MyTelehaus for a 30-year term under a formal lease structure.
Revenue generated from the data centre will be shared based on capital expenditure contributions for each development phase. LCTWP’s revenue share is expected to start at approximately 50% during the initial operating stage and gradually adjust to around 20% once the facility reaches full phased expansion.
The agreement also provides flexibility for LCTWP to explore alternative development or partnership options should MyTelehaus be unable to continue with the project, subject to market conditions and regulatory approvals.
Tien Wah noted that the venture aligns with LCTWP’s long-term strategy to unlock and enhance the value of its land assets, particularly those located within high-demand commercial and industrial zones in Selangor. The site’s zoning suitability, access to utilities, and proximity to Kuala Lumpur further strengthen its appeal for data centre development.
By partnering with MyTelehaus, an established player in Malaysia’s data centre ecosystem, LCTWP retains ownership of both the land and building while benefiting from MyTelehaus’s technical expertise, operational capabilities, and industry networks. This collaboration is expected to generate long-term recurring income and strategic synergies.
The project will be financed through a combination of internal funds, bank financing, and potential shareholder loans. Tien Wah’s estimated contribution stands at RM15.3 million, forming part of LCTWP’s total capital commitment of RM115 million.
While the venture is not expected to materially impact Tien Wah’s earnings or balance sheet for the financial year ending Dec 31, 2025, the group anticipates positive earnings contributions in future periods as the data centre becomes operational.
This development further underscores the growing importance of data centres, industrial land in Selangor, and technology-driven commercial property in KL, as Malaysia continues to strengthen its position as a regional digital and manufacturing hub.
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