Kti Landmark Berhad (Malaysia)

The Company was incorporated on 10 March 2016.
The Company s principal activity is investment holding.
On 9 January 2023, the Group entered into a sales and purchase agreement with Millennium Aber Sdn. Bhd. (“Millennium”) to purchase land with a total area of approximately 82,451 square metres for the purpose of future development projects with a total purchase consideration of RM73,999,718 and 10 of the purchase consideration amount of RM7,399,972 had been paid to Millennium in FYE 2022. During the financial year, the Group has settled the remaining purchase consideration of RM66,599,746 through bank financing.
On 31 January 2024, KTID declared an interim single tier dividend of RM15 per ordinary sharefor the financial year ended 31 December 2023 amounting to RM15,000,000 which was paid on 1 February 2024.
Pursuant to the outbreak of the COVID-19 pandemic in 2020, the Government had implemented different forms of MCO from 18 March 2020 to 31 March 2022 to contain the spread of the virus. During this period, our Group was required to comply with the changes in SOP (e.g. reduced workforce capacity) outlined by MITI throughout the period. The reduction in workforce capacity, as per MITI's SOP during these periods, did not result in material adverse impact to our business and operations at our headquarters, sales galleries and IBS casting yard. Since December 2021, we have been operating at full workforce capacity after 80.0 of our employees obtained 2 doses of vaccination, as outlined by MITI.
In addition, there were no major disruptions in the procurement of supplies, or disruptions / delays in logistics which resulted in shortages of supplies to carry out the operations at our IBS casting yard since March 2020. Despite the temporary disruption to our casting yard activities, there were no delays in the delivery of IBS components to our project sites and no delays on the delivery of our projects. Further, our Group's ability to complete our projects on time despite the disruptions to operations during the pandemic had demonstrated that the adoption of IBS construction technique is able to shorten construction times.
Beginning 1 April 2022, Malaysia entered into the “Transition to Endemic” phase. Among the relaxed rules and SOP include the abolishment of restrictions on business operating hours (i.e. business owners are allowed to set the hours of operation according to the terms of their business licence) and the abolishment of limits on the number of personnel allowed in workplace. The operations at our headquarters, sales galleries and IBS casting yards were not impacted by the enforcement of the “Transition to Endemic” phase beginning 1 April 2022.
1984 - Loke Theen Fatt, our Managing Director / Chief Executive Officer, joined our Group through KTISB (i.e. a shelf company incorporated on 27 August 1984 which was subsequently acquired by Siaw Voon Chiat and Lim Hui Ling (non-related party) who exited in 1986 and 1989 respectively) as Manager. KTISB was initially involved in the application of relevant licenses to carry out business operations and in tendering for general building construction projects from the public sector. General building construction services refer to the typical construction activities undertaken by contractors to construct buildings based on customer's building design.
1985 - Chin Mee Leen, our Promoter, joined our Group when she was appointedas Director on 6 June 1985.
1986 - Chin Mee Leen acquired 50.0 equity interest in KTISB from Siaw Voon Chiat (non-related party) on 1 October 1986, and Lim Hui Ling (nonrelated party) held the remaining 50 equity interest in KTISB. The company began providing general building construction services to the public sector. The company secured our 1st project under the public sector for the construction of police staff quarters in Taman Nelly, Kolombong, Sabah, which was completed in 1988.
1993 - The company began providing general building construction services to the private sector. Amongst the initial construction projects secured were as follows
a) construction of a mosque in Ranau, Sabah (i.e. GDV of RM1.0 million and the construction was completed in 1995);
b)construction of a residential project comprising double storey terraced houses and double storey semi-detached houses in Taman Bestari Luyang, Sabah (i.e. GDV of RM4.3 million and the construction was completed in 1994); and
c)construction of a residential project comprising double storey terraced houses and double storey semi-detached houses in Taman Fabulosa Luyang, Sabah (i.e. GDV of RM11.0 million and the construction was completed in 1994).
1994 - The company began our venture into property development. In the early years of business, our Group was mainly involved in the sourcing of land for development, initial-stage project planning, securing approvals from
relevant authorities to proceed with project development, and making necessary preparations for the launching of new property development projects. Achieved a new milestone when we secured a construction project, with a total GDV of RM30.0 million, under the public sector for the construction of police staff quarters in Kolombong, Sabah. The construction was completed in 1997
1998 - Developed our first commercial project under our property development business, which comprised 3 units of double-storey shops in Taman Ehsan, Tawau, Sabah. The project had a total GDV of RM1.0 million and the construction was completed in 2000.
1999 - Developed our first residential project in Taman Orkid, Kudat, Sabah, in which the project was divided into 3 phases of development. The project also included the development of shops. Collectively, the development comprised the following:
a) 174 units of single-storey detached houses;
b)101 units of double-storey semi-detached houses;
c) 145 units of double-storey terraced houses; and
d) 6 units of double-storey shops
2000 - Secured our first educational facility construction project to construct the facilities at Zone 2 and 3 of the Kota Kinabalu Polytechnics in Sepanggar, Sabah. The project had a total GDV of RM39.0 million and theconstruction was completed in 2003.
2002 - Secured our first construction project outside Sabah to construct Kluang Prison Complex in Kluang, Johor. The project had a total GDV of RM35.7 million and the construction was completed in 2005.
2007 - Achieved a new milestone when our property development project (i.e.development of Taman Nelly 8 in Kolombong, Sabah) exceeded a GDV of RM50.0 million. The project was divided into 4 phases of development. Collectively, the development comprised the following:
a) 92 units of double-storey terraced houses;
b) 64 units of 4-storey apartments; and
c) 280 units of studio apartments.
2010 - Entered into our first collaboration with LPPB to provide design and build construction services to develop a residential project in Taman Wawasan, Beaufort, Sabah. This project comprised the development of Phase 3 and 4 of Taman Wawasan in Beaufort, Sabah, which collectively comprised 252 units of double-storey terraced houses, with a total GDV of RM34.2 million. The development was completed in 2014.
2012 - Achieved a new milestone in the provision of design and build construction services to LPPB when the GDV of our design and build project, namely Taman La Gloxinia, exceeded the RM100.0 million benchmark. Taman La Gloxinia is located in Kinarut, Sabah and the project was divided into 3 phases of development. The development comprised a total of 472 units of double-storey terraced houses and 20 units of double-storey shops with a GDV of RM139.8 million. The development was completed in 2016.
2013 - Loke Theen Fatt became our shareholder in February 2013 when he acquired 11.3 equity interest in KTISB, which were existing shares in KTISB, from Lok Kau Lin, a non-related party. The remaining shares of 88.7 were held by Chin Mee Leen.
2015 - Achieved a new milestone in the provision of design and build construction services to LPPB with the construction of our first design and build high-rise residential project, namely Puncak Gloxinia in Kinarut, Sabah. Puncak Gloxinia is a PPAM project which is a civil servant housing project located in Kinarut, Sabah and the project was divided into 2 phases of development. The development comprised 6 blocks of 18-storey affordable housing units with a total of 1,296 units and a GDV of RM418.5 million.
Construction works for Puncak Gloxinia Phase 1 (i.e. Block A, Block B and Block C) commenced in 2015 and was completed in 2018; while construction works for Puncak Gloxinia Phase 2 (i.e. Block D, Block E and Block F) commenced in 2017 and was completed in 2020.
2017 - Commenced operations of a casting yard in Tuaran
2019 - Achieved a new milestone in the provision of design and build construction services to LPPB with the construction of a residential project in Taman Seri Lemawang which exceeded the RM300.0 million GDV benchmark. The said project is located in Tuaran, Sabah and it also included the development of shops. The development comprises the following:
a) 833 units of double-storey houses;
b) 800 units of five-storey apartments;
c) 16 units of double-storey shophouses; and
d) 1 unit of double-storey detached shop.
2021 - Achieved a new milestone with the development of our first mixeddevelopment project, namely The Logg in Luyang, Sabah which is also our Group's first joint development project with LPPB. The development comprises the following:
a) 2 blocks of 28-storey condominiums;
b) 1 block of 28-storey apartment;
c) 1 block of 38-storey 4-star hotel, namely Avani Luyang @ The Logg, with 370 rooms;
d) 2 levels of retail space; and
e) 3 levels of purpose-built offices comprising 12 units of offices.