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Centurion to buy Pasir Gudang worker accommodation asset for RM 214.5 million

PUBT·09/08/2026 12:10:52
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Centurion to buy Pasir Gudang worker accommodation asset for RM 214.5 million
  • Centurion signed an SPA to buy a purpose-built worker accommodation asset in Pasir Gudang, Johor for RM 214.5 million cash.
  • Deal covers two adjoining 60-year leasehold parcels expiring May 31, 2069, with 7,974 beds across two apartment-style blocks.
  • RM 21.45 million deposit paid; RM 193.05 million due at completion, targeted on or before April 7, 2027.
  • Funding planned via internal resources, external bank financing; acquisition costs estimated at RM 20.05 million.
  • Transaction would lift Malaysia bed capacity by 22% to about 43,980; no material FY2026 impact expected on EPS or NTA.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centurion Corporation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: CJ3SWCVI8S24X0PP) on September 08, 2026, and is solely responsible for the information contained therein.