MEGA SUN CITY HOLDINGS BERHAD (200401002347)(640850-U)

Mega Sun City Holdings Berhad (“MEGA SUN” or “the Company”) group of companies (“MEGA SUN Group” or “the Group”) was established in 1994. The Company was listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) under the name of Equator Life Science Berhad on 25 May 2005. On 27 October 2011, Equator Life Science Berhad changed its name to Ideal Sun City Holdings Berhad. Subsequently on 29 June 2016, the Company changed its name from Ideal Sun City Holdings Berhad to Mega Sun City Holdings Berhad.

The principal activities of the Group comprise:

Project Management Services

The Group provides project management services for commercial and residential property development industries. The full scope of project management services rendered by the Group include project design evaluation, project value engineering and project construction management. Project design evaluation services evaluate the clients’ existing project design to increase the net saleable area of the project. Project value engineering services reduce the construction costs and implementation time of the project. Project construction management services ensure that the project’s objectives are met and implementation is smooth and timely.

Property Investment Holding

During the financial year ended 31 December 2014, the Group started the diversification of the business of the Group into property investment holding with the purpose of diversifying its income stream from a solely project services based income to include recurring income from the rental of properties. In conjunction with the diversification, the Group has acquired and will continue to be on the lookout for properties with good rental yield and potential appreciation in value from the long term perspective.