KTI Landmark Berhad to be a Public Listed Entity

Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor witnessed the launch of KTI Landmark Berhad’s initial public offering (IPO) prospectus, on 21 May 2024, at Kota Kinabalu.

KTI Landmark Berhad aims to raise RM48 million under the listing exercise on the ACE Market of Bursa Malaysia Securities Berhad. The company - a Sabah-based integrated property developer and CIDB-certified on-site Industrialised Building System (IBS) manufacturer, - provides design and build construction services primarily to the Sabah Housing and Town Development Authority (LPPB) to build affordable housing for the public and approved-subsidised pricing for civil service staff.

At present, KTI has a total of RM2.2 billion Gross Development Value (GDV) projects ongoing and upcoming projects across Kota Kinabalu, Tuaran, Sandakan and Papar, where 30 per cent of them were awarded by LPPB. The company’s projects include Taman Wawasan in Beaufort, Taman La Gloxinia in Papar, Taman Seri Lemawang in Tuaran as well as Taman Nelly, Taman Lavender and The Logg in Kota Kinabalu.