Gromutual Berhad

Gromutual Berhad is a Malaysian property development company listed on the Main Board of Bursa Malaysia Securities Berhad. According to its corporate overview, the company has more than 30 years of experience in property development and has built a niche in residential, commercial and industrial development. It is known for delivering quality properties on time and has undertaken projects in the states of Melaka and Johor. Its development products include landed residential homes, commercial buildings, versatile business suites and industrial parks. Beyond development, Gromutual Group has diversified its income by investing in properties that generate recurring rental income, including hostels and apartments in Melaka, industrial buildings in Kulai and commercial units at Austin 18. The company was incorporated on 14 August 2003 as a private limited company under the Companies Act 1965. It was converted into a public limited company on 13 January 2004 and assumed its current name. Gromutual completed a restructuring scheme involving the takeover of the listing status of Medas Corporation Berhad, a company previously listed on the Second Board of Bursa Malaysia, and now serves as the holding company for several subsidiaries. These subsidiaries include Ayer Hitam Land Sdn. Bhd., Rainbow Entity Sdn. Bhd., Ayer Hitam Sawmill Company Sdn. Bhd., Regal Park Sdn. Bhd., Cheng Yew Heng Manufactory Sdn. Berhad and Sakae Corporation Sdn. Bhd. Gromutual's core values and corporate governance framework are publicly documented, with policies covering anti-bribery and corruption, a board charter, a code of ethics and conduct, whistleblowing, and occupational safety and health. The company maintains an official website at gromutual.com and publishes annual reports, including its Annual Report 2025 and notice of its 23rd Annual General Meeting. As a public listed entity, it operates under the regulatory framework of Bursa Malaysia Securities Berhad.

Gromutual Berhad was incorporated on 14 August 2003 as a private limited company under the Companies Act 1965. On 13 January 2004, it was converted into a public limited company and assumed its current name. The company completed a restructuring scheme that involved taking over the listing status of Medas Corporation Berhad, a company listed on the Second Board of Bursa Malaysia Securities Berhad. Following this, Gromutual became listed on the Main Board of Bursa Malaysia Securities Berhad in 2004 and now serves as the holding company for several subsidiaries. The group's property development track record spans over 30 years, with projects undertaken in the states of Melaka and Johor. Its development portfolio includes landed residential properties, commercial buildings, versatile business suites and industrial parks. In addition to development, Gromutual has broadened its income base by investing in properties that provide recurring rental income. Its investment portfolio includes hostels and apartments in Melaka, industrial buildings in Kulai and commercial units at Austin 18. The company operates through subsidiaries including Ayer Hitam Land Sdn. Bhd., Rainbow Entity Sdn. Bhd., Ayer Hitam Sawmill Company Sdn. Bhd., Regal Park Sdn. Bhd., Cheng Yew Heng Manufactory Sdn. Berhad and Sakae Corporation Sdn. Bhd. Gromutual maintains a corporate governance framework with policies such as an anti-bribery and corruption policy, board charter, code of ethics and conduct, whistleblowing policy, and occupational safety and health policy. It publishes annual reports, with the most recent being the Annual Report 2025, and held its 23rd Annual General Meeting as indicated in its corporate governance disclosures.

• 2004

  Converted into a public limited company on 13 January 2004 and assumed its current name.

• 2004

  Listed on the Main Board of Bursa Malaysia Securities Berhad after completing a restructuring scheme involving the takeover of Medas Corporation Berhad's listing status.

• 2003

  Incorporated on 14 August 2003 as a private limited company under the Companies Act 1965.

Trustworthy developer known for timely delivery of quality properties, with a niche in residential, commercial and industrial development in Melaka and Johor.

• Landed residential properties

• Commercial buildings

• Business suites

• Industrial parks

• Investment properties (hostels, apartments, industrial buildings, commercial units)

1. 1Home - Gromutual Berhadgromutual.com
2. 2OVERVIEW - Gromutual Berhadgromutual.com
3. 3CORPORATE GOVERNANCE - Gromutual Berhadgromutual.com
4. 4Gromutual Berhad - Wikidatawikidata.org