Profile

Gromutual Berhad (625034-X) is a public listed company on the Main Board of Bursa Malaysia Berhad since year 2005. With track records of over 30 years experience in property development, we have curved out a niche in residential, commercial and industrial development. We had gained good reputation of being trustworthy developer for timely delivery of qualities properties.

Gromutual Group of companies have grown steadily over the years and have undertaken the property development in Melaka and Johor states. Our development products range from landed residential, commercial building and industrial parks. Development of service apartments are in the pipeline.

Besides focusing on property development, Gromutual Group has broaden its income based by investing in the properties that provide steady stream of recurring rental income. Our investment portfolio includes students apartments catering for students from nearby universities, namely Multimedia Media University "MMU" and Universiti Teknikal Malaysia Melaka ("UTeM") and industrial building for manufacturers.

Gromutual was incorporated on 14 August 2003 as a private limited company under the Companies Act, 1965.The Company was converted into a public limited company on 13 January 2004 and has assumed its current name since. Gromutual has completed the Restructuring Scheme which involved taking over the listing status of Medas Corporation Berhad, a company listed on the Second Board of the Bursa Malaysia Securities Berhad ( Bursa Malaysia) and is now serving as the holding company for the following subsidiary companies :

• Ayer Hitam Land Sdn. Bhd.
• Emerald Park Sdn. Bhd.
• Simpang Maju Enterprises Sdn. Bhd.
• Ayer Hitam Sawmill Company Sdn. Bhd.
• Idealbase Sdn. Bhd.
• Taman Pahlawan Sdn. Bhd.
• Cheng Yew Heng Manufactory Sdn. Bhd.
• Sakae Corporation Sdn. Bhd.
• Wisma Development Sdn. Bhd.and their respective subsidirary companies (if any), collectively.