I-Berhad

I-Berhad

MMYX:IBHD
0.20
MYR
-0.01
(-7.14%)
Nov 24Next Earn
I-Berhad
MYX:IBHD
(Bursa Malaysia)

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Business
I-Berhad is a Malaysia-based property development, property investment, and hospitality company operating primarily in the real estate, smart city infrastructure, and urban development sectors. Founded in 1967 as Sanyo Industries (Malaysia) Sdn Bhd and renamed I-Berhad in 1999 following its strategic redirection into property development, the company is headquartered in Shah Alam, Selangor, Malaysia, and operates as a listed subsidiary of Sumurwang Sdn Bhd. The company focuses on master-planned urban regeneration, commercial asset management, and the integration of digital technology within modern real estate ecosystems across Malaysia. The company operates through four primary business segments: Property Development, Property Investment, Leisure and Hospitality, and Information and Communication Technology (ICT) and Other Services. Its core products and services comprise: residential property development, including high-rise luxury suites, serviced apartments, and residential towers such as 8 Kia Peng @ KLCC in Kuala Lumpur and Parisien, Liberty, and Hyde Towers within i-City; commercial property development and leasing, encompassing Grade A corporate office buildings such as Mercu Maybank and prime commercial retail suites; retail asset management, highlighted by the 1.5 million-square-foot Central i-City shopping mall co-developed in joint venture with Thailand's Central Pattana Public Company Limited; leisure and entertainment operations, including the multi-attraction i-City Theme Park, SnoWalk, WaterWorld, and the City of Digital Lights; hospitality operations, comprising international branded hotel properties including DoubleTree by Hilton Shah Alam i-City and Best Western i-City; digital and ICT infrastructure solutions, including dedicated Tier-3 data center facilities, high-speed broadband network management, smart building automation, and telecommunication advisory services; and auxiliary support operations, including comprehensive property management, automated parking facilities, and corporate holding services. In recent developments, I-Berhad has accelerated the transformation of its flagship 72-acre i-City Ultrapolis into an integrated artificial intelligence smart city. The company initiated a RM10 million capital expenditure program to implement AI systems, autonomous robotics, and IoT infrastructure across its commercial towers, hotels, data centers, and shopping destinations. Strategically expanding its digital living framework, I-Berhad entered into a technology partnership with Mesiniaga Berhad to build an Urban Intelligence Platform designed to manage AI-native residential infrastructure, security, and building automation. Furthermore, the company established a strategic collaboration with Singapore-based TwinMatrix Technologies to deploy spatial intelligence and experiential AI systems across its township assets, coinciding with the launch of its AI World Experience Centre and AI Living residential initiative.