Chase Perdana Sdn Bhd’s (“CPSB”) origin dates back to 1970 as a building construction sole proprietorship, then becoming a limited company in 1976 and subsequently being a public listed company known as Chew Piau Berhad in 1991, with its shares quoted on Bursa Malaysia Securities Berhad.
With continued expansion and diversification into property development and civil engineering, the Company changed its name to Chase Perdana Berhad (“CPB”) in 1995. CPSB and its Group of companies continued to consolidate its core strengths in the property and construction business segments. From an equity of more than RM45 Million in 1995 to RM90 Million in 1999, the issued and paid up share capital of the Company today stands at RM261 Million.
On 25 February 2008, the Company received a Notice of Conditional Voluntary Take-Over Offer from Empire Holdings Ltd, which is wholly owned by the Executive Chairman of Chase Perdana, to acquire all the Company’s shares and subsequently the Take-Over exercise was duly completed and it was converted to a private limited Company on 18 August 2008.
CPSB has a proven track record in the residential, commercial and other property sectors. Successfully completed projects to date totalling more than USD 5 Billion include the 42 Storey Villa Puteri Condominium, Universiti Malaysia Sabah, Bank Simpanan Nasional Headquarters and Tanjung Jara Beach Hotel. In recent years CPSB has made a presence in the Middle East with the recently completed Diplomat Commercial Office Tower. In Malaysia, the current projects are the 2nd Phase of the Students' Hostel facilities for the Universiti Malaysia Sabah and the infrastructure works (drainage & sewerage reticulations) for the Proposed Signature 18 Holes Desaru Valley Golf Course in Johor.
CPSB via its subsidiary, Academic Medical Centre Sdn Bhd (“AMC”), ventured into new businesses involving the healthcare and education sector, principally being engaged in the establishment and development of Perdana University and adjoining facilities. This is in collaboration with the Royal College of Surgeons in Ireland (“RCSI”). The University will comprise of a world-class Medical School, a Life Sciences Research Centre and a 600-bed multi-specialty teaching hospital with state-of-the art-facilities.
Chase Manara B.S.C. (c), a subsidiary of the Company has secured a USD 380 Million project recently from the Bahrain Housing Ministry for the construction and completion of approximately 2817 new housing units under the Bahrain Affordable Housing Public-Private Partnership project.
CPSB's projects both locally and internationally, are expected to generate higher revenues to the Group. The Group is on track to establish its presence as a premier construction company in Malaysia and globally with a current book value of USD 1.5 Billion.