PRESS STATEMENT / SIARAN AKHBAR
(FOR IMMEDIATE RELEASE)
ENCORP BERHAD CONCLUDES 26TH AGM WITH SHAREHOLDER ENDORSEMENT FOR GOVERNANCE RESOLUTIONS
KOTA DAMANSARA, 24 JUNE 2026- Encorp Berhad (“ENCORP” or the “Group”), a property development group with diversified interests across construction, investment property and facilities management, today announced the successful conclusion of its 26th Annual General Meeting (“26th AGM”), held at SPACEHUB, Strand Mall, Kota Damansara, with shareholders approving all resolutions tabled at the meeting.
At the 26th AGM, shareholders received the Company’s Audited Financial Statements for the financial year ended 31 December 2025 together with the Reports of the Directors and Auditors thereon. Shareholders also approved the Directors’ fees and benefits for the period from the conclusion of the 26th AGM until the next AGM of the Company.
The meeting also saw shareholders approving the re-election of Encik Mohd Yusmadi Bin Mohd Yusoff, who retired in accordance with Clause 99 of the Company’s Constitution. In addition, Encik Muhammad Fitri Bin Othman, Dr Wan Ahmad Rudirman Bin Wan Razak and Puan Zaina Diana Binti Zinal, who retired in accordance with Clause 106 of the Company’s Constitution, were re-elected to the Board.
Shareholders also approved the Proposed Shareholders’ Mandate for Recurrent Related Party Transactions of a revenue or trading nature. The mandate enables ENCORP and its subsidiaries to enter into transactions necessary for the Group’s day-to-day operations in the ordinary course of business, provided that such transactions are undertaken on an arm’s length basis, on normal commercial terms, and are not detrimental to the interests of minority shareholders.
Encik Ahmad Harzimi Mohd Taib, Group Chief Executive Officer of ENCORP, commented, “We are encouraged by the continued support shown by our shareholders at the 26th AGM. Their endorsement reflects confidence in ENCORP’s governance framework, business direction and ongoing efforts to strengthen the Group’s operational foundation.”
He added, “ENCORP remains focused on disciplined execution across our development portfolio, improving the performance of our investment properties and exploring strategic partnerships that can support future growth. As we move forward, our priority is to build a more resilient earnings base while maintaining sound governance and accountability to shareholders.”
The Company noted that Messrs Ernst & Young PLT had expressed their intention not to seek re-appointment as Auditors of the Company and had retired accordingly.
Looking ahead, ENCORP will continue in the planned Lamanda Chuping Phase 2 in Perlis, while further progressing the planning stages development of Cockburn Centre in Australia. The Group will also strengthen recurring income contributions from its investment property portfolio through ongoing tenant optimisation and asset enhancement initiatives at Strand Mall and Warna Avenue.
In line with its strategy to rebuild its development pipeline and expand collaboration networks, ENCORP has recently entered into strategic Memoranda of Understanding (“MoUs”) with key partners. These include a collaboration with the Federal Land Development Authority (“FELDA”) to undertake the design and construction of staff housing projects, as well as a separate MoU with KBI Properties Sdn. Bhd. to explore joint development opportunities. These partnerships are expected to leverage complementary strengths, enhance project visibility and support the Group’s long-term growth trajectory, subject to the finalisation of definitive agreements.
The Group remains committed to pursuing value-accretive opportunities through strategic partnerships, disciplined execution and prudent capital management, while continuing to deliver developments that meet evolving customer needs and contribute to sustainable communities.
The Board of Directors expressed its appreciation to shareholders, customers, business partners, employees and stakeholders for their continued trust and support, and reaffirmed ENCORP’s commitment to strengthening long-term value creation through disciplined growth, prudent execution and sustainable business practices.
About Encorp Berhad
Listed on the Main Market of Bursa Malaysia (Ticker: ENCORP/6076), ENCORP is principally an investment-holding company. The Group is currently involved in three core businesses – property development, property investment and construction. For more information, visit www.encorp.com.my or follow us on facebook: @encorpbhd.
