Our History

Corporate Milestones

1975

1975
Established on 11 August 1975 with a vision to become a leading infrastructure and utility player.

2000

2000
Acquired 30% equity stake in Syarikat Pengeluar Air Selangor Holdings Berhad (“SPLASH Holdings”), 30% equity stake in Konsortium ABASS Sdn Bhd (“ABASS”) and 20% equity stake in Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (“SPRINT Holdings”).

2003

2003

Listed on Bursa Malaysia with an authorised capital of RM1.0 billion and an enlarged paid-up capital of RM431.4 million.

Via 60% subsidiary, Hydrovest Sdn Bhd, acquired 60% equity interest in Aqua-Flo Sdn Bhd (“Aqua-Flo”) which is involved in the trading of water chemicals and equipment as well as in the provision of technical services for the water, waste and sewage treatment plants.

2006

- Via 55% subsidiary, Titisan Modal (M) Sdn Bhd, KPS completed the acquisition of 100% equity stake in ABASS.

2007

Market capitalisation hit the RM1 billion mark, reaching RM1.35 billion at the end of December 2007.

2012

2012
The Group ventured into two new investments in the areas of Oil & Gas and Telecommunications. Via 100% subsidiary Perangsang Oil and Gas Sdn Bhd, Perangsang Selangor acquired 40% equity stake in NGC Energy Sdn Bhd. Via 100% subsidiary Perangsang Telco Sdn Bhd, KPS acquired 30% equity stake in Ceres Telecom Sdn Bhd.

2013

2013
Divested Kumpulan Hartanah Selangor Berhad to Kumpulan Darul Ehsan Berhad, marking KPS exit from the property development sector.

2015

2015
Divested ABASS to Pengurusan Air Selangor Sdn Bhd (“Air Selangor”).

2016

2016

Launched the Business Transformation Plan, a new growth agenda to ensure business sustainability of the Group.

Acquired 51% stake in Smartpipe Technology Sdn Bhd (“Smartpipe”), an engineering company offering integrated solutions for pipe replacement and rehabilitation to water and other utility companies.

Acquired 60% interest in Kaiserkorp Corporation Sdn Bhd, the holding company of King Koil Licensing Company Inc (“KKLC”), which owns the global King Koil® brand.

Emerged as major shareholder by holding 51% equity stake in Aqua-Flo.

Acquired 71.4% equity stake in Century Bond Bhd (“CBB”), an integrated packaging solutions provider.

2017

2017
Emerged as majority shareholder by holding 51% equity stake in KPS-HCM Sdn Bhd (“KPS-HCM”), which is primarily involved in road construction, maintenance and rehabilitation as well as general civil engineering and infrastructure works.

2018

2018

Set a new business direction for KKLC’s operations in the United States of America (“the US”) from licensing to direct-to-retail manufacturer.

KPS indirect 60%-owned subsidiary Kyco Industries Inc formed a wholly- owned subsidiary King Koil Manufacturing West LLC (“KKMW”) to undertake the production, sale and distribution of King Koil mattresses and related bedding and sleep products in the US.

Acquired 100% equity stake in CPI (Penang) Sdn Bhd (“CPI”), an integrated plastic injection moulding company.

SPLASH Holdings accepted a takeover offer of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”) by Air Selangor.

2019

2019

Acquired 100% equity stake in Toyoplas Manufacturing (Malaysia) Sdn Bhd, an end-to-end plastic injection moulding solutions provider.

KPS subsidiary, CBB acquired 85% equity stake in Taspack Industrial Sdn Bhd, an end-to-end manufacturer of offset carton boxes and printing of instruction manuals.

KPS subsidiary, Smartpipe formed signed a joint venture agreement with Menteri Besar Kedah Incorporated to provide non-revenue water solutions in Kedah.