Solarvest Holdings Bhd has emerged as a substantial shareholder of Hartanah Kenyalang Bhd after acquiring an additional 44 million shares, or 6.45% equity interest, from three executive directors of the Sarawak-based construction group.
Following the acquisition on July 15, 2026, Solarvest’s total shareholding in Hartanah Kenyalang has increased to 13.05%, or 89 million shares, in the company.
The latest purchase follows Solarvest’s initial subscription of 45 million new shares in Hartanah on May 28, 2026, which represented a 6.6% equity interest.
The increased equity participation marks a strategic move by Solarvest to strengthen its presence in East Malaysia, particularly as Hartanah Kenyalang continues to expand its construction and infrastructure order book.
Hartanah Kenyalang’s order book has surged to RM800.5 million as of July 9, 2026, up significantly from RM142.5 million as of March 31, 2025, highlighting its growing project pipeline in Sarawak.
The investment also creates potential strategic synergies between both companies, with Hartanah Kenyalang providing Solarvest with a stronger foothold in the East Malaysian market, while Solarvest could support Hartanah Kenyalang’s expansion into solar photovoltaic and green energy-related opportunities.
The partnership could enable Hartanah Kenyalang to tap into Solarvest’s expertise, scale and industry networks as demand for renewable energy solutions accelerates, while allowing Solarvest to leverage Hartanah Kenyalang’s local market access and construction capabilities to deepen its East Malaysia expansion strategy.
The acquisition also signals growing collaboration between construction players and renewable energy specialists as Malaysia’s energy transition agenda drives demand for solar infrastructure and sustainable development projects.
