“EcoWorld has launched a RM1.88 billion MTN programme through Quantum Alpha Sdn Bhd to finance its Google-affiliated data centre development in Selangor, with the first issuance fully subscribed.”
Kuala Lumpur, 14th November 2025, 11.50am – Eco World Development Group Bhd (EcoWorld) has rolled out an unrated medium-term note (MTN) programme valued at RM1.878 billion to support land acquisition and development works for its upcoming build-to-lease data centre project in Selangor.
In a filing to Bursa Malaysia on Thursday, the group said the MTN programme was established through its wholly owned subsidiary Quantum Alpha Sdn Bhd (QASB) — the vehicle leading EcoWorld’s data centre expansion strategy. The first issuance of RM3.58 million was completed on the same day.
According to EcoWorld, the notes — which will be issued in tranches — were fully subscribed by a major local financial institution, signalling strong investor confidence in EcoWorld’s financial position and the long-term outlook of the data centre business.
20-Year Data Centre Lease with Google Affiliate
QASB had earlier, in February, inked a build-and-lease agreement with Pearl Computing Malaysia Sdn Bhd, an affiliate of Google, to develop and lease data centre facilities in Eco Business Park V, Puncak Alam.
Under this agreement, QASB will construct the shell and core structures for the data centres on a 92.44-acre site, following the lessee’s technical specifications. The facilities are scheduled for completion in 2027, after which they will be leased to Pearl Computing for an initial 20-year term, generating an estimated RM4.8 billion in total rental income. The contract also includes a 10-year renewal option.
EcoWorld had also announced the sale of 58.19 acres of industrial land within the same business park to Pearl Computing for RM266.1 million.
Discussions with Prospective Investors Ongoing
EcoWorld reiterated that it is still in talks with potential institutional investors interested in participating in the data centre development via stakes in QASB. The group expects to retain up to 80% ownership even after new investors come onboard.
EcoWorld’s shares closed unchanged at RM2.08 on Thursday, valuing the company at RM6.66 billion. The stock has slipped nearly 3% year-to-date.
