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“Exsim Hospitality seeks shareholder approval to expand into construction contracting and centralised procurement businesses, according to Bursa Malaysia filing.”
Kuala Lumpur, 27th March 2026, 01.55pm – Exsim Hospitality Berhad is seeking shareholder approval to diversify its business operations to include construction services and centralised procurement activities, according to a circular filed with Bursa Malaysia on Thursday.
The proposed diversification forms part of the group’s strategy to expand beyond its existing core operations and broaden its operational capabilities within the construction and property supply chain ecosystem.
Two new business segments proposed
Under the proposal, Exsim Hospitality plans to introduce two new business segments comprising general contracting and centralised procurement.
The general contracting segment will cover construction works and related activities, while the centralised procurement business will focus on the sourcing and supply of building materials as well as household appliances.
The company said both initiatives will collectively be referred to as the proposed diversification exercises.
Expansion beyond existing core business
The move signals Exsim Hospitality’s intention to expand its operational scope by incorporating construction execution capabilities and supply chain management functions into its existing business model.
In the same filing, the group also proposed to obtain a new shareholders’ mandate to undertake recurrent related party transactions (RRPT) of a revenue or trading nature, subject to shareholder approval.
Such mandates are commonly sought by listed companies to facilitate ongoing operational transactions within a group’s corporate structure, particularly where business integration involves related companies.
Approval to be sought at general meeting
The proposed diversification and the RRPT mandate will be tabled for approval at an upcoming general meeting.
According to the circular, the company outlined the scope of the proposed new business activities as well as the rationale for seeking approval for the recurrent transactions.
Strengthening operational integration
Exsim Hospitality said the proposed general contracting business would allow the group to directly undertake construction-related works, while the procurement arm would support the sourcing and supply of construction materials and selected consumer appliances.
The filing did not disclose financial forecasts or expected earnings contributions from the proposed new business segments.
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