Ideal Capital Berhad

(“IDEAL” or the “Company”) was incorporated in 2017 to undergo an internal reorganisation exercise (“Internal Reorganisation”), which transferred the listing of Ideal United Bintang Berhad (“IDEALUBB”) as well as its subsidiaries to IDEAL. The Internal Reorganisation was completed in January 2018.

The history of IDEAL began with the incorporation of IDEALUBB in 1979 and subsequently listed on main board of Bursa Malaysia Securities Berhad (“Bursa Securities”) under the name of United Bintang Berhad. The company started its business by principally engaging in trading of heavy machinery and equipment, and spare parts in Malaysia, Indonesia, Australia, Thailand, Japan, and the United States. In May 2014, the company changed its name to Ideal United Bintang Berhad and thereafter, diversified the business into property development.