AIZO Group Berhad (“AIZO” or the “Company”), formerly known as Minetech Resources Berhad, is pleased to announce its strategic re-entry into the property development sector through a joint venture (“JV”) with Lestari Astana Sdn Bhd (“LASB”).
The partnership is structured via a newly established Special Purpose Vehicle (“SPV”), AIZO Astana Sdn Bhd (“AIZO Astana”) in which AIZO holds a 51% controlling stake.
This strategic structure enables AIZO to oversee the full value chain of development, from consultation and planning to marketing and sales focusing on higher-margin, fast-moving projects that cater to emerging demand in targeted market segments.
En. Ahmad Rahizal Bin Dato’ Ahmad Rasidi, Executive Director of AIZO, said:
“Our collaboration with LASB marks more than just a return to property. It represents a deliberate move toward higher-value, market-responsive development. With this JV, we are positioned to deliver projects that are not only profitable but also aligned with current buyer demand and sales velocity.”
LASB is currently developing its signature units in Phase 1A of Taman Kelemak, Melaka, which will serve as the launchpad for AIZO Astana’s subsequent Phase 1B development.
Bringing deep local expertise and culturally inspired design insights, LASB strengthens this strategic partnership with its profound understanding of the region.
As at 4 August 2025, AIZO Group Berhad’s share price stood at approximately RM 0.075, with a market capitalisation of MYR 147.3 million.
For more information, visit https://aizo.com.my/
