{"id":42259,"date":"2026-01-22T09:19:54","date_gmt":"2026-01-22T01:19:54","guid":{"rendered":"https:\/\/investpenang.gov.my\/press-release-ybs-international-berhad-announces-strategic-acquisition-of-allied-group-of-companies-supported-by-exim-bank-as-funding-partner\/"},"modified":"2026-01-31T23:04:41","modified_gmt":"2026-01-31T15:04:41","slug":"press-release-ybs-international-berhad-announces-strategic-acquisition-of-allied-group-of-companies-supported-by-exim-bank-as-funding-partner","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/press-release-ybs-international-berhad-announces-strategic-acquisition-of-allied-group-of-companies-supported-by-exim-bank-as-funding-partner\/","title":{"rendered":"[Press Release] YBS International Berhad Announces Strategic Acquisition of Allied Group of Companies, Supported by EXIM Bank as Funding Partner"},"content":{"rendered":"

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[Press Release] YBS International Berhad Announces Strategic Acquisition of Allied Group of Companies, Supported by EXIM Bank as Funding Partner<\/h1>\n

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22 January 2026<\/p>\n

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Click\u00a0here<\/a>\u00a0to view more photos<\/em><\/p>\n

Acquisition to Drive Revenue from RM100M to RM600M and Triple <\/em>Workforce, Marking YBS\u2019s Transition to a Large-Scale Global Enterprise<\/em><\/p>\n

GEORGETOWN, Penang \u2014 January 22, 2026 <\/strong>\u2014 YBS International Berhad today finalised a strategic investment signing ceremony for the acquisition of Allied, funded in partnership with EXIM Bank. This landmark acquisition is set to triple the company\u2019s workforce from 1,000 to 3,000 employees and marks YBS International Berhad\u2019s official transition from a Small and Medium Enterprise (SME) into a large-scale global enterprise.<\/p>\n

The acquisition serves as the cornerstone for a massive regional expansion. YBS International Berhad will significantly increase its manufacturing footprint with expanded facilities in Johor Bahru and Melaka, alongside new international operations in Vietnam and Bangkok. This move secures diversified revenue streams and a broader customer base, positioning the company to compete on a global stage.<\/p>\n

Yang Amat Berhormat Tuan Chow Kon Yeow, Chief Minister of Penang, stated, \u201cYBS\u2019s expansion beyond Penang underscores the scalability and global competitiveness of Penang-based companies. This milestone reflects the strength of Penang\u2019s manufacturing ecosystem in enabling homegrown firms to scale regionally and compete globally, reinforcing investor confidence in Penang as a launchpad for internationally competitive enterprises.\u201d<\/p>\n

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said, \u201cYBS International Berhad\u2019s strategic acquisition of the Allied Group marks a pivotal milestone in the company\u2019s journey from a Penang-based SME to a large-scale global enterprise. By expanding high-value manufacturing operations across Johor Bahru and Melaka while establishing a wider regional footprint in Vietnam and Thailand, this investment strengthens Malaysia\u2019s industrial ecosystem and creates skilled employment for Malaysians, aligned with the New Industrial Master Plan 2030. This development also reflects strong confidence in Penang\u2019s role as a key industrial hub, as well as in Malaysia\u2019s talent, infrastructure and business-friendly environment. It also reinforces MIDA\u2019s commitment to championing Malaysian- owned companies as they scale globally and compete in high-value international markets.\u201d<\/p>\n

“This acquisition is a defining moment on our road to the billion-ringgit mark. While we project our revenue to scale from RM100 million to RM600 million, we remain focused on disciplined execution” said Mr. Yong Chan Cheah, Group Managing Director and CEO of YBS International Berhad. “We recognise that it will take two to three years to fully integrate this investment, as we work to transform our current RM100 million foundation into RM400 million of sustainable, high-value capacity.\u201d<\/p>\n

Central to this achievement is the partnership with EXIM Bank, whose role as an integral funding partner has been vital in making this project possible. Their support reflects the confidence of the financial sector in Penang\u2019s industrial players and highlights the importance of strategic collaboration between industry and banking in driving sustainable, high-impact growth for the Malaysian economy.<\/p>\n

The strategic acquisition was supported by EXIM Bank Malaysia through a USD-Islamic Financing. The financing agreements were signed with Faizah Mustapa, Chief Business Officer (CBO) signing on behalf of EXIM Bank Malaysia, and Yong Chan Cheah, Group Managing Director and Chief Executive Officer, signing on behalf of YBS International Berhad witness by Chief Minister of Penang, YAB Chow Kon Yeow.<\/p>\n

A Commitment to Sustainable Growth Addressing the investor community, YBS International Berhad emphasized that this acquisition is designed for long-term value creation. The company is committed to a disciplined integration process, ensuring the expansion remains sustainable, inclusive, and aligned with its core values of integrity, innovation, and resilience.<\/p>\n

Acknowledgements and Gratitude The transition to a large-scale enterprise is a culmination of nearly two decades of support. YBS International extends its deepest gratitude to:<\/p>\n