DailySpaceMaxim Global Berhad
4022 · Main Market主板（Main Market） · annual reports 2023 to 2025, 2425 entries read2023 至 2025 年报，共读出 2425 条
The company这家公司
Maxim Global Berhad is a property developer in Malaysia. All of its revenue in 2023 and 2025 came from the Property Development & Construction business segment. The group decided to discontinue its Timber & Oil Palm Plantation business segment.Maxim Global Berhad 是一家马来西亚的房地产开发商。其在 2023 年和 2025 年的全部营业额均来自房地产开发与建筑业务部门。该集团决定停止其伐木与油棕种植业务部门。
Source: annual report 2023, pages 20, 195; annual report 2024, pages 32, 218; annual report 2025, pages 30, 234.出处：2023 年年报第 20、195 页；2024 年年报第 32、218 页；2025 年年报第 30、234 页。
In 2025, revenue came from four ongoing projects and one completed project. Residensi Max was completed and delivered vacant possession in September 2025. In each of the three years, no single customer accounted for 10% or more of group revenue.2025 年，营业额来自四个在建项目和一个已竣工项目。Residensi Max 于 2025 年 9 月竣工并移交空置占有权。在过去三年中，没有单一客户占集团营业额的 10% 或以上。
Source: annual report 2023, page 195; annual report 2024, page 218; annual report 2025, pages 30, 234.出处：2023 年年报第 195 页；2024 年年报第 218 页；2025 年年报第 30、234 页。
The group is led by the Gan family. Tan Sri Datuk Seri Gan Seong Liam is Managing Director, and his sons Gan Kuok Chyuan and Gan Kuok Wei are Deputy Managing Director and Executive Director. In the thirty largest shareholders list in the 2025 report, RHB Capital Nominees (Tempatan) Sdn Bhd held 160,162,500 shares (21.79%) for Gan Seong Liam, Gan Kuok Wei held 77,937,376 shares (10.60%), RHB Capital Nominees (Tempatan) Sdn Bhd held 65,355,058 shares (8.89%) for Gan Kuok Chyuan, and Gan Kuok Chyuan held 10,078,300 shares (1.37%).集团由 Gan 家族领导。Tan Sri Datuk Seri Gan Seong Liam 担任董事经理，其子 Gan Kuok Chyuan 和 Gan Kuok Wei 分别担任副董事经理和执行董事。在 2025 年报的前三十大股东名册中，RHB Capital Nominees (Tempatan) Sdn Bhd 为 Gan Seong Liam 持有 160,162,500 股（21.79%），Gan Kuok Wei 持有 77,937,376 股（10.60%），RHB Capital Nominees (Tempatan) Sdn Bhd 为 Gan Kuok Chyuan 持有 65,355,058 股（8.89%），Gan Kuok Chyuan 直接持有 10,078,300 股（1.37%）。
Source: annual report 2024, pages 8, 9, 11; annual report 2025, page 253.出处：2024 年年报第 8、9、11 页；2025 年年报第 253 页。
Executive Director Chai Chang Guan and her brother Chai Seong Min are also major shareholders. In the 2025 report, RHB Capital Nominees (Tempatan) Sdn Bhd held 35,937,634 shares (4.89%) for Chai Chang Guan, an Alliancegroup Nominees pledged account held 5,600,000 shares (0.76%) for Chai Chang Guan, and an RHB Nominees pledged account held 7,300,000 shares (0.99%) for Chai Seong Min.执行董事 Chai Chang Guan 与其胞兄 Chai Seong Min 亦为主要股东。在 2025 年报中，RHB Capital Nominees (Tempatan) Sdn Bhd 为 Chai Chang Guan 持有 35,937,634 股（4.89%），Alliancegroup Nominees 的抵押账户为 Chai Chang Guan 持有 5,600,000 股（0.76%），RHB Nominees 的抵押账户为 Chai Seong Min 持有 7,300,000 股（0.99%）。
Source: annual report 2023, page 10; annual report 2025, pages 10, 253, 254.出处：2023 年年报第 10 页；2025 年年报第 10、253、254 页。
Datuk Seri Anuar bin Adam passed away in August 2024. During the 2024 financial year, Gan Kuok Wei was appointed Executive Director, and Datuk Noel John A/L M Subramaniam and Azizah binti Ujang were appointed Independent Non-Executive Directors. In March 2026, Derek John Fernandez was redesignated as Non-Independent Non-Executive Director after twelve years of tenure.Datuk Seri Anuar bin Adam 于 2024 年 8 月去世。2024 财政年度内，Gan Kuok Wei 获委任为执行董事，Datuk Noel John A/L M Subramaniam 和 Azizah binti Ujang 获委任为独立非执行董事。2026 年 3 月，Derek John Fernandez 在任职十二年后被调任为非独立非执行董事。
Source: annual report 2024, pages 27, 105; annual report 2025, pages 27, 124.出处：2024 年年报第 27、105 页；2025 年年报第 27、124 页。
Major events大事记
Source: annual report 2023, page 22.出处：2023 年年报第 22 页。
Source: annual report 2023, page 27.出处：2023 年年报第 27 页。
Source: annual report 2024, pages 24, 25.出处：2024 年年报第 24、25 页。
Source: annual report 2024, pages 30, 34.出处：2024 年年报第 30、34 页。
Source: annual report 2025, pages 30, 33.出处：2025 年年报第 30、33 页。
Source: annual report 2025, pages 33, 39.出处：2025 年年报第 33、39 页。
Source: annual report 2025, pages 45, 47.出处：2025 年年报第 45、47 页。
Revenue, profit before tax and operating cash营业额、税前盈利与营运现金
Total assets, liabilities and equity总资产、总负债与总权益
Cash, short-term investments and bank balances现金、短期投资与银行结余
20232023 年
In 2023, the group completed the acquisition of Maxim Holdings Group on 11 August 2023, making an initial cash payment of RM131.7 million and issuing 217,391,304 ordinary shares, while acquiring RM43,372,000 in cash and cash equivalents. Drawdowns of bank borrowings were RM30,198,000 and repayments were RM43,802,000. An interim dividend of RM14,701,247 was paid in December 2023, and contingent consideration paid was RM5,000,000. On 7 September 2023, the company completed a share consolidation of every two shares into one share.2023 年，集团于 2023 年 8 月 11 日完成收购 Maxim Holdings 集团，支付初始现金款项 RM131.7 million 并发行 217,391,304 股普通股，同时取得现金及现金等价物 RM43,372,000。银行借款提取额为 RM30,198,000，偿还额为 RM43,802,000。2023 年 12 月派付了 RM14,701,247 的中期股息，支付的或有对价为 RM5,000,000。2023 年 9 月 7 日，公司完成了每两股合并为一股的股份合并。
Source: annual report 2023, pages 22, 26, 27, 42, 142.出处：2023 年年报第 22、26、27、42、142 页。
20242024 年
In 2024, the group spent RM37.0 million in cash to acquire two parcels of land in Johor Bahru and Subang Jaya with total purchase consideration of RM262.0 million. Bank borrowings drawdowns were RM274,788,000 while repayments were RM94,916,000. The group repaid RM23.0 million of deferred liabilities to vendors of the Maxim Holdings acquisition, received RM29,840,000 from share issuance to non-controlling interests, and paid RM7,350,328 in dividends.2024 年，集团支付 RM37.0 million 现金收购了分别位于新山和梳邦再也的两幅土地，总收购对价为 RM262.0 million。银行借款提取额为 RM274,788,000，偿还额为 RM94,916,000。集团向 Maxim Holdings 收购案的卖方偿还了 RM23.0 million 的递延负债，自向非控股权益发行股份取得 RM29,840,000，并派付了 RM7,350,328 的股息。
Source: annual report 2024, pages 23, 31, 48, 166.出处：2024 年年报第 23、31、48、166 页。
20252025 年
In 2025, capital expenditures additions were RM31.7 million, including RM29.5 million for a 9-storey office tower on Old Klang Road. The group also agreed to buy freehold lands in Mentakab for RM10.5 million under a sale and purchase agreement dated 21 March 2025, and acquired land in Adda Heights for RM15.5 million. Drawdowns of bank borrowings were RM121,966,000 and repayments were RM86,351,000. The company repaid RM32.1 million towards deferred liabilities from the Maxim Holdings acquisition, received RM15,083,000 from shares issued to non-controlling interests, and declared no dividend.2025 年，资本支出增加 RM31.7 million，其中包括以 RM29.5 million 收购旧巴生路的一座 9 层办公楼。集团还根据 2025 年 3 月 21 日的买卖协议同意以 RM10.5 million 购买文德甲的永久地契土地，并以 RM15.5 million 收购了 Adda Heights 的土地。银行借款提取额为 RM121,966,000，偿还额为 RM86,351,000。公司偿还了源自 Maxim Holdings 收购案的 RM32.1 million 递延负债，从向非控股权益发行股份取得 RM15,083,000，且未宣派股息。
Source: annual report 2025, pages 26, 31, 45, 47, 181.出处：2025 年年报第 26、31、45、47、181 页。
Across the three years三年合看
Across the three years, the group directed cash into land acquisitions and project development. Total landbank expanded from approximately 36.6 acres in 2023 to approximately 44.6 acres in 2024 and approximately 78.0 acres in 2025. Bank borrowings rose from RM142,551,000 at the end of 2023 to RM322,423,000 at the end of 2024 and RM358,038,000 at the end of 2025. Cash and cash equivalents decreased from RM237.8 million at the end of 2023 to RM142.8 million in 2024 and RM99.7 million in 2025.三年合看，集团将资金投向土地收购和项目开发。总土地储备从 2023 年的约 36.6 英亩扩大至 2024 年的约 44.6 英亩，并在 2025 年达到约 78.0 英亩。银行借款由 2023 年底的 RM142,551,000 增至 2024 年底的 RM322,423,000，2025 年底进一步升至 RM358,038,000。现金及现金等价物则由 2023 年底的 RM237.8 million 减少至 2024 年的 RM142.8 million 和 2025 年的 RM99.7 million。
Source: annual report 2023, pages 26, 60, 180; annual report 2024, pages 23, 73, 218; annual report 2025, pages 29, 79, 234.出处：2023 年年报第 26、60、180 页；2024 年年报第 23、73、218 页；2025 年年报第 29、79、234 页。
Still to be spent尚未支出的承诺
At the end of 2025, the group had paid land purchase deposits of RM1,051,000, with remaining contractual cash flows of RM9,457,000. Deferred consideration payable to vendors for the 2023 acquisition of subsidiaries stood at RM13,579,000 in current other payables. Unutilised proceeds of RM46,639,000 brought forward from the 2020 disposal had been fully utilised during 2024, leaving no unused proceeds in 2025.2025 年底，集团已支付购地定金 RM1,051,000，剩余合约现金流为 RM9,457,000。源自 2023 年收购子公司的应付卖方递延对价在流动其他应付款中列为 RM13,579,000。从 2020 年处置事项结转的 RM46,639,000 未动用款项已于 2024 年全额动用，2025 年无剩余未动用款项。
Source: annual report 2024, page 146; annual report 2025, pages 161, 210, 221.出处：2024 年年报第 146 页；2025 年年报第 161、210、221 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 352,620 | 116,902 | 329,907 | 443,783 |
| Profit before tax税前盈利 | 48,050 | 9,486 | 53,822 | 79,566 |
| Net cash from operating activities营运活动所得现金净额 | 64,984 | (6,659) | (292,222) | (46,240) |
| Net cash from investing activities投资活动所得现金净额 | 898 | 43,991 | 4,138 | (30,248) |
| Net cash from financing activities融资活动所得现金净额 | 16,221 | (34,371) | 192,867 | 32,295 |
| Cash and cash equivalents现金与现金等价物 | 234,815 | 237,751 | 142,824 | 99,749 |
| Short-term investments短期投资 | 106,247 | 187,259 | 104,387 | 43,149 |
| Cash and bank balances现金与银行结余 | 28,419 | 50,368 | 38,377 | 45,068 |
| Total assets总资产 | 754,177 | 826,799 | 1,075,356 | 1,202,407 |
| Total liabilities总负债 | 262,511 | 306,057 | 493,065 | 548,448 |
| Total equity总权益 | 491,666 | 520,742 | 582,291 | 653,959 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Launch the development on at least one landbank parcel in the second quarter of 2024于 2024 年第二季度在至少一块土地储备上启动开发 | Residensi The Atas at Taman Desa was launched in May 2024.位于 Taman Desa 的 Residensi The Atas 于 2024 年 5 月推出。 Source: annual report 2023, page 22; annual report 2024, pages 30, 34.出处：2023 年年报第 22 页；2024 年年报第 30、34 页。 | Carried out已执行 |
| Deliver vacant possession of Residensi Max in the fourth quarter or second half of 2025于 2025 年第四季度或下半年移交 Residensi Max 的空置占有权 | Residensi Max was completed and vacant possession was delivered in September 2025.Residensi Max 于 2025 年 9 月竣工并移交空置占有权。 Source: annual report 2023, page 29; annual report 2024, page 33; annual report 2025, pages 30, 33.出处：2023 年年报第 29 页；2024 年年报第 33 页；2025 年年报第 30、33 页。 | Carried out已执行 |
| Launch the development of the Johor Bahru land in the ensuing financial year在接下来的财政年度启动新山土地的开发 | Residensi Maxim Pelangi in Johor Bahru was launched in November 2025.位于新山的 Residensi Maxim Pelangi 于 2025 年 11 月推出。 Source: annual report 2024, page 24; annual report 2025, pages 33, 38.出处：2024 年年报第 24 页；2025 年年报第 33、38 页。 | Carried out已执行 |
| Establish a formal written Dividend Policy in the near term在近期内制定正式的书面股息政策 | The 2025 report still states that the group does not have a formal written dividend policy.2025 年报仍表示集团尚未制定正式的书面股息政策。 Source: annual report 2023, page 42; annual report 2024, page 48; annual report 2025, page 50.出处：2023 年年报第 42 页；2024 年年报第 48 页；2025 年年报第 50 页。 | Not yet established尚未制定 |
| Await decision on the petition for guidance from the Supreme Court of Indonesia to salvage asset rights等待印度尼西亚最高法院的指导请愿决定以挽回资产权益 | The group decided in 2024 not to pursue the matter further and discontinued the business segment.集团于 2024 年决定不再继续追索，并终止该业务部门。 Source: annual report 2023, page 26; annual report 2024, page 30.出处：2023 年年报第 26 页；2024 年年报第 30 页。 | Discontinued已终止 |
What the reports leave open年报留下待看的事
- Residensi Maxim Risen was 86.5% complete at end 2025, and vacant possession is envisaged in the middle of 2026.截至 2025 年底 Residensi Maxim Risen 完成度达 86.5%，预计将于 2026 年中移交空置占有权。
Source: annual report 2025, pages 32, 34.出处：2025 年年报第 32、34 页。
- Residensi Maxim Pelangi has an estimated gross development value of approximately RM1.8 billion, with RM152.3 million in bank borrowings and a 34% take-up rate at end 2025.Residensi Maxim Pelangi 预估总开发价值约为 RM1.8 billion，截至 2025 年底有银行借款 RM152.3 million，认购率为 34%。
Source: annual report 2025, pages 38, 39.出处：2025 年年报第 38、39 页。
- The group has earmarked approximately nine acres of land in the Klang Valley for potential project launches in 2026.集团已预留巴生谷约 9 英亩土地用于 2026 年的潜在新项目推出。
Source: annual report 2025, pages 51, 72.出处：2025 年年报第 51、72 页。
- Derek John Fernandez was redesignated as a non-independent director on 26 March 2026, and Tan Sri Datuk Dr Abdul Samad bin Haji Alias is scheduled to be redesignated on 15 May 2026 after twelve years of tenure.Derek John Fernandez 于 2026 年 3 月 26 日被调任为非独立董事，Tan Sri Datuk Dr Abdul Samad bin Haji Alias 拟于 2026 年 5 月 15 日在任期届满十二年后调任。
Source: annual report 2025, pages 27, 124.出处：2025 年年报第 27、124 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-02.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-11-02。