PRIVASIA To Develop Bagan Datuk Data Centre On Its Own, Mara To Provide Support (The Edge : 12/11/25)

Nov 12, 2025
PRIVASIA To Develop Bagan Datuk Data Centre On Its Own, Mara To Provide Support (The Edge : 12/11/25)

KUALA LUMPUR (Nov 12): Digital and outsourcing solutions provider PRIVASIA Technology Bhd (KL:PRIVA) said on Wednesday that it will independently lead the development of a planned data centre project in Bagan Datuk, Perak.

This marks a change from its earlier intention to undertake the project through a joint venture with Mara Inc, the strategic investment arm of government agency Mara.

In a filing with Bursa Malaysia, PRIVASIA said the project will now be spearheaded by its subsidiary, SILVER STREAMS Technofarm Sdn Bhd. The subsidiary will be responsible for all aspects of the project, including funding, feasibility studies, design, construction, operations and the land lease with Felcra Bhd.

While the initial joint venture has been replaced, Mara Inc will continue to support the project by facilitating "government relations, regulatory approvals, utilities, land matters" and assisting in the onboarding of government-linked clients, said PRIVASIA.

A project steering committee will be formed to oversee governance and coordination, the company said, adding that "a profit distribution of 10% will be made annually". The collaboration is valid for 30 years, with an option to extend upon mutual consent.

In the filing, PRIVASIA also said that it has signed a 30-year land lease agreement with Felcra, relating to the site for the development of the data centre, with the option to renew for another 30 years.

The lease payments comprise a first-year commitment fee of RM150,000, annual rentals of RM303,000 for the second and third years, and annual rentals between RM606,000 and RM1.5 million from the fourth year onwards. The rental will be subjected to a review every five years with a minimum increase of 5%.

Shares of PRIVASIA rose half a sen or 6.67% to eight sen at market close on Wednesday, valuing the company at RM50.66 million. Year to date, the counter has declined more than 33%.


____________________________________

The Edge Malaysia
By Izzul Ikram. 
12 NOV 2025

Strong Governance is the Backbone of PRIVASIA’s ESG Journey (THE EDGE: 20/10/25)
Previous Article Strong Governance is the Backbone of PRIVASIA’s ESG Journey (THE EDGE: 20/10/25)
Oct 22, 20250 commentsPRIVASIA Technology Bhd

PRIVASIA's Business Highlights

PRIVASIA-Technology-Annual-Report-2024-Malaysia-PRIVA-Financials

Annual Reports

PRIVASIA’s Annual Reports comprise key financial and non-financial information for the year ended 31 December, in accordance with applicable regulatory and reporting standards.

The reports present the Group’s financial results, governance practices, and sustainability initiatives, enabling stakeholders to assess performance, risk management, and value creation.

VIEW REPORTS
PRIVASIA-Technology-Financial-Reports

Financial Reports

Access PRIVASIA Technology Berhad’s latest Financial Results together with prior quarterly and annual financial disclosures.

These reports are published in accordance with Bursa Malaysia’s disclosure requirements and provide shareholders and investors with transparent insights into the Group’s financial performance and position.



VIEW REPORTS
Our Leadership

Our Leadership

The Board of Directors is entrusted with the stewardship of PRIVASIA’s corporate governance framework and bears overall responsibility for the Group’s strategic direction, risk management, and financial performance.

Guided by strong principles of accountability, transparency, and integrity, the Board provides effective oversight to ensure sustainable growth and long-term value creation for shareholders and stakeholders.

VIEW MORE
Sustainability

Sustainability

PRIVASIA continues to publish a dedicated sustainability report outlining how the Group creates long-term, sustainable value for its stakeholders.

This reflects our response to the growing expectations for companies to operate responsibly and contribute positively to social, ethical, and environmental outcomes, while integrating sustainability into our business strategy and decision-making.

VIEW PROGRESS