Stella Holdings Berhad (formerly known as Merge Energy Bhd) (“Stella”) is a strategic investment holding company listed on the Main Market of Bursa Malaysia Securities Berhad on 17 November 1998.
The Group was established as a construction group 38 years ago via Mewah Kota Sdn Bhd, which was involved in small and medium sized contracts for building of schools, houses, water treatment plants, pipe laying, security fencing and piling works. From then on, the Group gradually progressed to establish itself as a reliable contractor capable of undertaking bigger and more complex engineering and infrastructure projects nationwide. It has achieved good records in terms of quality and timely completion of works undertaken, all of which attributed to its recognition as a reputable contractor and project manager.
Stella’s core activities and expertise are in the construction, project management, trading and maintenance works in the following areas :
- Water treatment plants
- Sewage and sludge treatment plants and facilities
- Pipe laying and reservoirs construction
- Refurbishment and maintenance works
- Earthworks, roads and drainage.
Over the years, Stella expanded its business by acquiring several companies to develop new potential market.
In 2013, Stella acquired Iris Synergy Sdn Bhd, a company providing support to the oil and gas industries. Its core business is to provide solution to all industrial water needs in the said industries including for petrochemical plant and rigs.
Stella obtained the shareholders’ approval during the 2019 Extraordinary General Meeting to expand its business into property development activities which will complement its existing businesses of construction. The Board believe that the property development activities will expand the revenue and earnings stream of the Group.