Stella Holdings Berhad (formerly known as Merge Energy Bhd) (“Stella” or “the Company”) is an investment holding company listed on the Main Market of Bursa Malaysia Securities Berhad on 17 November 1998. The Company assumed the new name as Stella Holdings Berhad on 22 October 2019.
The principal activities of Stella Group can be segregated into 3 segments mainly, construction, property development and oil & gas support services.
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.
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 water related systems in the said industries including petrochemical plant and rigs.
In October 2019, Stella obtained its shareholders’ approval during an 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.