Meta Bright wins RM15.5m ready-Mixed concrete supply contract from Fortune Global 500 giant CCCC
MAIN Market-listed diversified energy conglomerate, Meta Bright Group Bhd (formerly Eastland Equity Bhd) via its Sabah-based 70%-owned subsidiary Expogaya Sdn Bhd has secured a materials supply contract valued in excess of RM15.51 mil.
The contract was awarded by China Communications Construction Company (M) Sdn Bhd, a wholly owned subsidiary of China Communications Construction Co Ltd (CCCC).
A Fortune Global 500-listed infrastructure group, CCCC is recognised as the world’s largest port design and construction company.
Under the agreement, Jesselton Concrete Sdn Bhd which is Expogaya’s wholly owned unit will act as the priority supplier of various grades of ready-mixed concrete for the ESTEEL Ore Terminal Project in Sabah.
The supplier will manage delivered duty paid (DDP) logistics, bearing all freight and transportation risks directly to the project site. To accommodate the intensive construction timeline, Meta Bright will provide night and 24-hour delivery services upon request.
The contract carries favourable commercial terms for the group. However, the customer, namely CCCC, is required to make 100% upfront payment for each order, hence materially reducing the group’s credit risk exposure.
“Winning a supply mandate from a contractor of CCCC’s calibre is a meaningful validation of our operational capabilities in Sabah,” enthused Meta Bight’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“This is a customer that demands absolute reliability – priority allocation, round-the-clock delivery and zero tolerance for supply disruption.”
On this note, Phang revealed that the selection of Jesselton Concrete as the designated priority supplier it itself a reflection of “the depth of our batching plant network and our ability to execute under demanding timelines.”
“More broadly, this contract adds to our order visibility across Sabah’s expanding industrial and infrastructure sectors,” he stressed. “We remain focused on disciplined execution and converting East Malaysia’s infrastructure demand into sustainable, recurring earnings for our shareholders.”
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Listed on both the Hong Kong and Shanghai stock exchanges, CCCC is ranked 78th on the Fortune Global 500 (2020) and features among the top three firms in Engineering News-Record’s Top 250 International Contractors.
Its Malaysian arm, CCCCM undertakes investment, construction and operation of transportation infrastructure and large-scale development projects across the country by leveraging the full resources and scale of the CCCC group.
At 3.15pm, Meta Bright was down 0.5 sen or 3.85% to 12.5 sen with 1.14 million shares traded, thus valuing the company at RM339 mil. – March 4, 2026