Oriental Holdings completes RM91m Bayview Hotel Langkawi acquisition

Oriental Holdings Bhd has completed its RM91 million cash acquisition of Bayview Hotel Langkawi via wholly-owned subsidiary Northam Langkawi Sdn Bhd. The deal, which covers the 282-room hotel in Kedah, is part of a larger RM411 million related-party package announced in November 2025.

PETALING JAYA (Oct 27): Oriental Holdings Bhd has completed its RM91 million cash acquisition of Bayview Hotel Langkawi through wholly-owned subsidiary Northam Langkawi Sdn Bhd. In a Bursa filing on Monday (Oct 26), the diversified group said it had paid the purchase consideration in full, completing the acquisition that day.

The purchase from Boon Siew Development Sdn Bhd covers the 282-room hotel in Kedah and its supporting amenities and facilities. The group described the hotel as a four-star property in its original announcement in November 2025.

The transaction forms part of a RM411 million related-party acquisition package announced on Nov 7, 2025. The other components comprise the proposed acquisition of the entire equity interest in Northam Georgetown Sdn Bhd for RM167 million and the purchase of Bayview Hotel Georgetown and Wisma Boon Siew for RM153 million.

Northam Georgetown owns Bayview Beach Resort Penang in Batu Ferringhi. Its proposed takeover comprises a RM153.1 million share subscription for a 96.84% stake, followed by the purchase of the remaining 3.16% interest for RM13.9 million.

In a separate filing on Oct 16, Oriental Holdings said it had completed the Northam Georgetown share subscription after paying the subscription price.