Autagco Ltd. has announced a significant expansion into the eldercare and wellness sector with the acquisition of Yess Ventures Enterprise for S$12.5m. This acquisition secures a site in Gelang Patah, Johor, zoned for a private nursing centre, marking the company’s shift towards owning and developing eldercare assets in the region. The move is part of Autagco’s broader strategy to diversify into property development, pending shareholder approval.
The acquisition of Edge Green Energy is another strategic step for Autagco, allowing the company to bring mechanical and electrical engineering works in-house. This integration is expected to generate revenue even before the nursing centre’s construction is completed. Executive Chairman and CEO of Autagco, Stanley Li, stated, “This acquisition gives Autagco its first development site and, with it, the shape of the company we are building.”
Autagco’s strategy involves developing and owning eldercare and wellness facilities, supported by three interconnected businesses: residential care and wellness, mechanical and electrical services, and property holding. The focus on Johor, within the Johor–Singapore Special Economic Zone, positions the company to leverage its proximity to Singapore.
The acquisition of Edge Green Energy is expected to enhance Autagco’s capabilities, enabling it to undertake larger projects in the future. As the company builds its presence in Malaysia, it will consider further opportunities across ASEAN, aiming to establish a comprehensive eldercare and wellness business.
