BLACK GROUP ANNOUNCES SGD$100M STRATEGIC INVESTMENT IN MALAYSIA TO ESTABLISH GROUNDBREAKING MEDICAL AND HOSPITALITY FACILITY FOCUSED ON ANTI-AGING, REJUVENATION AND CELL THERAPY

[from left] Tan Zi Jing (Chief Executive Officer of Black Group Investment Holding), Dato’ Sri Alan Lee (Chief Investment Officer of Black Group Investment Holding), Datin Sri Cynthia Wang (Chief Executive Officer of Black Diamond), Victor Tan (Shareholder, Black Group)

KUALA LUMPUR, Malaysia, Feb 28 (Bernama) -- Black Group Investment Holding (Black Group), a Singapore-based investment firm, has announced an SGD$100 million investment to acquire and develop a state-of-the-art medical and hospitality facility (known as Meditel) in the heart of Malaysia's vibrant Golden Triangle region in central Kuala Lumpur. This pioneering facility will be dedicated to anti-aging, rejuvenation and advanced cell therapy treatments, featuring a specialised cell banking lab and the latest in regenerative medicine technologies.

The facility will utilise Black Group’s existing IPs in cutting-edge biotech sciences with luxurious hospitality offerings, establishing it as a premier destination for individuals seeking innovative treatments to enhance vitality and longevity. This investment reflects Black Group’s strategic vision to develop a unique asset in the rapidly growing wellness market, particularly within the Southeast Asia region.

“We are excited to acquire and develop this transformative facility in the iconic Golden Triangle of Kuala Lumpur, an area known for its prime location, infrastructure, and status as a commercial and cultural hub,” said Dato Sri Alan Lee, Chief Investment Officer of Black Group. “By integrating advanced anti-aging therapies, regenerative medicine, and cell therapy with world-class hospitality, we aim to create an unparalleled wellness destination that will attract international clients and contribute to Malaysia's growing prominence in the global medical tourism industry.”

The new facility will offer a state-of-the-art Cell Therapy and Cell Banking Lab for storing and preserving stem cells, providing stem cell-based treatments and regenerative therapies for anti-aging and rejuvenation. It will feature a range of world-class treatments, including skin rejuvenation, and other regenerative medicine solutions tailored to combat aging. The facility will also provide luxury hospitality and wellness services, such as spa treatments, fitness programs, nutritious dining, and holistic therapies. Additionally, it will incorporate the latest medical technologies and equipment to deliver personalized care at the highest standard, with a holistic focus on mental, emotional, and physical well-being for a balanced approach to rejuvenation.

The acquisition of the facility in the Golden Triangle region places the project in one of Kuala Lumpur’s most prestigious and easily accessible areas. The strategic location will not only attract affluent local and international clients but also offer a central hub for medical tourism in Malaysia, benefiting from Kuala Lumpur’s world-class infrastructure and growing reputation as a wellness and healthcare destination.

“Our investment in this prime location within the Golden Triangle will ensure the facility’s prominence in the market,” added Dato Sri Alan Lee. “This project aligns with our vision of investing in forward-thinking solutions while contributing to Malaysia’s economic development and international standing in the wellness sector.”

Last month, Black Group announced the acquisition of Black Diamond Asset Management Sdn Bhd, a Malaysian company with deep understanding of the local property market. This acquisition will propel Black Group in its expansion plans into Malaysia, with a dual focus on acquiring real estate assets and advancing its presence in the growing biotech sector.

Black Group is open to partnerships with local stakeholders and businesses in Malaysia who are keen to collaborate and help develop this exciting project further. The company invites potential partners in the region to explore opportunities for joint ventures, investment collaborations, and other strategic partnerships to maximize the success and impact of this facility.

For more information on the project or inquiries related to investment opportunities and potential partnerships, please visit www.blackgroupinvestment.com or contact zijing@blackgroupinvestment.com.

About Black Group Investment Holding
Black Group Investment Holding is an investment firm with a portfolio focusing on real estate, healthcare, wellness and sustainable ventures. The firm's mission is to build sustainable, high-quality assets that contribute to the well-being of communities and enhance investor value. With a strategic focus on high-growth sectors, Black Group seeks to create value through innovative, forward-thinking investments that align with emerging global trends. Leveraging a deep market understanding, strong deal-sourcing capabilities, and biotechnology expertise, the firm identifies and capitalises on opportunities that offer long-term growth.

For more information, please visit https://www.blackgroupinvestment.com/

SOURCE: Flame Communications

FOR MORE INFORMATION, PLEASE CONTACT:
Flame Communications
Name: Florence Fang
Tel: (65) 92769231
Email: Florence.fang@flamecomms.com

--BERNAMA