Ngan Choy (second from left) and Sanden (centre) pose with the signed MoU while flanked by Chun Teng (left) and representatives from Intrinsic EO.

PETALING JAYA: NCT Group and financial consultancy firm Intrinsic EO, part of Intrinsic Venture Capital based in Canada, have signed a memorandum of understanding (MoU) to offer integrated solutions in venture funding, digitalisation, industrial transformation and resource localisation at the NCT Smart Industrial Park (NSIP).

The partnership will leverage Intrinsic Venture Capital’s RM615mil fund to empower high-growth start-ups and advanced industries at the NSIP. The fund targets strategic sectors including semiconductors, medical technology, electronics, green technology and digital infrastructure, positioning NSIP as Southeast Asia’s leading hub for smart industrial transformation.

NSIP offers flexible industrial property models, including Built-to-Suit (BTS) and lease-to-buy schemes, supported by a capital consortium comprising venture capital (VC), private equity (PE), bank co-investments and talent bank resources.

“This strategic partnership with Intrinsic EO opens exciting possibilities for NSIP and Malaysia’s industrial landscape,” said NCT Group founder and group managing director Datuk Seri Yap Ngan Choy. “By tapping into global expertise and digital capabilities, we are not only strengthening NSIP’s value proposition as an investment-attractive industrial hub but also reinforcing our commitment to sustainable and innovation-led development.”

“This partnership allows us to bring our international experience in market expansion, cross-border investment and digital transformation to a strategic location in Southeast Asia. Together with NCT Group, we aim to build a smart, connected industrial environment that supports companies entering and scaling within the region, while contributing to Malaysia’s role as a regional hub for innovation and sustainable industry,” said Intrinsic EO chairman Andrew Sanden. 

Located in the heart of the Integrated Development Region in South Selangor (IDRISS), NSIP is Malaysia’s first Managed Industrial Park (MIP) with its focus on advanced technologies and sustainable practices. 

Also present was NCT Group group project director Yap Chun Theng. 

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