Perduren (M) Berhad ("Perduren" or "the Company") is a public company listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities").
The Company was incorporated in Malaysia under the Companies Act, 1965 on 23 March 1992 under the name of Orlando Holdings Berhad and was first listed on the Second Board of Bursa Securities (then known as Kuala Lumpur Stock Exchange) on 28 December 1992. Subsequently, on 20 March 2000, the Company changed its name to Formis (Malaysia) Berhad ("FMB") before being transferred to the Main Board of Bursa Malaysia Securities Berhad on 30 March 2000. On 19 September 2006, the Company assumed its present name.
Perduren (then known as FMB) was previously involved in the IT and garment retailing industry. With the disposal of its IT and garment businesses in 2006, Perduren is now principally a property investment holding company with two principal investment properties located in Johor Bahru and a smaller property in Kuala Lumpur, part of which is used as the Group's corporate office and the balance rented out.
The Group (Perduren and its subsidiaries) wholly owns the Plaza Sentosa commercial complex in Johor Bahru. Plaza Sentosa, erected on a piece of freehold land measuring approximately 336,000 sq. ft., consists of 8 blocks of 5-storey buildings and 1 block of 6-storey buildings with total lettable area of approximately 730,456 sq. ft. and a multi-storey car park with 7 levels of parking and approximately 56,407 sq. ft. of commercial space.
The Group also operates the 260-room Grand Sentosa Hotel located at ground floor, 2nd, 3rd and 4th floors (Blocks A, B and F), and forming part of Plaza Sentosa, which commenced operations in early October 2011.
The Group also owns a majority of the units in Holiday Plaza, another well established commercial and office building in Johor Bahru, comprising of approximately 193,500 sq. ft. of lettable area in the retail podium, the entire office tower comprising of approximately 97,000 sq. ft. of lettable area and the basement car park comprising of 613 parking bays.