KUALA LUMPUR (Nov 12): Property developer and construction service provider Rivertree STF Synergies Bhd (KL:RSSB) has entered into a heads of agreement (HOA) to acquire up to 100% equity interest in centralised labour quarters (CLQ) operator Q Centre Management Sdn Bhd (QCMSB), according to a press statement on Wednesday.

In tandem with the proposed acquisition, the Main Market-listed group — formerly known as Sinmah Capital Bhd — has proposed to diversify its principal activities to include the management and operation of CLQs.

Under the terms of the HOA, the parties will exclusively negotiate and finalise definitive agreements within six months. The purchase consideration will be determined following an independent valuation and due diligence review of QCMSB and its subsidiaries.

Incorporated in 2022, QCMSB provides CLQ accommodation, management services and property letting through its wholly owned unit STF Saujana Sdn Bhd and 70%-owned unit Q Centre Management (Westport) Sdn Bhd. Its operations encompass technology-driven facilities maintenance, tenant management, compliance monitoring, security, housekeeping and transportation coordination.

Operating under the 'Q Centre' brand, QCMSB currently manages more than 3,000 beds across five Klang Valley locations: Q Centre @ Port Klang Free Zone, Q Centre @ Sungai Kapar Indah I, Q Centre @ Sungai Kapar Indah III, Q Centre @ Klang Sentral, and Q Centre @ Telok Gong.

Under a separate HOA signed on March 3, 2026, with Catenary Capital Sdn Bhd and RSSB Builders Sdn Bhd, the parties intend to develop up to four CLQs in the Klang Valley with a combined capacity of 28,800 beds, with QCMSB acting as operator. Construction of the first facility, the 9,000-bed Q Centre @ Teratai in Meru, Klang, is currently being undertaken by RSSB Builders.

RSSB chairman Datuk Seri Rahadian Mahmud Mohammad Khalil noted that bringing QCMSB into the group provides an existing platform to accelerate expansion into CLQ management, backed by growing demand for compliant worker accommodation. According to Ministry of Home Affairs data, Malaysia recorded over 2.4 million documented foreign workers as at September 2024, whereas Labour Department Certificates of Accommodation covered just over 355,000 workers as at January 2026. Stricter enforcement of the Employees' Minimum Standards of Housing, Accommodations and Amenities Act 1990 (Act 446) is further driving demand for compliant housing.

RSSB executive director Datuk Simon David Leong stated that CLQ management serves as a natural extension to the group's construction and property development divisions, offering a single point of contact from design to long-term operations while generating recurring income.