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Matang Holdings Berhad ('MHB' or the Company) was incorporated on 3 April 1978 as a public limited investment holding company with its principal objective of fostering inter-communal economic cooperation in conjunction with the economic policy of the country.

The initial authorized share capital was RM50,000,000 divided into 100,000,000 ordinary shares of RM0.50 each. On 21 July 1981 the authorized share capital was increased to RM100,000,000 divided into 200,000,000 ordinary shares of RM0.50 each to accommodate a new issue of 120,000,000 ordinary shares of RM0.50 each. The issued and paid up capital of the Company was increased from RM2 to RM 60,000,002 after the allotment of 120,000,000 shares of RM0.50 each to members of the MCA Johor State under the Prospectus issued on 2 November 1981.

At that point in time, the purpose of the capital raising exercise was to consolidate the individual investors into a solid base thereby enabling a substantive participation in the expected expansion and diversification of the economy during the Fourth Malaysian Plan period.

The first business venture of the Company was the selling of the entire extractable timber concession obtained from the Johor State Government at Hutan Simpan Maokil, Labis.

Subsequently in 1984, the Company acquired Nagapal Estate, now known as Ladang Matang at Jementah, Tangkak. Several other investment properties were also acquired, such as the industrial properties in Larkin, Johor Bahru and the vacant commercial land in Tangkak to add into Matang's investment stable.