OSK Buys Wilayah Credit to Enter Motorcycle Financing

OSK Holdings acquires Wilayah Credit for RM16.5 million to expand into motorcycle financing, with deal completion expected in Q3 2025.

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OSK Holdings Bhd is making a strategic move into the motorcycle financing space with the acquisition of Wilayah Credit Sdn Bhd for RM16.5 million in cash. The deal, announced in a bourse filing on Monday, marks a key step in OSK’s ongoing efforts to diversify its consumer financing portfolio.

Wilayah Credit is currently a wholly-owned subsidiary of Platinum Moment Sdn Bhd. The acquisition signals OSK’s intent to tap into Malaysia’s growing two-wheeler financing market. This potentially opens up new revenue streams beyond its existing financial services footprint.

As part of the agreement, OSK will also divest three real estate properties in Kuala Lumpur back to Platinum Moment for RM12.6 million. This adjustment helps streamline the acquisition, ensuring OSK retains only the core financing operations of Wilayah Credit post-completion.

The transaction is expected to conclude in the third quarter of 2025, subject to customary conditions and regulatory approvals.

On the market front, OSK Holdings’ share price ended Monday at RM1.23, down one sen or 0.81%, bringing its market capitalisation to RM3.87 billion. Despite a significant dip in April, the stock has recovered steadily, gaining over 5% year to date.

With this acquisition, OSK is positioning itself to capture a share of the expanding demand for two-wheeler mobility financing. Thus, it aligns its growth strategy with evolving consumer trends in Malaysia’s transportation sector.