First and foremost, YBK Usahasama Sdn. Bhd. (YBKU) was incorporated on 24 February 2010 with an authorized capital of RM10,000,000-00 and a paid up capital RM10,000,000-00. The company is the subsidiary of Serendah Heights Sdn Bhd, which is owned by Prihatin Ehsan Holdings Sdn. Bhd.
YBKU is the Special Purpose Vehicle (SPV) company to develop UiTM Campus in Mukim Semujuk, Jasin, Melaka whereas the company was awarded the right to develop the Campus under the PFI (Private Finance Initiative) concept by the Government of Malaysia on January, 2010. The Concession Agreement was signed on 4 May, 2010. This UiTM Jasin Campus offers three (3) major courses, namely Faculty of Applied Science, Faculty of Agriculture and Agrotechnology and Faculty of Computer Science and Mathematics with total capacity of five thousand (5000) students.
YBKU is a social enterprise company whereas the percentage of profit gained from the concession business will be contributed back to the foundations namely Yayasan Basmi Kemiskinan (YBK) (Website: www.ybk.org.my) and Yayasan Bina Kesejahteraan in order for the foundations carrying charitable works to the society. Apart from that, YBK is a non-profit organization established in 1990 which governed under the Trustee Act 1952 in order to eradicate poverty in the state of Selangor, Kuala Lumpur and Malaysia.