RATIONALE AND PROSPECTS. In line with the government plans to transform Southern Johor into an oil and gas hub, BENALEC capitalise on its requisite technology, expertise, experience and financial resources to undertaken the reclamation works at the Project Land, which will then be developed into an integrated Petroleum & Petrochemical Hub Logistic and Maritime Industrial Park.
RATIONALE AND PROSPECTS. With Advancecon having thirty (30) years of experience in providing construction-related services to reputable property developers and undertaking major infrastructure projects. The collaboration with the state government of Perak will allow Advancecon to venture into new markets segment which to align with the Company’s business diversification strategy and will accelerate future growth for Advancecon.
RATIONALE AND PROSPECTS. The objectives and prospects for the joint venture between TXB and Netsec are as follows:-
RATIONALE AND PROSPECTS. The DA will provide AB the development rights to approximately 1,124 square metres in footprint area above the podium of the Melaka Hotel within the mixed development on the land measuring 17,746 square meters located in prime and burgeoning localities Melaka without outright purchase of landbank which will otherwise require significant cash outlay or borrowings with interest cost. The Project is located approximately 3.5km from Melaka town. The spill over of activities including lodging needs will be a boon to the Group. Given that Melaka Hotel will be right outside the heavily congested town centre, traffic in and around the Project is expected to remain conducive for tourists commute once Melaka Hotel is completed. Several components of the mixed development are already nearing completion which includes a block of high-rise apartments, shops and retail units. With the expected traffic flow and retail activity within the mixed development, the Board of Directors is confident Melaka Hotel will have good potential in securing a purchaser subsequent to completion. As the state is a renowned tourist attraction, demand for lodging is more assuring, especially with the various state government initiatives and recommendation on social media of the state’s tourism highlights. The Project is expected to contribute positively to the profitability and cashflow of the Group upon the sale of the completed Melaka Hotel. Execution of the DA is consistent and in line with the Group’s strategic direction to focus on property development and construction activities.
RATIONALE AND PROSPECTS. The Parties would like to realise the cooperation through EITA KOP to secure jobs or contracts from the Government of Malaysia or PDRM or such other bodies, agencies or parties as KOP may be able to procure in respect of the Business.
RATIONALE AND PROSPECTS. The Subscription marks DPS' entry into the green energy space, leveraging its track record in civil & structural work including infrastructure and earth work projects and Sunview's expertise in the engineering, procurement, construction and commissioning (EPCC) of solar photovoltaic systems. With landbank of more than 1,000 acres, DPS also provides a solid foundation for large-scale solar energy projects. This collaboration represents a strategic alliance opportunity for DPS and its subsidiary companies (the “Group”) to increase its sustainable revenue. From an Environmental, Social and Governance (“ESG”) perspective, the Project is expected to generate clean energy, create work and entrepreneurship opportunities, contribute to national food security and reduce the Group’s carbon footprint. Moving forward, DPS intends to participate in further green energy business opportunities. Barring any unforeseen circumstances, the Board believes that the SHA will contribute positively to the Group’s future earnings growth and create long- term impact on ESG.
RATIONALE AND PROSPECTS. In view of the growth prospects of the property market in the Klang Valley and the strategic location of the Lands, the Proposed Joint Venture is in line with Tropicana’s objective in expanding and strengthening its existing business for the development of residential properties. The Proposed Joint Venture represents an opportunity for Tropicana to unlock the land value with lower cost of equity. Furthermore, with collaboration by way of the Proposed Joint Venture, the parties will leverage on each other’s expertise to reduce operating development cost and enhance operating cash flow. With the Proposed Joint Venture, Tropicana is able to enjoy the future upside and prospects from the participation of the development of the project.
RATIONALE AND PROSPECTS. The Proposed JV provides opportunity for the PRG Group to expand its revenue sources and is in line with the Group’s strategy of strengthening its presence in the property development market through strategic acquisitions and/or joint ventures to secure landbank and/or property development projects. The management recognised the needs for housing/accommodation for the medium range housing sector which is very much lacking. Thus, venturing into this sector will benefits the company in term of generating revenue/profit via sales of units. The Project is expected to contribute positively to the future financial performance of PRG Group.
RATIONALE AND PROSPECTS. The Proposed Acquisition of PMIL Sale Share was undertaken to streamline the business activities and divisions within PRG Group for operation efficiency. PRG believes that the luxury fashion industry presents a potential profitable venture for the group. Luxury products tend to perform well even during recessions as this segment of the market is driven by free market forces and less susceptible to fluctuations of the economic cycle. Overall, the luxury market grew 5% in 2018, to an estimated €1.2 trillion globally. The market for personal luxury goods reached a record high of €260 billion, representing 6% growth. Worldwide, the personal luxury goods market experienced growth across most regions, driven primarily by more robust local consumption. The growth is expected to continue at an annual rate of 3% to 5% through 2025, with the market for personal luxury goods reaching €320 billion to €365 billion. (Source: Luxury Goods Worldwide Market Study, Fall-Winter 2018, Xxxx & Company). By investing in the luxury fashion industry, PRG would be riding on the growth in Asia Pacific consumption power. Luxury products still has room to grow in tandem with the growth in wealth in this part of the world.
RATIONALE AND PROSPECTS. The Project will provide the Group access to a development land measuring approximately 5.94 acres located in prime and bustling industrial hub that offers all-rounded facilities to support the growing community in Johor. Pasir Gudang is increasingly growing as a preferred choice for small and medium industries with increasing commercial activities seen over the past five years due to increase in the population in Pasir Gudang. Given the density of the properties in the vicinity that includes factories, commercial centres, public amenities, residential properties and government offices, the Board is optimistic the take up rate of the shop offices to be developed under the Project will be encouraging. As the Owner’s Entitlement is in the form of seventeen (17) units of shop offices to be sold on behalf of SRD or to be surrendered to SRD upon CCC, there is minimal cash outflow in terms of entry cost. The construction cost in respect of those units concerned will be incurred gradually over the 36 months construction period and as such is not expected to have any significant impact to Group’s cashflow. As the necessary major approvals such as the development order and building plans have already been secured by SRD, there will be minimal gestation period leading to earlier commencement of the Project on site and the ability to launch the Project without delays. This in turn will likely enable the Group to generate revenue and profit recognition within a short turn around. Barring unforeseen circumstances, the Project is expected to contribute positively to the profitability and cashflow of the Group over the next three years.
