FABER LAUNCHES NEW LINEN AND LAUNDRY PLANT TO ENHANCE LINEN AND LAUNDRY SERVICES
BUKIT BERUNTUNG, 20 January 2012 - Faber Group Berhad (“Faber”), through its subsidiary, Faber Medi-Serve Sdn Bhd (“FMS”) continues to expand its Linen and Laundry services with the construction of a new laundry plant located at Bukit Beruntung Industrial Park, 52 km north of Kuala Lumpur city centre.
With an investment of over RM18 million, FMS newly built Bukit Beruntung Laundry Plant (“BBLP”) was officially launched by YB Dato’ Sri Liow Tiong Lai, the Health Minister at a launching ceremony this morning. Also present were the Chairman of FMS, YBhg Datuk Zainal Abidin bin Alias, Senior Officials from the Ministry of Health and Senior Management from Faber Group of Companies.
Built on an industrial lot area of 5,987 square meters, the BBLP is easily accessible by the North South Expressway. This new plant is part of FMS continuing efforts to increase the capacity of its Linen and Laundry services. To date, FMS has invested more than RM58 million in laundry plants and equipment for Hospital Support Services (“HSS”). Apart from Linen and Laundry Services, the HSS include Facilities Engineering Maintenance Services, Biomedical Engineering Maintenance Services, Cleansing Services and Clinical Waste Management Services.
BBLP is poised to increase FMS positioning to capture and cater for the increasing demand in Linen and Laundry services from hospitals and private clinics within the Central Region of Peninsular Malaysia. The plant equipped with advanced technology can process up to 15 tonnes of linen per day. It can be expanded to process a maximum capacity of up to 40 tonnes of linen per day when it is fully upgraded and equipped.
Apart from BBLP, FMS currently has 4 other laundry plants i.e. Kuala Ketil in Kedah and Kamunting in Perak within Peninsular Malaysia and the Kota Kinabalu Laundry Plant in Sabah and the Sejingkat Laundry Plant in Sarawak. The combined capacity of all these plants is 61 tonnes of linen per day. With over 15 years provision of HSS to the Government Hospitals, FMS Linen and Laundry services adopt and comply to internationally best practices and guidelines in quality, safety, health and environmental standards such as AS/NZS 4146:2000, ISO 9001, ISO 14001, OHSAS 18001.
Further, the BBLP also complies to MSQH (Malaysian Society for Quality in Health) and JCI (Joint Commission International) standards for its Linen and Laundry services. All FMS laundry plants are environmentally friendly, with proper hygienic and wastewater disposal, in compliance with the Ministry of Health procedures and Department of Environment. This will ensure that the linen sent to hospitals ar e hygienic, clean and always fresh.
FMS is one of the largest companies providing Integrated Facilities Management for HSS to 81 Government hospitals including 2 laboratories in 6 states namely Perak, Kedah, Penang, Perlis, Sabah and Sarawak.
SAFETY AND SECURITY ENHANCEMENTS IN NUSAJAYA FOR GREATER LIVABILITYUEM Land sets up JV company with IIB’s wholly-owned subsidiary
KUALA LUMPUR, 10 January 2012 – UEM Land Holdings Berhad (“UEM Land”) together with Medini Security Services Sdn Bhd (“MSS”), a wholly-owned subsidiary of Iskandar Investment Berhad (“IIB”) have collaborated to form a full-fledged security service company to provide enhanced security for Nusajaya, one of the five nodes of Iskandar Malaysia.
The joint venture company will expedite the implementation of the overall safety and security initiatives and control the quality of security services provided in Nusajaya. It will also be tasked to obtain all relevant licences and approvals from approving authorities on the Auxiliary Police (“AP”) operations and guard services besides providing security services, professional consultancy and technical services.
“This initiative is part and parcel of the Nusajaya Security Blueprint (“Security Blueprint”) we had developed and practised throughout the zone. We are also looking into other areas of improvement such as the expansion of our CCTV coverage in the vicinity to further add value to the current safety and security initiatives. Whilst relying on technology to provide a single uniformed security platform, we strongly believe that omnipresence is also key in providing the residents with a more secured environment and in gaining investors’ continuous confidence and ultimately, peace of mind to Nusajaya stakeholders, thus this collaboration with MSS,” said UEM Land Managing Director/Chief Executive Officer, Dato’ Wan Abdullah Wan Ibrahim.
To initiate the security effort, UEM Land has deployed twenty (20) AP officers from Mont’Kiara, Kuala Lumpur, to be stationed in Nusajaya. The officers are operating from IIB’s Medini Command Centre in Seri Medini. By 2015, the joint venture company is expected to have an estimated 160 AP officers who will be deployed in critical areas such as Custom, Immigration and Quarantine (“CIQ”) Checkpoint and Security Command & Control (“C2”) Centres as well as on patrol in public places like Puteri Harbor, Kota Iskandar, Legoland, the Nusajaya Loop (a ring road traversing the key catalyst developments in Nusajaya) and for the public’s immediate access.
“As a strategic catalyst of change, IIB is working closely with the authorities, other developers and investment partners, both as a strategic and catalytic developer, to lay down the necessary foundations required in transforming Iskandar Malaysia into a modern metropolis,” said IIB President/Chief Executive Officer Datuk Syed Mohamed Syed Ibrahim who also represented MSS.
“As such, we are happy to work alongside UEM Land to beef up security measures in Nusajaya – one of the vital components required in providing a conducive environment that would support the development of Iskandar Malaysia,” he added.
In line with the collaborative effort, PLUS Expressways Berhad (“PLUS Expressways”) had also recently awarded a RM16 million contract to Propel Berhad to light up selected stretches on the SecondLink Highway with Light-Emitting Diode (“LED”) technology street lighting covering 22 kilometres. The designated areas include the Tanjung Kupang Toll Plaza (KM4 to KM19) and the Jalan Tanjung Kupang-Taman Perling Toll Plaza (KM12.6 to KM23) stretches. The LED street lighting project is aimed at providing the surrounding communities with more visibility when driving at the designated stretches at night which will also contribute to better security within the Iskandar Malaysia and Nusajaya in particular. The project is expected to be completed by June 2012.
Earlier in 2008, through a collaboration with General Electric (“GE”), UEM Land developed the Nusajaya Security Blueprint with Sinclair Knight Merz (“SKM”), Australia’s leading security consultancy group. SKM provided Specialist Security Consultancy Services whilst GE was the facilitator.
The Security Blueprint has been rolled out progressively in UEM Land’s projects such as Puteri Harbour and East Ledang, supported by its consultants and contractors who have been trained to incorporate security elements into the design and built environment similar to the Crime Prevention through Environmental Design (“CPTED”) principles undertaken by its Symphony Hills’ project in Cyberjaya, Selangor. UEM Land will continue innovating to offer its stakeholders an exclusive lifestyle through the provision of quality products and excellence in service.
PLUS BERHAD ISSUES WORLD´S LARGEST SUKUK AT RM30.6 BILLION
KUALA LUMPUR, 8 January 2012 - Projek Lebuhraya Usahasama Berhad (PLUS Berhad) is set to issue RM30.6 billion Sukuk – the largest global Sukuk and Malaysia’s single largest bond issuance to-date.
The Sukuk issuance, scheduled for January 12, follows the privatisation of PLUS Expressways Berhad (PEB) – one of Malaysia’s largest privatisation exercises – and the restructuring of the toll concessions under PEB and Penang Bridge Sdn Bhd (PBSB). The concession agreements of these highways will be novated to PLUS Berhad, a wholly owned subsidiary of PLUS Malaysia Sdn Bhd. The latter is the investment vehicle of UEM Group Berhad (51 percent) and Employees Provident Fund Board (EPF; 49 percent).
The proceeds from the Sukuk issuance will be utilised to part finance the purchase of assets, liabilities, businesses, undertakings and rights of five toll concessions –Projek Lebuhraya Utara-Selatan Berhad, Expressway Lingkaran Tengah Sdn Bhd, Konsortium Lebuhraya Butterworth-Kulim Sdn Bhd, Linkedua (Malaysia) Berhad and PBSB. The proceeds will also be utilised to fund capital expenditure, working capital and other general funding requirements.
PLUS Berhad had successfully raised the required long term financing via the establishment of up to RM34.35 billion nominal value Islamic Medium Term Notes Programmes within a compressed timeline notwithstanding the magnitude of the issuance size.
The repayment profile of the Sukuk ranges from 5 to 27 years and the weighted average yield is approximately 5 percent.
The Sukuk was accorded the highest long-term rating of AAA(IS) by Malaysian Rating Corporation Berhad (MARC), reflecting the strong credit strength of PLUS Berhad and its importance to the Malaysian Government.
A signing ceremony was held recently to commemorate the establishment and issuance of the Sukuk. The signatories were Dato’ Izzaddin Idris, Group Managing Director/Chief Executive Officer of UEM Group and Dato’ Shahril Ridza Ridzuan, Deputy Chief Executive Officer (Investment) of EPF.
Other signatories included Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group. CIMB Investment Bank Berhad was appointed the Financial Adviser, Sole Principal Adviser, Sole Lead Arranger and Joint Lead Manager for the transaction.
Representing other Joint Lead Managers of the transaction and present at the signing ceremony were Kok Tuck Cheong, CEO of AmInvestment Bank Bhd; Dato’ Sri Abdul Wahid Omar, President and CEO of Maybank Group; and Mike Chan, Officer-in-Charge of RHB Investment Bank.
Commenting on the transaction, Dato’ Izzaddin Idris said, “The successful issuance and strong demand for our Sukuk demonstrates the depth and liquidity of the local market. It is also an indication of investors’ confidence towards PLUS’ operations and assets.
“I am pleased that not only are we able to successfully issue one of the world’s largest Sukuk but we are able to play a role in further enhancing Malaysia’s prominence in international Islamic capital markets in line with the Government’s aspiration to establish Malaysia as an Islamic financial hub.”
Dato’ Shahril Ridza Ridzuan added, “We are confident our investment in PLUS will provide a long term and stable source of income that fits EPF’s risk-return criteria. This investment is part of our overall strategic allocation of assets into low volatility and long-term sectors. The successful Sukuk fund-raising exercise will secure a long-term profile of returns that matches our asset-liability requirements.”
Meanwhile Dato’ Sri Nazir commented on the significance of the event, saying, “The signing ceremony represents the culmination of our joint efforts, and I am proud to say that we have made a few landmark deals along the way. At RM23 billion, PEB’s delisting was the largest privatisation exercise in 2011 and the 2nd largest ever in Malaysia. And to fund this privatisation as well as the purchase of PBSB from UEM Builders Berhad, we arranged the largest syndicated loan in ASEAN in 2011. But the icing on the cake must surely be the Sukuk issuance – at RM30.6 billion, the largest ever Sukuk issuance in the world.”
(Left to right): Kok Tuck Cheong, CEO of AmInvestment Bank Bhd, Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group, Dato’ Izzaddin Idris, Group Managing Director/Chief Executive Officer of UEM Group, Dato’ Shahril Ridza Ridzuan, Deputy Chief Executive Officer (Investment) of EPF, Dato’ Sri Abdul Wahid Omar, President and CEO of Maybank Group, and Mike Chan, Officer-in-Charge of RHB Investment Bank.