UEM SUNRISE AND NUSAJAYA TECH PARK HOSTED THE INAUGURAL HIGH-SPEED RAIL SEMINAR
SINGAPORE, 29 August 2017: UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, together with Nusajaya Tech Park, hosted the inaugural High-Speed Rail (“HSR”) seminar as part of the ASEAN Market Insights Seminar series, which drew more than 150 attendees at the Singapore Business Federation on Friday, 18 August 2017.
Taking on a topical approach, the inaugural edition of the HSR seminar that was co-organised by the Singapore Business Federation and Malaysia Singapore Business Council, focused on Business Opportunities in Malaysia Arising from Kuala Lumpur-Singapore High Speed Rail, with participants of the seminar coming from a wide array of sectors spanning industry, trade, investment and policymaking.
With presentations from keynote speakers across sectors who shared on various topics relevant to the theme of the seminar, participants had exclusive insight into the following:
Summary of presentations
Regional development around HSR stations by Mr. Annafi Zulkifli, Director of Corporate Strategy of MyHSR Corporation
- Socio-economic planning, key sectors and developments of KL-HSR corridor - Provide framework for HSR Socio-economic programme – economy, inclusivity, sustainability and enablers - Seven prioritised growth areas to drive economic growth in the intermediate cities along the HSR corridor
Building the HSR: Business opportunities and competitive landscape by Mr. David Wong, Manager (Infrastructure), International Enterprise Singapore
- Structure, segment analysis and strategies on KL-SG HSR project - Early cultivation of clients and strategic partnerships based on different segments and contractors
HSR’s impact on economic development by Mr. Ishmael Ho, Chief Executive Officer, Ho Chin Soon Research
- Land use, ownership patterns and development plans along the HSR stations - Case studies and local context example from different country HSR stations
Investment facilitations by the Malaysian government by Mr. Mohd Erfian Johari, Second Secretary, Malaysian Investment Development Authority (MIDA) (Singapore)
- Overview of foreign investments approved by MIDA - The focus of different economic sector, major projects and other development around the cities
As the master developer of Iskandar Puteri, one of the five flagship zones of Iskandar Malaysia, the HSR seminar marked a milestone in UEM Sunrise’s long-term commitment to promote investment and business opportunities in Iskandar Puteri as well as to generate greater synergy between Singapore and Malaysia for the overall growth of the region.
In the highlight panel discussion, ‘Capturing Potential Business Opportunities with High Speed Rail’, the Company highlighted its focus to unlock the development potential of Iskandar Puteri through various industrial, commercial and residential projects which will set a strong foundation to support an overall thriving transit-oriented development in the region via Gerbang Nusajaya.
Gerbang Nusajaya, the commercial and business engine of Iskandar Puteri and the gateway to Iskandar Malaysia, is home to various catalytic developments such as Nusajaya Tech Park, a joint-venture of Ascendas Singbridge and UEM Sunrise as well as Fastrackcity, a 300-acre integrated motorsports hub. Gerbang Nusajaya will also house one of the seven HSR stations.
Panelists on the panel discussion session included Mr. Raymond Cheah, Chief Operating Officer - Commercial, UEM Sunrise; Mr. Aylwin Tan, Chief Customer Solutions Officer, Ascendas-Singbridge; Ms. Kate Lim, Centre Director, Kuala Lumpur Overseas Centre, International Enterprise Singapore and Mr. Ishmael Ho, Chief Executive Officer, Ho Chin Soon Research. The session was moderated by Dr Francis E. Hutchinson, Senior Fellow and Coordinator of the Institute of Southeast Asian Studies (ISEAS) - Yusuf Ishak Institute.
UEM GROUP FLIES JALUR GEMILANG AT HEADQUARTERS, MERCU UEM
KUALA LUMPUR, 27 August – In commemorating Malaysia’s 60th National Day celebration, UEM Group Berhad (UEM Group), the nation’s leading engineering-based infrastructure and services conglomerate, has continued its annual tradition where it has once again proudly raised a giant Jalur Gemilang at its headquarters, Mercu UEM.
The single flag which measures 190 feet (w) x 93 feet (h) is on grand display on the 29-storey office building located in KL Sentral. Due to its sheer size, it took more than 10 personnel and over 10 hours to raise the flag, a process which started at 7:00 a.m.
Several personnel from UEM Group and its subsidiary companies namely PLUS Malaysia Berhad, UEM Sunrise Berhad, Cement Industries of Malaysia Berhad or CIMA, and UEM Edgenta Berhad were on hand to witness the raising of the mega flag. Their deep sense of patriotism for the country is further evident as they brought with them mini Jalur Gemilang and placards featuring this year’s theme – Negaraku, Sehati Sejiwa, and proudly took photos of the momentous occasion.
The giant sized Jalur Gemilang, which covers six floors of Mercu UEM, will be on display until 17 September 2017.
PLUS OFFERS 30 PERCENT TOLL REBATE, ISSUES TRAVEL TIME ADVISORY FOR NATIONAL DAY & AIDILADHA
Petaling Jaya, Thursday:- PLUS Malaysia Berhad (PLUS) is offering toll rebates up to 30 percent and issuing a Travel Time Advisory (TTA) to distribute traffic on the highway this National Day and Aidiladha festive period.
“The 30 percent toll rebate is offered for 2 days on 29 August and 4 September. It is part of an effort to distribute traffic during festive season and at the same time, reward our customers for their continuous support,” said PLUS Managing Director, Datuk Azman Ismail.
“The toll rebate is also offered in conjunction with the implementation of the full electronic toll transactions on all PLUS-operated highways since 26 April,” he added.
Meanwhile, Touch ‘n Go cardholders will be able enjoy a 10 percent toll rebate when they pay toll on the designated dates.
“The 30 percent toll rebate for transactions via PLUSMiles cards is aimed at rewarding PLUSMiles loyal customers for their support. The 10 percent toll rebate, on the other hand, is given for electronic toll transactions via normal Touch ‘n Go cards,” Azman explained.
“Both rebates are offered to Class 1 highway users (light vehicles with 2 axles and 3 or 4 wheels except taxi) travelling more than 100 kilometres on all PLUS-operated highways. They can be enjoyed all day on the selected dates,” Azman explained.
During the designated dates, highway users will still be required to pay toll in full. The 30 percent and 10 percent toll rebates (in a form of toll reloads) will be reloaded into their cards when they top-up their cards at all PLUS customer service centres from 15 September until 14 December.
The toll rebates are not offered for toll payments at Bukit Kayu Hitam, Bangunan Sultan Iskandar, Tanjung Kupang and Penang Bridge toll plazas.
TTA Helps Public to Plan Journey and Distribute Traffic on Peak Days
Similar to the previous festive seasons and long holidays, PLUS is also issuing a TTA to help the public plan their journey and distribute traffic on the North-South Expressway (NSE) mainline in conjunction with the National Day and Aidiladha festive period between 25 August and 4 September.
The TTA enables PLUS to distribute traffic and prevents vehicles from converging at the same locations and time which contribute to traffic congestion on the mainline.”
Based on this year’s TTA, PLUS advises those planning to travel back their hometowns in Perlis, Kedah, Penang, North Perak and Johor to enter the highway before 10:00 am.
For those heading towards nearer destinations such as Selangor, Negeri Sembilan, Malacca, South Perak and Central Perak, they are advised to start their journey and enter the NSE after 10:00 am on the designated days.
“This will allow vehicles travelling to further destinations to exit the highway before vehicles heading towards nearer destinations start entering the mainline. This will prevent these vehicles from converging at various locations on the mainline and contribute to traffic congestion,” explained Azman.
anticipates 1.7 vehicles will ply the North-South Expressway every day on Peak Days this National Day and Aidiladha festive period. The figure translates to a 21 percent increase from 1.4 million vehicles per day on normal working days.
UEM SUNRISE ANNOUNCES REVENUE OF RM1.4 BILLION FOR THE SIX MONTHS ENDED 30 JUNE 2017
Revenue Almost Doubles from First Half of 2016 Backed by Strong Local and International Property Development Activities
KUALA LUMPUR, 23 August 2017 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the six months ended 30 June 2017 where total revenue recorded for the period increased to RM1,439.6 million as compared to RM795.6 million reported for the corresponding period in 2016, an increase of approximately 81%. Profit after tax and non-controlling interest for the six months period stood at RM155.8 million, reflecting an increase of about 170% compared to RM57.7 million in the same period last year.
Property development activities contributed 67% of total revenue for the current period with the three major revenue contributors being Residensi 22 in Mont’Kiara, Aurora Melbourne Central in Melbourne and Teega in Puteri Harbour. Projects in the Central region contributed the highest; 42% of property development revenue followed by 30% from international projects and 28% from the Southern region. Revenue from land disposal registered a contribution of about 29% largely due to the disposal of three parcels of land measuring 4.9 acres in Richmond, Canada which was disposed to South Street Development Group, a Canadian-based real estate developer for CAD$113.0 million or RM371.4 million in line with the Company’s decision not to pursue the development of the Richmond lands, and consolidate efforts and focus on developments in Malaysia and Australia. Unrecognised revenue as at 30 June 2017 remains sizable at RM3.3 billion as compared to RM4.3 billion recorded in the same period in 2016.
Property development sales for the period was RM391.7 million, 46% of which was contributed by the Southern region mainly from Estuari Gardens, Melia Residences and Denai Nusantara followed by 32% from the Central region particularly from Symphony Hills, Serene Heights Bangi and Residensi 22 Mont’Kiara. The remaining 22% was from the Company’s international projects, mostly Conservatory and Aurora Melbourne Central in Australia.
To date, the Company has launched projects with total Gross Development Value (“GDV”) of approximately RM1.2 billion, the latest being Mayfair in Melbourne, Australia which commands a GDV of RM1.1 billion, in addition to a new phase of Serene Heights Bangi, Dahlia in mid-July 2017 and Phase 3E of Melia Residences in early June 2017.
Commenting on the financial results, Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise said, “Our revenue of RM1.4 billion for the first half of 2017 is the best compared to past years’ corresponding financial period, since the listing of UEM Sunrise in 2008. Notwithstanding the disposal of our Alderbridge lands in Richmond, Canada, contribution from property development revenue has also improved in view of strong construction progress achieved during the period. We are extremely pleased with these results.”
“We expect to see the completion of Residensi 22 Mont’Kiara, Estuari Gardens and Bayu Angkasa apartment, a sub-phase of Nusa Bayu in Iskandar Puteri by year end. Teega at Puteri Harbour has been delivered progressively to our buyers since February and we have also started on the delivery of Arcoris Mont’Kiara’s 262 business suite units starting from end of June. The SOHO units are targeted to be delivered to the buyers in stages starting towards the end of this month whereas the serviced residences are targeted for delivery in the third quarter of 2017. The four-star Hyatt House hotel is expected to commence operations in the first quarter of next year.”
Anwar added further, “Sales from projects in the Southern region continue to contribute positively continuing the trend that started in the fourth quarter of 2016. With the right location and product mix, we believe that the market is more receptive on landed mid-market residences. In response to this shift in demand, we plan to launch a new project, Serimbun in Iskandar Puteri, in the fourth quarter of this year. In the Central region, we plan to launch a high-rise residential development, Solaris Parq Residences in Solaris Dutamas in October this year.”
“To boost property sales, we recently launched “UEM Sunrise’s EASY Own Plan” which offers buyers Easy Entry, Easy Plan and Easy Privileges scheme for our Symphony Hills, Residensi Ledang in East Ledang, Estuari Gardens, Nusa Idaman’s twin villas and Bayu Angkasa. In conjunction to this scheme, we have rolled out the third installation of the anticipated “Signature Selection: Road to Russia 2018” campaign in which eligible purchasers stand a chance to win lucky draw prizes for trips to Moscow, Russia in 2018 to be at the biggest sporting event of next year”, Anwar pointed out.
Commenting on its international projects, “We are excited to unveil our third project in Melbourne designed by the world-renowned Zaha Hadid Architects, the ultra-luxurious Mayfair on St Kilda Road. Offering a limited 158 residential units of one to five bedrooms ranging from 750 to 6,000 square feet with price starting from RM2.4 million, the exclusive preview in Malaysia was held on 22 July 2017. Aimed at ultra-high net worth individuals and local upgraders, Mayfair offers luxury and elegance – a new lifestyle unseen in Melbourne with features such as a 24-hour concierge services, wine lounge, innovative automated car valet system, private lift lobbies and immaculately crafted interior finishes. The project will be launched officially in Melbourne in September 2017 concurrently with the completion of the project’s onsite Display Suite. Site works are targeted to commence in the second quarter of 2018 with completion targeted by the second quarter of 2021”.
UEM EDGENTA DECLARES 8 SEN INTERIM DIVIDEND BACKED BY HIGHER REVENUE POSTED IN H1 2017
Revenue Up by RM278.6 Million and PBT Increase by RM83.5 Million in H1 2017
KUALA LUMPUR, 22 August 2017 – UEM Edgenta Berhad (“UEM Edgenta” or “Company”) declared interim dividend of 8.0 sen per ordinary shares on back of revenue of RM1.63 billion which it posted on for the six months ended 30 June 2017 (H1 2017).
The interim dividend of 8.0 sen per ordinary shares, which is for the financial year ending 31 December 2017 and with a total aggregate payment of RM66.5 million, will be paid to the shareholders of UEM Edgenta on 20 September 2017.
The healthy dividend declared follows a healthy Revenue and Profit Before Tax (PBT) posted for H1 2017 – RM1.63 billion versus RM1.35 billion in the corresponding period last year; and RM93.8 million compared to RM10.3 million for the same period in 2016, respectively.
The 8.0 sen per ordinary shares declared represents a payout ratio of 122 percent and exceeds the Company’s dividend payout of 7.0 sen paid in the Financial Year 2016 (FY2016). It also exceeds its Dividend Policy of distributing up to 70% of Profit After Tax and Non-Controlling Interest (PATANCI).
“The interim dividend declared showcases our promise in ensuring good returns to shareholders and we are committed to dividend payout as we have in the past,” said Dato’ Azmir Merican, Managing Director/Chief Executive Officer of UEM Edgenta.
For the second quarter 2017 (Q2’17), UEM Edgenta recorded a revenue of RM858.9 million, an 11.7% increase or RM89.9 million versus preceding quarter of RM769.0 million. The contributing factor for this increase is higher contribution from its divisions.
UEM Edgenta’s Infra Services (“IS”) Division recorded a rise in revenue by RM70.4 million mainly due to the higher civil and pavement works carried out for the North-South Expressway; while Healthcare Services (“HS”) Division recorded higher revenue by RM9.9 million mainly due to higher variation orders at the public hospitals. Its Consultancy Division recorded an increase in revenue by RM6.0 million mainly from the Malaysian operations; while the Real Estate Services (“RES”) Division also recorded higher revenue by RM3.4 million mainly due to higher work progress for Menara Tun Hussein Onn project.
“We expect strong operational momentum to continue for the rest of 2017 as we embark on various operational initiatives to drive operational efficiency, such as implementation of Enterprise Resource Planning (ERP) to enhance our back-end support system, integration of processes of acquired businesses and effectively implement performance based contracting.
“In addition, the recently announced proposed divestment of our 61.2 percent equity stake in its New Zealand-based subsidiary, Opus International Consultants Limited (“OIC”) for RM504.1 million (this amount excludes the cash dividend of NZD0.07 per OIC share) will allow us to use the proceeds to, amongst others, pare down debts. It will also provide UEM Edgenta with the financial resources and enable management to focus on driving as well as supporting the organic growth and operational excellence initiatives in our core sectors spanning Healthcare, Infrastructure and Real Estate in key markets namely Malaysia, Singapore and Taiwan,” added Dato’ Azmir.
PROMOTING THE NATIONAL PRINCIPLES (RUKUN NEGARA) THROUGH PLUS’ #NEGARAKU #JIWAIRUKUNNEGARA CAMPAIGN
Sungai Buloh, Monday:- In conjunction with the Merdeka Month, PLUS Malaysia Berhad (PLUS) launched its #Negaraku #JiwaiRukunNegara Campaign, aimed at promoting the National Principles (Rukun Negara), the key to unity amongst various races in the country.
PLUS Chairman, Tan Sri Dato’ Mohd Sheriff Mohd Kassim said, "Through the #Negaraku #JiwaiRukunNegara Campaign, PLUS invites the rakyat, highway users and the younger generation to embrace and abide by the Rukun Negara,”
In conjunction with the Campaign, PLUS is displaying Rukun Negara visuals at strategic locations at all its 24 rest and service areas (RSAs) as well as two (2) overhead bridge restaurants along the mainline.
“These visuals are aimed at reminding the rakyat about Rukun Negara and its crucial role in uniting the people,” Mohd Sheriff explained.
In addition, PLUS in collaboration with Arkib Negara, is also holding an exhibition on Rukun Negara and the Nation’s independence at the Sungai Buloh Overhead Bridge Restaurant ‘Galeri Jejantas’.
“The exhibition focuses on Rukun Negara, its objectives and the Nation’s history,” Mohd Sheriff added.
PLUS is also organising an Instagram contest which runs from August 21 to September 4, 2017. Winners will bring home cash prizes via SSPN-i Savings Account totalling RM10,000.
The #Negaraku #JiwaiRukunNegara Campaign was launched by Yang Berhormat Tan Sri Datuk Seri Panglima Joseph Kurup, Minister in the Prime Minister's Department at the Sungai Buloh Overhead Restaurant, today.
The event was also attended by the Malaysian Highway Authority, Deputy Director General (Business), Dato' Sr Aziz Abdullah and PLUS Managing Director, Datuk Azman Ismail.
PLUS FIRST TO INTRODUCE EXPRESSWAY OPERATIONS SAFETY PASSPORT
Petaling Jaya, Friday, 18 August: EOSP (Expressway Operations Safety Passport) Agreement, signed between PLUS Malaysia Berhad (PLUS) and the National Institute of Occupational Safety and Health Malaysia (NIOSH) today, made the Company the first highway concessionaire to introduce Safety Passport in the country.
“Safety on the highway is the most important element in PLUS’ highway services and operations. The move is part of an initiative to improve and enhance the Occupational Safety and Health practices in the highway industry in general.
"Directly, it improves the safety levels of our highway users where accident risks can be minimised over time," PLUS Managing Director, Datuk Azman Ismail said.
All contractors, employees and individuals performing maintenance, construction and operation works on the highways are required to undergo NIOSH’s training to obtain these Safety Passports.
"This is beneficial to highway users in general as accident risks can be easily identified and the appropriate risk control measures can be taken by all trained contractors and individuals with Security Passports," Azman explained.
Reducing accident risk by individuals and those with Passport Safety is in line with PLUS' aim in making highway travels are safe, smooth and comfortable at all times. The Safety Passport Initiative also helps PLUS to inculcate safety culture on the highways.
According to Azman, all parties involved in the maintenance, construction and operations on the PLUS highway must undergo NIOSH’s Basic Safety Induction Course (EOSP) to obtain their Security Passports.
The Signing Ceremony was officiated by PLUS Managing Director Datuk Azman Ismail and NIOSH Executive Director Zahrim Osman at Persada PLUS today.
Also present during the ceremony were NIOSH Chairman, Tan Sri Datuk Lee Lam Thye and Malaysian Highway Authority, Operations Monitoring Chief Assistant Director, Harryati Rofik.
UEM SUNRISE LAUNCHES THIRD INSTALLATION OF HOME OWNERSHIP CAMPAIGN – SIGNATURE SELECTION: ROAD TO RUSSIA 2018
IN CONJUNCTION WITH ‘DISCOVER THE PLACES WHERE YOU BELONG’ PLACEMAKING INITIATIVES
Properties that are part of Signature Selection : Road to Russia 2018 include exclusive developments such as Verdi eco-dominiums, Beethoven, Residensi Ledang and Estuari Gardens and other highly sought after UEM Sunrise’s properties in the Central and Southern regions
Purchasers of featured properties for Signature Selection : Road to Russia 2018 home ownership campaign stand a chance to win attractive prizes, including trips to Russia in 2018 to catch the biggest football spectacle of the year
The Signature Selection : Road to Russia 2018 campaign runs from 15 August 2017 to 30 November 2017 and is part of ‘Discover the Places Where You Belong’ placemaking initiative
KUALA LUMPUR, 15 August 2017 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, is excited to launch the third installation of its highly anticipated home ownership campaign, Signature Selection. Entitled Road to Russia2018, this year’s campaign continues to offer a wide selection of exclusive properties and attractive lucky draw prizes.
Signature Selection: Road to Russia 2018 is part of the Company’s overarching placemaking initiative entitled ‘Discover the Places Where You Belong’ which illustrates UEM Sunrise’s overall aspiration to be a creative placemaker. More fascinating placemaking programmes will be announced in due course.
As a property developer that prides itself on creating spaces that promote wellbeing and improve one’s quality of life, UEM Sunrise aims at assisting homebuyers not only to find a place they can call home, but to also find a place where they belong.
The selected properties featured in Signature Selection : Road to Russia 2018 are;
Residensi22 Mont’Kiara and Residensi Sefina Mont’Kiara in Kuala Lumpur
Summer Suites in Kuala Lumpur
Verdi eco-dominiums, Beethoven, Schuman and Schubert in Symphony Hills, Cyberjaya
Impiana, Residensi Ledang, Noble Park and Inspiration Park in East Ledang
Imperia, Teega, Almás and Estuari Gardens in Puteri Harbour
Twin Villas in Nusa Idaman
Bayu Angkasa in Nusa Bayu
Melia Residences in Gerbang Nusajaya
The participating properties are selected based on its unique selling proposition that offers Green Living, Waterfront Living and High Living.
To sweeten the deal, eligible purchasers of Signature Selection: Road to Russia 2018 stand to win lucky draw prizes for trips to Moscow, Russia in 2018 to watch the biggest football match of the year;
Three lucky couples stand to win six-night trips to Moscow, Russia to watch the Finals;
Five lucky couples stand to win four-night trips to Moscow, Russia to watch the opening ceremony of the tournament;
Additionally, there are other attractive prizes which include travel vouchers worth RM20,000 each, Tag Heuer watches and even football jerseys to be autographed by world-renowned football superstars namely Lionel Messi, Cristiano Ronaldo, Neymar Jr, Harry Kane and Eden Michael Hazard.
Signature Selection: Road to Russia 2018 which runs from 15 August 2017 to 30 November2017, also offers discounts and referral fees to purchasers and introducers of selected signature properties.
On top of that, purchasers will also be able to leverage on UEM Sunrise’s EASY Own Plan which offers potential and existing purchasers Easy Entry, Easy Plan and Easy Privileges sales package, to own UEM Sunrise- developed properties in highly sought-after locations.
UEM EDGENTA RECEIVES NOTICE OF INTENTION TO PURCHASE ITS 61.2% STAKE IN OPUS INTERNATIONAL CONSULTANTS LIMITED AT AN ATTRACTIVE PREMIUM
Part Proceeds Will be Used to Pare Down Debt. Company Will Focus on Driving Operational Excellence Initiatives, Organic Growth and Sustain Dividend Payout in the Future
KUALA LUMPUR, 14 August 2017 – UEM Edgenta Berhad (“UEM Edgenta” or “Company”) announced today that it plans to dispose of its 61.2 percent equity stake or 90,511,615 ordinary shares in its New Zealand-based subsidiary, Opus International Consultants Limited (“OIC”) following a notice of intention received from WSP Global Inc. (“WSP”), a Canadian company listed on the Toronto Stock Exchange that provides management and consultancy services to the built and natural environment.
The disposal will be made via UEM Edgenta’s wholly owned subsidiary, Opus International (NZ) Limited (“ONZ”). ONZ is a wholly owned subsidiary of Opus Group Berhad (“OGB”) which in turn is wholly owned by the Company.
UEM Edgenta will retain OGB, an entity that focuses on project management and design consultancy operating in Malaysia and Indonesia, and which has been drawing resources from OIC primarily in the asset management and consultancy businesses in the expressway sector. OGB via its wholly owned subsidiary Opus International (M) Berhad (“OIM”) will amongst others, continue to provide Asset Consultancy services in the two countries and this includes supporting UEM Group Berhad (“UEM Group”) (the parent company of UEM Edgenta) in delivering the Pan Borneo Highway Project in Sabah.
The proposed disposal of OIC is an opportunity for UEM Edgenta to monetise its investment upfront at a healthy premium over the current market price and will enable the Company to reduce its gross gearing from 0.8x (post drawdown of Sukuk of RM300 million in April 2017) to 0.4x, and provide the opportunity to sustain dividend payout to its shareholders in the future. Notwithstanding the disposal, UEM Edgenta will still be able to draw on the experience and resources of OIC albeit as a third-party consultant and by extension, WSP’s wide ranging engineering capabilities.
Dato’ Azmir Merican, Managing Director/Chief Executive Officer of UEM Edgenta said, “Proceeds from the proposed disposal will be used to, amongst others, pare down debts. It will also provide UEM Edgenta with the financial resources and enable management to focus on driving as well as supporting the organic growth and operational excellence initiatives in our core sectors spanning Healthcare, Infrastructure and Real Estate in key markets namely Malaysia, Singapore, Indonesia, Taiwan, India, other South East Asian countries, and the Middle East region.”
At present, UEM Edgenta is the region’s leading total asset solutions provider for the Healthcare, Infrastructure and Real Estate sectors. It is the leading support services provider for the private and public healthcare segments, an industry leader in Malaysia and Taiwan, and holds the number two position for the same segment in Singapore. The Company is also the leading infrastructure service provider in the road sector providing consultancy, advisory and contracting services for over 2,500 kilometres of highways and major roads in Malaysia and Indonesia. In addition, UEM Edgenta provides services in the Real Estate sector, specifically Township Management Services within Malaysia.
WSP’s intention to purchase will be via all cash consideration for OIC, an entity listed on the New Zealand Stock Exchange, of NZD1.78 per OIC share, totalling NZD263.2 million (equivalent to RM823.6 million based on RM:NZD foreign exchange rate of 3.1287). In addition, the terms of the offer allow the OIC board to declare and pay to OIC shareholders a fully imputed cash dividend of up to NZD0.07 per OIC share without an offer price adjustment (totalling NZD10.4 million or RM32.4 million).
The offer of NZD1.78 plus the NZD0.07 dividend would represent cash proceeds to OIC shareholders of NZD1.85 per OIC share (totalling NZD273.6 million or RM856.0 million). Gross proceeds to UEM Edgenta amounts to NZD167.4 million (about RM523.9 million) for its 61.2% equity stake in OIC.
The cash offer price of NZD1.78 per OIC share combined with the cash dividend of NZD0.07 per OIC share represents a very attractive premium to the current share price and the recent trading history of OIC, specifically it translates to:
A premium of 86.9 percent to the closing price per OIC Share of NZD0.99 on August 11, 2017 (being the last business day prior to this announcement);
A premium of 58.1 percent to OIC’s 52-week high daily closing share price of NZD1.17; and
A premium of 85.1 percent and 84.8 percent to the one and three-month volume weighted average price per OIC Share for the period ended on August 11, 2017 (being the last business day prior to the date of this announcement), of NZD0.9994 and NZD1.0012, respectively.
UEM Edgenta has entered into a Lock-Up Agreement to sell its 61.2 percent shareholding via ONZ in OIC to WSP, subject to its shareholder approval at a General Meeting (“GM”) expected to be convened in Fourth Quarter of 2017. The Company’s major shareholder, UEM Group has provided an undertaking to vote in favour of the proposed disposal.
The sale of OIC to WSP provides an opportunity for OIC to greatly leverage on WSP’s customer base and strong international brand equity to significantly bolster its positioning and growth outside of New Zealand. WSP on the other hand will be able to take advantage of OIC’s expertise in the infrastructure (transportation and water) and building sectors as well as in asset development/management.
Based in Montreal, Canada, WSP is a leading professional services firm, providing technical expertise and strategic advice to clients in the Property & Buildings, Transportation & Infrastructure, Environment, Industry, Resources (including Mining and Oil & Gas) and Power & Energy sectors. It also offers highly specialised services in project delivery and strategic consulting. It has 37,000 talented people in more than 500 offices across 40 countries.
UEM SUNRISE WELCOMES MORE THAN 600 PARTICIPANTS AT INAUGURAL ‘SYMPHONY FUN WALK & RUN 2017’
• The ‘Symphony Fun Walk & Run 2017’ is aimed at strengthening community engagement initiatives at Cyberjaya and promote healthy living for its residents • The event is held to continue creating awareness on Symphony Hills, an exclusive residential development in Cyberjaya
CYBERJAYA : 12 August 2017 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) one of Malaysia’s leading property developers, held its inaugural “Symphony Fun Walk & Run 2017” at Symphony Hills, Cyberjaya, which received overwhelming response with more than 600 participants today.
In addition to the staggering number of participants, the “Symphony Fun Walk & Run 2017” has successfully drawn participants from the wider region including those from the United Kingdom (“UK”), India, Indonesia and the Philippines. Aimed at fostering strong community ties as well as to promote a healthy living lifestyle among Cyberjaya residents, the event gave participants the opportunity to appreciate Cyberjaya’s green township as well as to continue creating awareness on Symphony Hills, an exclusive 98-acre boutique development in Cyberjaya, developed by UEM Sunrise.
“Keeping in mind that ‘health is wealth’ and that health is essential in the overall well-being of our residents, it is our priority to ensure that our communities are able to enjoy recreational activities that can help enhance their quality of life when they stay within a township or a development by UEM Sunrise.
“Symphony Hills is a fine example of how our mission to build sustainable communities is reflected through our developments which often capture a balance between innovative design and technology, and the best quality of life that it may offer its residents.” said UEM Sunrise’s Managing Director/Chief Executive Officer, Anwar Syahrin Abdul Ajib.
“Here at Symphony Hills, we also have Verdi eco-dominiums, our high-rise development and a masterpiece enlivened by modernity and smart living. It offers comfort and convenience amidst lushness, incorporating security and broadband connectivity with green building features,” he added.
The “Symphony Fun Walk & Run 2017” reflected Symphony Hills’ development concept which focuses on harmonious and quality living. The event had an extensive programme of fun activities and musical performances, from the flag off point all the way to the finishing line. The streets were lively with performances by String Quartet, Acapella-Colour of Voices and Victoria Institution’s Brass Band to name a few acts. A Mini Carnival hosted exciting family-friendly activities such as face painting, sand art, ring toss, free flow of pop-corns, Abang Mat Clown, a marching band and a Zumba dance among others. Malaysia’s popular Master of Ceremony, Land Slyde, kept the participants and their families entertained and engaged throughout the carnival.
Each participant of the Symphony Fun Walk & Run 2017 received a Race Kit comprising New Balance dri-fit tee, water tumbler, bottled water, a certificate of participation as well as finisher medal as a memento of having completed the race. The event partners were Taurus Energy Drink, Juice Works and NIVEA-firming body lotion, who had contributed products and vouchers for the runners’ goodie bags.
Food trucks such as Little Fat Duck, Thyme Out, The Burger Shop, Juice Works, Milo on Mini Moke, Bubble Tea Shop, Sistalicious and many more were also on-site to provide a wide array of F&B options for all to savour and enjoy. In addition to the numerous number of activities at the event, visitors also stood a chance to walk away as lucky winners of the Lucky Draw and the Best Dressed Competition which offered attractive prizes including electrical appliances and cash vouchers.
The first three runners who finished the Symphony Fun Walk & Run 2017 were Zaman Abdullah, 46, from Kajang, Selangor; Nizar Hazwan Abdul Wahap, 24, from Sungei Besi, Kuala Lumpur; and Abdul Rahim Abdul Razak, 49 from Sungai Buloh, Selangor.
Zaman Abdullah, an engineer and a regular runner for the past 10 years, said he was excited to join the run as the environment was serene and away from busy traffic areas.
Nizar Hazwan, a constable at the Bukit Aman Police Station said this was his third run. He found the Symphony Fun Walk & Run 2017 very exciting and enjoyed the 5km trail tremendously.
Abdul Rahim, a banker at Public Bank HQ in Ampang, said the exhilarating hilly trail and picturesque landscape made the run really fun and he would participate if UEM Sunrise was to organise the same in the near future.
According to Melania and Fernando Davila from UK, “We are delighted to participate in the Symphony Fun Walk & Run 2017. We ran together with our daughter, Lily and it was a great family bonding time for us”.
Yap Siew Foong, 44, an HR assistant manager from Rawang, Selangor, who participates in marathons regularly, said the Symphony Fun Walk & Run 2017 was a good event to workout and maintain a healthy lifestyle.
The participants of the event was flagged off by UEM Sunrise’s Chairman, Tan Sri Dato’ Sri Zamzamzairani Mohd Isa early this morning.
PELANCARAN GLC EXPLORACE 2017
Kementerian Perdagangan Antarabangsa dan Industri (MITI) dengan kerjasama UEM Group, Sime Darby Berhad dan Malaysian Industrial Development Finance Berhad (MIDF) menganjurkan program GLC ExplorAce 2017 pada 8 Ogos 2017, bertempat di Sime Darby Convention Centre, Bukit Kiara, Kuala Lumpur. Program ini dirasmikan oleh YB Dato’ Sri Mustapa Mohamed, Menteri Perdagangan Antarabangsa dan Industri.
Program GLC ExplorAce 2017 yang bertemakan “Cemerlang Mendepani Dunia Digital” (Excelling in the Digital World) merupakan program kali ke-5 yang diadakan sejak tahun 2013. Pada kali ini, MITI meneruskan kerjasama dengan UEM Group dan Sime Darby Berhad selaku Lead Anchors (Penaja Utama) dan juga MIDF yang bertindak sebagai agensi pelaksana bagi sesi padanan perniagaan (business matching).
Program GLC ExplorAce merupakan inisiatif Kerajaan menyediakan platform untuk vendor Bumiputera di bawah seliaan Anchor yang terlibat dalam Program Pembangunan Vendor (PPV) menerokai peluang perniagaan baharu. Ini dilaksanakan melalui empat (4) komponen utama iaitu pemadanan perniagaan (business matching); jalinan perniagaan (business networking); khidmat nasihat perniagaan dan kewangan (business & financial advisory); serta perkongsian maklumat perniagaan dan pengalaman keusahawanan melalui beberapa sesi Pocket Talk. Inisiatif ini secara tidak langsung dapat memberi peluang kepada syarikat anchor, syarikat vendor dan institusi kewangan yang turut serta dalam program ini untuk mengembangkan perniagaan, selain membantu mereka menjadi lebih kompetitif, dinamik dan berdaya saing.
Bertepatan dengan tema pada kali ini iaitu “Cemerlang Mendepani Dunia Digital”, program GLC ExplorAce 2017 juga menonjolkan kejayaan beberapa syarikat anchor dan vendor dalam dunia perniagaan digital. Syarikat-syarikat berkenaan turut mempamerkan hasil pencapaian mereka selain berkongsi visi, kepakaran, pengalaman dan cabaran yang mereka hadapi dalam mengharungi dunia digital. Adalah diharapkan syarikat vendor Bumiputera mendapat manfaat dari perkongsian kejayaan ini dan menjadikan mereka lebih inovatif dalam menempuhi cabaran untuk terus kekal dan kompetitif dalam pasaran domestik dan antarabangsa.
Penganjuran GLC ExplorAce 2017 pada kali ini agak berbeza berbanding tahun-tahun sebelumnya kerana selain daripada syarikat anchor, agensi MITI, agensi teknikal dan institusi kewangan, reruai pameran setiap anchor juga disertai oleh tiga (3) syarikat vendor sebagai pempamer. Pendekatan baru ini bertujuan memberi peluang kepada syarikat anchor menonjolkan kejayaan syarikat-syarikat vendor di bawah PPV Bumiputera masing-masing.
Pada tahun ini, sebanyak 60 organisasi terlibat sebagai pempamer dalam program GLC ExplorAce 2017, yang terdiri daripada MITI dan agensi, TERAJU, Bank Negara Malaysia, PUNB, MDeC, syarikat anchor, syarikat multinasional (MNC), syarikat vendor dan institusi kewangan tempatan. Sebanyak 15 syarikat anchor menyertai panel pemadanan perniagaan bagi mengenal pasti PKS yang berpotensi untuk dilantik sebagai vendor di bawah PPV. Program ini membuka peluang untuk pengembangan perniagaan kepada para usahawan Bumiputera, terutamanya melalui pendedahan kepada peluang-peluang perniagaan baru serta meningkatkan jaringan kerjasama sesama rakan perniagaan.
Di samping itu, GLC ExplorAce 2017 juga menyediakan kaunter khidmat nasihat pembiayaan kewangan ini disertai oleh MIDF, SME Bank, Credit Guarantee Corporation (CGC) dan EXIM Bank (M) Berhad. Sebuah program baru yang diperkenalkan pada tahun ini ialah Start-up Innovation Pitch yang akan dikendalikan oleh MaGIC. Sesi ini membolehkan 50 syarikat start-up membentangkan idea, cadangan penyelesaian masalah dan inovasi mereka kepada syarikat-syarikat utama yang mengambil bahagian.
MORE THAN 1,000 CYCLISTS PARTICIPATED IN THE FIRST EVER ISKANDAR SAFE CITY RIDE 2017
ISKANDAR PUTERI, JOHOR, 5 August 2017 – Iskandar Safe City Ride 2017 received overwhelming levels of participation with more than 1,000 cyclists taking part in the inaugural event.
The event, which was organised by UEM Sunrise Berhad, (“UEM Sunrise” or the “Company”) one of Malaysia’s leading property developers and master developer of Iskandar Puteri, is aimed at bringing the communities of Iskandar Puteri together as well as to strengthen the relationship between these communities and the Johor Royal Malaysia Police (“PDRM”).
Held at Puteri Harbour, Iskandar Puteri, the inaugural Iskandar Safe City Ride is a collaborative effort between PDRM and UEM Sunrise to help create a harmonious and safe living environment as well as to inculcate a healthy lifestyle for the communities of Iskandar Puteri. On top of establishing Puteri Harbour as a safe place for communities to grow, Iskandar Safe City Ride also promotes the city as a key destination for cycling and other sporting events.
“The Iskandar Safe City Ride is part of UEM Sunrise’s long-term efforts to incorporate healthy living for the communities into the blueprint of Iskandar Puteri. These are key markers of the quality of life of any city. As an iteration of our commitment to the development and well-being of our communities, we are proud to develop a programme of events including the Iskandar Safe City Ride to enhance the quality of life of the people living at Iskandar Puteri. In turn, we hope that everyone will enjoy living here, and is proud to call Iskandar Puteri home,” said Dato’ Roslan Ibrahim, Chief Operating Officer, Development of UEM Sunrise.
The free admission event featured two categories: 1.Six-kilometer Family Ride for children 12 years old and above; and 2.39-kilometer Power Ride for amateurs
The inaugural Iskandar Safe City Ride also featured various peripheral activities such as food and beverages bazaars, PDRM performances as well as family activities.
The event was officiated by Johor Chief Police Officer, Commissioner of Police Dato’ Sri Wan Ahmad Najmuddin Mohd.