Last update from the CNY Reunion Dinner.


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http://www.thestar.com.my/Business/Busines...o-and-director/


KUALA LUMPUR: S P Setia Bhd has announced the resignation of its chief executive officer (CEO) Tan Sri Liew Kee Sin, chief financial officer Datuk Teow Leong Seng and non-independent & non-executive director Tan Sri Lee Lam Thye.

In a statement on Monday, the group said Liew will leave on Apr 30, 2014 whilst Teow will stay on until Jul 31, 2014. Lee resigns immediately as a non-independent and non-executive director.

The group has appointed its chief operating officer Datuk Voon Tin Yow as acting president and CEO for one year from May 1, 2014 until Apr 30, 2015.

Chairman Tun Zaki Tun Azmi said over the next year the group intends to work with its major shareholder Permodalan Nasional Bhd, before finalising potential successors.

Under Liew’s leadership, S P Setia has achieved RM8.24bil in sales in FY2013. As at Oct 31, 2013, it had RM9.6bil in unbilled sales to be realised over the next few years.

Liew said: “Given the solid footing which the company is on, I believe the time has arrived for me to step down after 18 years as CEO.

With my children all growing up and starting out on their own career paths, I am looking forward to spending more time with them, mentoring and guiding them,” he said.

However, Liew will continue to represent S P Setia as chairman of the Battersea Project Holding Company Limited and also managing director of Qinzhou Development (Malaysia) Consortium Sdn Bhd until September 2015.


（吉隆坡20日訊）實達集團（SPSETIA，8664，主板產業組）靈魂人物丹斯里劉啟盛如市場所傳提前一年退位，將於今年4月30日正式結束在實達長達18年的領導，未來是否另起爐灶的動向料成為市場焦點。

潘丁友任代理總裁兼CEO

實達總裁兼首席執行員劉啟盛今日正式宣佈離職，實達首席營運員拿督潘丁友將出任代理總裁兼首席執行員一年，自5月1日到明年4月30日生效；目前的執行副總裁拿督許捷任也將在同年內出任代理副總裁，以輔助潘丁友。

同時，首席財務員兼非獨立董事張良成和非執行董事李霖泰也分別提出辭呈，張良成將在實達服務至7月31日，李霖泰立即辭退非獨立和非執行董事的職務，但若有必要，他仍將隨董事部意願保留實達基金會主席職務。

另外，劉啟盛也將持續代表實達，擔任實達旗下英國巴特西發電站計劃的主席及欽州發展（大馬）財團的董事經理，直到2015年9月。

實達集團發言人向《星洲財經》表示，劉啟盛已在文告中表態，無意再回應其他問題。

56歲的劉啟盛表示，今天實達無論在業務和財務方面皆強穩，在公司的穩健發展之下，他相信他是時候結束在實達長達18年的首席執行員一職。

“我的所有孩子已長大，也規劃了各自的前程，我希望未來能夠花更多時間在他們身上，作為他們的顧問並引導他們。”

實達主席敦查基表示，董事部和他對劉啟盛和另兩名董事的離開感到非常難過，無論如何，他相信，集團將在潘丁友和許捷任的領導下持續前進。

“委任潘丁友和許捷任為代理總裁兼首席執行員及代理副總裁，符合董事部於去年3月批准的管理層接班人計劃；潘丁友和許捷任自1996年加入實達，皆在過去18年，對業務成長作出顯著貢獻。”

查基也強調，隨他們非常瞭解公司業務，這將確保客戶對實達產業素質的期許。

將尋求國投意見

“董事部明年也將在確認接班人的正式條件前，尋求大股東國民投資公司（PNB）的意見。”

查基補充，基於國投掌控實達逾60%股權，總裁和副總裁的人選必須獲得國投無條件的支持。

基於劉啟盛的顯著貢獻和對巴特西計劃及欽州發展計劃的舉足輕重，董事部及查基要求劉啟盛持續代表實達，作為巴特西計劃的主席及欽州發展的董事經理，直到明年9月，以確保這些國際發展計劃的執行順利。

劉啟盛提到，實達在6國擁有多達40項發展計劃，產品多元化、業務據點和客戶也多元化，相信實達將持續惠及股東。

“我相信在我離開後，實達將繼續成長，因實達的董事部門和管理層在過去20年已奠定強勁的基礎。”

在劉啟盛的領航之下，實達2013財政年的銷量高達82億4千萬令吉，為上個財政年銷量的兩倍。實達截至10月31日的未進賬銷售達96億令吉，這些未進賬銷售將在未來數年釋放，並帶動盈利創新高。

實達現已擁有面積達4千782英畝的未發展地段，餘下地段的發展總值達1千零20億令吉，而實達的有效股權更達710億令吉。（星洲日報／財經）



This post has been edited by oldman13: Jan 20 2014, 09:20 PM

I expect after sales service will go downhill.... all government link developers sucks big time.

4% discount only applicable last weekend?

Left a few only. This one the best liao, unless u don't mind facing t-junction.

This post has been edited by xyyap: Jan 20 2014, 10:00 PM

Expected. If u are good observer, would have noticed many people changed since 2012.

This post has been edited by xyyap: Jan 20 2014, 10:14 PM

Before strata title issued, normally by built up. After strata title issued, it ll b based on unit shares. The allocation of unit shares (whole parcel ll b divided by x unit of shares) ll b done by developer based on a set formula (pls refer to latest strata title act on how it computes. Very complex). Land size is one of the Allocation factors but not all. Hope it helps.

Thanks for the info.

Thanks for the info.

Coupons were only given to guest who had rsvp-ed earlier and it was distributed at registration counter...

Thats what i was told last week. Not sure it would b extended.

Sure many german cars in SH n SEG. Hehe

why must be german car? never judge a person by his car

Didn't see many during reunion dinner

Instead, saw Bumi family & few Ang-Moh


This post has been edited by xyyap: Jan 21 2014, 10:43 PM

Any dink spotted??

Majority small family

I can only imagine lovely community. Off to good start, right foot on hopefully

Why dink opted to stay in ciber?

What is dink?

Double income no kid - DINK.