DOCSLIB.ORG

Annual Report 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2019 ANNUAL REPORT 2019 197701003946 (34993-X) about GENTING PLANTATIONS OUR VISION We strive: To become a leader in the plantation industry. To embark aggressively onto value-added downstream manufacturing activities which are synergistic to our core business. To enhance return on the company land bank through property development activities. To adopt a market-driven and customer-oriented approach, with emphasis on product quality and diversity. To strengthen our competitive position by adopting new technologies and innovations. As people are the key to achieving the company’s vision, we are committed to develop our employees and create a highly motivating and rewarding environment for them. OUR CORE VALUES • HARDWORK • HONESTY • HARMONY • LOYALTY • COMPASSION CORPORATE PROFILE Genting Plantations, a subsidiary of Genting Berhad, commenced operations in 1980. It has a landbank of about 64,600 hectares in Malaysia and some 178,200 hectares (including the Plasma schemes) in Indonesia. It owns seven oil mills in Malaysia and four in Indonesia, with a total milling capacity of 580 metric tonnes per hour. In addition, our Group has ventured into the manufacturing of downstream palm-based products. Genting Plantations has also diversified into property development to unlock the value of its strategically- located landbank and has invested significantly in biotechnology in a major effort to apply genomics- based solutions to increase crop productivity and sustainability. www.gentingplantations.com CONTENTS FINANCIAL STATEMENTS: 02 Chairman’s Statement/ 74 Statements of Profit or Loss Penyata Pengerusi/ 主席文告 75 Statements of Comprehensive Income 10 Board of Directors 76 Statements of Financial Position 12 Directors’ Profile 78 Statements of Changes in Equity 21 Management & Corporate Information 82 Statements of Cash Flows 23 Corporate Diary 86 Notes to the Financial Statements 24 Financial Highlights 158 Statement on Directors’ Responsibility 25 Five-Year Summary 158 Statutory Declaration 27 List of Group Properties 159 Independent Auditors’ Report 28 Location of Group Properties OUR CORE VALUES 163 Analysis of Shareholdings 30 Management’s Discussion and Analysis • HARDWORK • HONESTY • HARMONY • LOYALTY • COMPASSION of Business Operations and Group Offices and Operating Units Financial Performance 32 Review of Operations 40 Sustainability Statement 42 Highlights of Group’s Key Sustainability Performance 43 Corporate Governance Overview Statement 56 Audit Committee Report 60 Statement on Risk Management and Internal Control 64 Directors’ Report 02 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the Board of Directors, I am pleased to present the Annual Report and Audited Financial Statements of Genting Plantations Berhad (“the Company”) and its subsidiaries (“our Group”) for the year ended 31 December 2019. FINANCIAL OVERVIEW 2019 proved to be another challenging year for the palm oil industry as it continued to face the negative market dynamics in the previous year, namely the elevated palm oil inventory levels as demand struggled to match the increasing global production. These negative factors along with the prolonged weakness in soybean oil prices caused the crude palm oil (“CPO”) prices to continue languishing for the first nine months of 2019, averaging about RM2,000 per metric tonne (“mt”). However, CPO prices recovered sharply starting from October 2019 and closed the year at a high of RM3,025 per mt from concerns of a weaker production outlook arising from the lagged impact of the severe dry weather conditions that beset Malaysia and Indonesia in the first half and third quarter of 2019 respectively. The commitment by Malaysia and Indonesia to implement the B20 and B30 biodiesel mandates respectively in 2020 further fuelled the price rally with the market expecting a more rapid drawdown in palm oil inventory. Therefore, the year ended on a brighter note with optimism that CPO prices will be sustained until crop production exhibits a recovery from the lagged effects of the dry weather conditions. The sharp rally in CPO prices towards year end was indeed long overdue and contributed to the Group achieving an average CPO price of RM2,048 per mt, narrowing the price gap against the previous year to a 3% year-on-year decline. Production wise, the Plantation Division once again charted a new high with a 5% year-on-year improvement but had to settle with a lower profit contribution in 2019 as the impact of the lower palm products prices eclipsed its higher crop output. The Downstream Manufacturing Division turned in a sterling performance with higher sales volume and capacity utilisation, coupled with improved margins for both its biodiesel and refinery operations. The Property Division performed satisfactorily given the prevailing soft market conditions as it registered higher sales and profit, including the improved contribution from its Premium Outlets®. GENTING PLANTATIONS BERHAD | ANNUAL REPORT 2019 CHAIRMAN’S STATEMENT 03 Overall, the Group posted a 10% year-on-year decline in stores such as Bottega Veneta, Kenzo, Outlet by Club 21, pre-tax profit to RM185 million in 2019 reflective of the Prada, Stuart Weitzman and The North Face. softer performance from our Plantation Division. Meanwhile, our Biotechnology Division is continuing its OPERATIONAL PERFORMANCE efforts on developing commercial solutions and applications to enhance the yield and productivity of oil palm. For our mainstay Plantation Division, in spite of the dry weather conditions mentioned earlier and the reduced DIVIDENDS harvesting areas arising from replanting being carried out at our Malaysian estates, total fresh fruit bunch (“FFB”) Cognisant of the need to maintain an optimal balance production continued to grow by 5% and registered a between rewarding shareholders with reasonable dividends record high of 2.19 million mt in 2019 as our Indonesian while conserving sufficient reserves to support our Group’s operations saw an increase in mature areas and reached a long-term growth aspirations, the Board of Directors has better age profile. recommended a final single-tier dividend of 9.5 sen per ordinary share for the 2019 financial year. If approved by Average CPO price achieved for the year fell 3% to shareholders at the coming Annual General Meeting, the RM2,048 per mt from RM2,117 per mt in 2018. Likewise, final dividend would take the total dividend (including the the average palm kernel (“PK”) price achieved was 30% interim dividend of 3.5 sen) for 2019 to 13.0 sen per ordinary lower at RM1,179 per mt compared to RM1,681 per mt in the share, representing a payout ratio of 82%. In comparison, previous year. the total dividend paid out for the 2018 financial year amounted to 13.0 sen per ordinary share, equivalent to a 2019 was an excellent year for our Group’s Downstream payout ratio of 68%. Manufacturing Division as the biodiesel operations capitalised on the favourable palm oil–gas oil (“POGO”) PROSPECTS spread, which incentivised the export demand for discretionary blending while the refinery operations As we look ahead for the rest of 2020, the long-term continued to expand its market reach by leveraging on its outlook for the palm oil industry remains positive given established marketing channel. These factors garnered palm oil’s unrivalled versatility as a superior resource for higher sales, and correspondingly higher capacity both food and non-food applications, while the continuous utilisation during the year for both of these units. growth in global population and household incomes will further boost its demand. The property market in Malaysia continued to grapple with lacklustre demand amid tight credit conditions and One of the demand catalysts for palm oil in the coming cautious investor sentiment during the year. In view of year is the rise in biofuel consumption from Indonesia with the prevailing subdued sentiment, our Group’s Property its government’s commitment to expand the biodiesel Division adopted a judicious strategy of striking a balance mandate to B30. Separately, Malaysia will implement its between launching new properties catering to the broader B20 biodiesel programme for the transportation sector and market and promoting existing inventories to offload B10 biodiesel for the industrial sector by mid-2021. It was its carrying stocks. To this end, the Property Division reported that the aggregate demand for CPO to be utilised launched 82 units of higher-end residential properties towards the aforesaid two countries’ biodiesel mandates is priced between RM885,000 to RM1.2 million per unit at more than 3 million mt annually. our flagship development, Genting lndahpura, and of which the non-Bumiputra units were fully taken-up. The adopted However, in the nearer term, demand uncertainties have strategy bore fruit and resulted in a higher year-on-year surfaced for the two biggest importers of palm oil with the sales to about RM154 million in 2019. recent outbreak of Coronavirus Disease 2019 (“COVID-19”) in China as well as India’s reported restriction on the import The performance of the Group’s Premium Outlets® of refined palm oil products from Malaysia. These have continued to grow in 2019. Genting Highlands Premium caused a notable pullback in CPO prices after peaking at Outlets® marked its second year of operations with the RM3,114 per mt around mid-January 2020. addition of new brands such as Burberry and Longchamp whilst Johor Premium Outlets® celebrated its official Palm products prices are also expected to track the opening,
Load more

Recommended publications
  • Interim Report
    MANULIFE INVESTMENT -CM FLEXI FUND CONTENTS PAGE 1 General Information 1 2 Manager’s Report 3 3 Policy On Stockbroking Rebates And So Commissions 9 4 Statement By The Manager 10 5 Trustee’s Report 11 6 Statement Of Comprehensive Income 12 7 Statement Of Financial Position 13 8 Statement Of Changes In Equity 14 9 Statement Of Cash Flows 15 10 Summary Of Signicant Accounting Policies 16 11 Notes To The Financial Statements 21 12 Corporate Information 36 MANULIFE INVESTMENT -CM FLEXI FUND 1 GENERAL INFORMATION 1.1 THE TRUST The Fund commenced operations on 23 January 2007 and will continue its operations until terminated as provided under Clause 48.2 of the Deed. 1.2 FUND TYPE / CATEGORY Growth / Mixed Assets 1.3 BASE CURRENCY Ringgit Malaysia (RM) 1.4 OBJECTIVE OF THE FUND The Fund seeks to provide Unit Holders with long-term capital appreciation. Note: Any material change to the Fund’s investment objective would require Unit Holders’ approval. 1.5 DISTRIBUTION POLICY Income distribution (if any) is incidental. 1.6 PERFORMANCE BENCHMARK 50% FTSE Bursa Malaysia Top 100 Index (FBM100) + 50% CIMB 12-month xed deposit (FD) rate. Note: The composite benchmark provides a balanced gauge on the asset allocation of the Fund which can invest up to 98% of its net asset value (NAV) in equities and/or equity-related instruments or xed income instruments. The composite benchmark is only used as a reference for performance gauge purpose. The risk prole of the Fund is not the same as the risk prole of this benchmark.
    [Show full text]
  • Annual Report 2005 1
    CONTENTS Genting Group/Our Mission 1 Bringing You Our Expertise 2 About Genting Group 3 Notice of Annual General Meeting 4 Statement Accompanying Notice of Annual General Meeting 6 Group Corporate Structure 7 Corporate Diary 8 Corporate Information 9 Directors’ Profile 11 Chairman’s Statement / Penyata Pengerusi / 13 Review of Operations Leisure & Hospitality 30 Plantation 42 Property 43 Power 44 Manufacturing 45 Oil & Gas 46 Human Resources 47 Community Services 48 Recognition 50 th Celebrating Genting’s 40 Anniversary 52 Corporate Governance 54 Audit Committee Report 56 Statement on Internal Control 58 Directors’ Report and Statement by Directors 59 Financial Statements Income Statements 64 Balance Sheets 65 Statements of Changes in Equity 66 Cash Flow Statements 68 Notes to the Financial Statements 71 Statement on Directors’ Responsibility 120 Statutory Declaration 120 Report of the Auditors 121 Ten-Year Summary 122 List of Properties Held 123 Group Offices 126 Analysis of Shareholdings 128 Form of Proxy GENTING BERHAD Annual Report 2005 1 GENTING GROUP We are a leading multinational corporation committed to enhancing shareholder value and maintaining long-term sustainable growth in our core business. Our Mission We will: 1. Be responsive to the changing demands of our customers and excel in providing quality products and services. 2. Be committed to innovation and the adoption of new technology to achieve competitive advantage. 3. Generate a fair return to shareholders. 4. Pursue personnel policies that recognise and reward performance and contribution of employees and provide proper training, development and opportunities for career advancement. 5. Be a responsible corporate citizen, committed to enhancing corporate governance and transparency.
    [Show full text]
  • Chapter 2 Political Development and Demographic Features
    Cover Page The handle http://hdl.handle.net/1887/36062 holds various files of this Leiden University dissertation Author: Xiaodong Xu Title: Genesis of a growth triangle in Southeast Asia : a study of economic connections between Singapore, Johor and the Riau Islands, 1870s – 1970s Issue Date: 2015-11-04 Chapter 2 Political Development and Demographic Features A unique feature distinguishing this region from other places in the world is the dynamic socio-political relationship between different ethnic groups rooted in colonial times. Since then, both conflict and compromise have occurred among the Europeans, Malays and Chinese, as well as other regional minorities, resulting in two regional dichotomies: (1) socially, the indigenous (Malays) vs. the outsiders (Europeans, Chinese, etc.); (2) politically, the rulers (Europeans and Malay nobles) vs. those ruled (Malays, Chinese). These features have a direct impact on economic development. A retrospective survey of regional political development and demographic features are therefore needed to provide a context for the later analysis of economic development. 1. Political development The formation of Singapore, Johor and the Riau Islands was far from a sudden event, but a long process starting with the decline of the Johor-Riau Sultanate in the late eighteenth century. In order to reveal the coherency of regional political transformations, the point of departure of this political survey begins much earlier than the researched period here. Political Development and Demographic Features 23 The beginning of Western penetration (pre-1824) Apart from their geographical proximity, Singapore, Johor and the Riau Islands had also formed a natural and inseparable part of various early unified kingdoms in Southeast Asia.
    [Show full text]
  • JOHOR Linked to Singapore at the Tip of the Asian Continent, Johor Is The
    © Lonely Planet 255 Johor Linked to Singapore at the tip of the Asian continent, Johor is the southern gateway to Malaysia. While it’s the most populous state in the country, tourism has taken a back seat to economic development (see the boxed text, p257 ) leaving the state with some great off-the-beaten-path destinations for those who are up to the challenge. Some of Malaysia’s most beautiful islands, within the Seribuat Archipelago, lie off the state’s east coast. They attract their fair share of Singaporean weekenders, but remain near empty during the week. Many of these islands are prime dive territory, with similar corals and fish that you’ll find at popular Tioman Island ( p274 ) but with fewer crowds. These islands are also blessed with some of the finest white-sand beaches in the country, which fringe flashy turquoise waters and wild jungles. For more adventure head to Endau-Rompin National Park or climb the eponymous peak at Gunung Ledang National Park. These jungles offer the same rich flora, (very elusive) fauna and swashbuckling action that visitors flock to experience at Taman Negara in Pahang, but JOHOR JOHOR once again crowds are rare. Anywhere you go to in the state beyond the capital will involve some determination: either by chartering a boat or joining a tour. The effort, however, is well rewarded. HIGHLIGHTS Swimming, diving and beach bumming it to the max in the Seribuat Archipelago ( p266 ) Seribuat Archipelago Discovering the surprisingly charming waterfront and colonial backstreets of Johor Endau-Rompin Bahru
    [Show full text]
  • PROOF of ADVANCING OBJECTIVES Exhibit VIII. A.15.A
    PROOF OF ADVANCING OBJECTIVES Exhibit VIII. A.15.a Genting Group Experience Founded in 1965, the Genting Group is comprised of five publicly traded companies with a combined market capitalization of $40 billion. It is a leading multinational corporation, primarily engaged in developing and operating destination resorts, casinos, hotels and event facilities around the world, including in the Americas, Malaysia, the Philippines, Singapore and the United Kingdom. More comprehensive descriptions and details of various resort properties and operations within the worldwide Genting Group of companies are included as enclosures to this exhibit. Resorts World Casino New York City Location: Queens, New York, USA. The most recent development is Resorts World New York City (RWNY). The facility was constructed in one year, opening in October of 2011 and since that time has consistently been the highest grossing slot operation in the United States. Operating under the jurisdiction of the New York Lottery and subsequently the New York Gaming Commission, RWNY has grossed nearly $2 billion since inception, generating over $800 million for education in the State of New York. Table VIII. A.15.a‐1. Resorts World Casino New York City Property Overview Total Investment $730 million Property Size 183 Acres Gaming Positions/Units 5,005 Gaming Floor 140,000 sqft Hotel Rooms N/A Opening October, 2011 Amenities: Restaurants 9 Bars 4 Showroom/Meeting Space 70,000 sqft Employment: Full Time Equivalents 1,035 Total Employment 1,433 Table VIII. A.15.a‐2. Resorts World Casino New York City Performance Overview ($US in 000’s) Name 2011 2012 2013 3 Yr Total Gross Gaming Revenues 89,823 672,570 785,087 1,547,480 Non‐Gaming Revenues 4,833 53,740 61,675 120,248 Total Revenues: $94,656 $726,310 $846,762 $1,667,728 VIII.
    [Show full text]
  • Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia
    Asian Social Science; Vol. 12, No. 3; 2016 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia Wan Sallha Yusoff1, Mohd Fairuz Md. Salleh2, Azlina Ahmad2 & Norida Basnan2 1 School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia 2 School of Accounting, Faculty of Economics and Management, Universiti Kebangsaan Malaysia, Malaysia Correspondence: Wan Sallha Yusoff, School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. E-mail: [email protected] Received: August 8, 2015 Accepted: January 18, 2016 Online Published: February 23, 2016 doi:10.5539/ass.v12n3p14 URL: http://dx.doi.org/10.5539/ass.v12n3p14 Abstract This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms.
    [Show full text]
  • Geotechnical Engineering Investigations of the Highland Tower Condominium Collapse, Idu Kelang, Kuala Lumpur
    Jil. 21, No.3 (Vol. 21, No.3) May-Jun 1995 KANDUNGAN (Contents) K.R. Chakraborty and I. Metcalfe: Stmctural evidence for a probable Paleozoic unconfonnity at 141 Kg. Kuala Abang, Terengganu Basil' J asin and Taj Madira Taj Ahmad: Some Paleogene planktonic foraminifera from the Lubok 147 Antu Coml?lex, Sarawak Special Communication Nik Ramlan b. Nik Hassan: Geotechnical engineering investigations of the Highland Tower 153 Condominium collapse, Vlu Kelang, Selangor A.G. Gunn: Geochemical exploration for gold mineralisation in Malaysia 163 K . Fletcher: Exploration geochemistry in SE Asia: soils, sediments and potential for anthropogenic effects 165 Nik Ramlan b. Nik Hassan: Geotechnical engineering investigations of the Highland Tower 165 Condominium collapse, Vlu Kelang, Selangor Sian Evans: When is a bivalve not a bivalve?: Tube linings and accessory plates in boring lineages 166 Chow Weng Sum: On-the-job training at the Geotechnical Engineering Office, Hong Kong 169 Annual Geological Conference 1995 - Laporan (RepOlt) 171 Welcoming Speech by Dr. Khalid Ngah, President GSM 172 Ucapan Pembukaan Rasmi - YAB Ketua Menteri Melaka Dato' Mohd Zin Hj. Abdul Ghani 178 Programme 180 Abstracts of Papers 183 Keahlian (Membership) 218 Pertukaran Alamat (Change of Address) 218 Pertambahan Bam Perpustakaan (New Library Additions) 219 Local News 220 Kongres Sa ins dan Teknologi Malaysia 'fJ5 224 The 4th ASEAN Science and Technology Week 225 Strategic Management of Hazardous Waste in Malaysia 226 New Dates for Offshore South East Asia96 227 Underground
    [Show full text]
  • A Way to Create Value Muar, Johor
    INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA KULLIYAH OF LANGUAGES AND MANAGEMENT REPORT OF TOURISM PRODUCT DEVELOPMENT: A WAY TO CREATE VALUE 2019 MUAR, JOHOR PREPARED FOR: DR NUR HIDAYAH BINTI ABD RAHMAN PREPARED BY: Khairunnisa binti Mohd Rosdan 1710922 Fatin Nurul Atikah Bt Husni 151 2762 Nur Faezah binti Mohd Paruddin 171 9350 Farah Najwa binti Sarifuddin 171 3116 Nurul Fatiha binti Amran 171 0176 Nordanish Sofea Illyana Binti Roslim 171 0552 CREATING THE VALUES OF A DESTINATION THROUGH TOURISM PRODUCT DEVELOPMENT: MUAR, JOHOR Table of Contents 1.0 Introduction ..................................................................................................................... 2 2.0 Policy Review ................................................................................................................. 3 2.1 Tourism Development Policies ........................................................................................ 3 3.0 Literature Review Food Tourism ..................................................................................... 6 4.0 Tourism Product Creation ............................................................................................... 8 4.1 Portfolio Strategy ............................................................................................................ 8 4.2 Creation Of Tourism Products ......................................................................................... 9 5.0 Methodology ................................................................................................................
    [Show full text]
  • PRESS RELEASE for Immediate Release GENTING
    Registration No. 196801000315 (7916-A) PRESS RELEASE For Immediate Release GENTING BERHAD ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2020 KUALA LUMPUR, 25 FEBRUARY 2021 - Genting Berhad today announced its financial results for the fourth quarter (“4Q20”) and full year (“FY2020”) ended 31 December 2020. Revenue of the Group in 4Q20 of RM3,048.1 million represented a decline of 8% compared with revenue of RM3,298.8 million recorded in third quarter of 2020 (“3Q20”). Adjusted earnings before interest, tax, depreciation and amortisation (“EBITDA”) however improved to RM1,175.7 million in 4Q20 compared with RM1,095.3 million in 3Q20 mainly due to the Leisure & Hospitality Division and Plantation Division. The improvement in EBITDA of the Leisure & Hospitality Division was mainly due to Resorts World Sentosa (“RWS”) as it rolled out a series of attractive packages and specially curated staycation experiences whilst the increased EBITDA from the leisure and hospitality businesses in United States of America (“US”) and Bahamas was mainly due to higher volume of business recorded following the resumption of Resorts World Casino New York City (“RWNYC”) operations in early September 2020. The Plantation Division’s EBITDA increased in 4Q20 on the back of higher fresh fruit bunches (“FFB”) production and better palm product selling prices. In comparison with the previous year’s corresponding quarter (“4Q19”), the Group revenue declined by 43% from RM5,303.0 million to RM3,048.1 million. The main contributor to the lower revenue was the Leisure & Hospitality Division. Revenue and EBITDA of RWS was lower than that of 4Q19 as it was impacted by regulatory restrictions, border closures and operating capacity due to the Coronavirus Disease 2019 (“COVID-19”) pandemic.
    [Show full text]
  • International Seminar for UNESCO Integral Study of the Silk Roads: Roads of Dialogue: “Manila As an Entrepot in the Trans-Pacific Commerce”
    International Seminar for UNESCO Integral Study of the Silk Roads: Roads of Dialogue: “Manila as an entrepot in the trans-pacific commerce”. 5-6, February, 1991. Manila, The Philippines. Twentieth Century Trengganu: The Royal Birth-Marks of the Melakan Empire Shaharil Talib The picture-book Trengganu Sultanate facing the South China Sea experienced overwhelming change in the last quarter of the twentieth century. Its leap into the global industrial economy was spectacular with the discovery of off-shore oil and gas in the 1970s. Massive infra-structure building in recent decades linked this flood-prone Sultanate of 14 river systems with major ports, commercial and administrative centres of east and west coast Peninsular Malaysia. Equally important advances were made in the agriculture sector. Although production capital arrived in the late nineteenth century1, in 1964 only 20,000 acres were committed to plantation agriculture. Ten years later it grew phenomenally to bring under cultivation a further 210,000 acres and this expansion continued to spiral in the next decade, spearheaded by the massive Trengganu Tengah Development Scheme.2 Standing back from these breath-taking changes, there is yet another unheralded discovery that awaits announcement to the world. The twentieth century Sultanate of Trengganu is the successor of the grand traditions of 15th century Melaka. The cultural heritage of the Melakan trading diaspora never floundered in the marsh-lands of Johor as was made out by leading colonial scholars such as Sir R.O. Winstedt. Indeed, it was only five years ago that an unknown Trengganu Tuhfat al-Nafis (The Precious Gift) manuscript surfaced, which dramatically altered previous interpretations of Malaysian history.3 The discovery of the manuscript placed the Sultanate of Trengganu as the successor of Melaka - the 15th century emporia of the silk route in scholar’s attention to the regal traditions of twentieth century Trengganu Sultanate, which distinctly bore the four hundred year-old Royal birth-marks of Melaka.
    [Show full text]
  • This Circular Is Important and Requires Your Immediate Attention
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant or other adviser immediately. Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused Part A of this Circular prior to its issuance as this is an exempt circular pursuant to Practice Note 18 of the Main Market Listing Requirements of Bursa Securities. Bursa Securities also has not perused Part B of this Circular as the Company has been selected by Bursa Securities as one of the eligible listed issuers under the Green Lane Policy. Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from, or due to your reliance upon, the whole or any part of the contents of this Circular. GENTING PLANTATIONS BERHAD Registration No. 197701003946 (34993-X) (Incorporated in Malaysia) PART A STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY PART B CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE The resolutions in respect of the above proposals will be tabled as special business at the Forty-Third Annual General Meeting (“43rd AGM”) of Genting Plantations Berhad (“GENP”). The 43rd AGM of GENP will be held fully virtual at the Broadcast Venue, 25th Floor, Wisma Genting, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia on Tuesday, 1 June 2021 at 10.00 a.m.
    [Show full text]
  • Directives on the List of Approved Securities
    PARTICIPATING ORGANISATIONS’ CIRCULAR Date : 31 January 2012 No : R/R 3 OF 2012 DIRECTIVES ON THE LIST OF APPROVED SECURITIES Please be advised that the list of ‘RSS Approved Securities’ issued pursuant to Rule 704.2(4) of the Rules of Bursa Securities Bhd vide R/R 5 OF 2011 for purposes of regulated short selling, is hereby amended with the inclusion of 12 new approved securities into the above list and the removal of 12 existing approved securities from the above list. The updated list of ‘RSS Approved Securities’ is appended herewith as ‘Annexure 1’. With the updated list, there are altogether 100 approved securities for regulated short selling. The details of the 12 new approved securities included into the list of ‘RSS Approved Securities’ and the 12 existing approved securities removed from the list of ‘RSS Approved Securities’ are set out in Annexure 1A appended herewith. The updated list of ‘RSS Approved Securities’ mentioned above shall take effect from 9 February 2012. This circular is available at: http://www.bursamalaysia.com/website/bm/regulation/rules/bursa_rules/bm_securities.ht ml In the event of any queries in relation to this circular kindly contact Sallehuddin at 20347066 or Syafiq at 20347361. RISK MANAGEMENT MARKET OPERATIONS Annexure 1 RSS APPROVED SECURITIES No STOCK CODE STOCK LONG NAME 1 5185 AFFIN HOLDINGS BERHAD 2 5099 AIRASIA BERHAD 3 5115 ALAM MARITIM RESOURCES BERHAD 4 2488 ALLIANCE FINANCIAL GROUP BERHAD 5 1015 AMMB HOLDINGS BERHAD 6 6888 AXIATA GROUP BERHAD 7 3395 BERJAYA CORPORATION BERHAD 8 1562 BERJAYA
    [Show full text]