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GENTING GROUP We are a leading multinational corporation committed to enhancing shareholder value and maintaining long-term sustainable growth in our core businesses. 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 our shareholders. 4. Pursue personnel policies which recognise and reward performance and contributions 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. CONTENTS Page Page Genting Group/Our Mission Audit Committee Report 44 Corporate Profile 1 Statement on Internal Control 46 Tribute to Our Founder, the late Tan Sri (Dr.) Lim Goh Tong 2 Directors’ Report and Statement by Directors 47 Bringing You Our Expertise 4 Financial Statements: Genting Premier Brands 5 Income Statements 53 Group Corporate Structure 6 Balance Sheets 54 Corporate Diary 7 Statements of Changes in Equity 55 Corporate Information 8 Cash Flow Satements 58 Directors’ Profile 9 Notes to the Financial Statements 61 Chairman’s Statement / Penyata Pengerusi / 主席文告 12 Statement on Directors’ Responsibilities 114 Review of Operations: Statutory Declaration 114 Leisure & Hospitality 23 Report of the Auditors 115 Plantation 33 Ten-Year Summary 116 Property 34 List of Properties Held 117 Power 35 Analysis of Shareholdings 121 Oil & Gas 36 Notice of Annual General Meeting 123 Recognition 37 Statement Accompanying Notice of Annual General Meeting 126 Corporate Social Responsibility 38 Form of Proxy Corporate Governance 41 Group Offices Genting Berhad Annual Report 2007 1 CORPORATE PROFILE www.genting.com Asia’s leading multinational corporation The Genting Group is Malaysia’s leading multinational corporation and facilities and endless entertainment - all in one location. At 2,000 metres one of Asia’s best-managed companies. The Group has over 27,000 (6,000 feet) above sea level, it enjoys fresh cool climate all year round employees, 11,000 acres of prime resort land and more than 80,000 and splendid views of its natural surrounding highlands. One of its hotels, hectares of plantation land. First World Hotel is the world’s largest hotel with 6,118 rooms (officially acknowledged by Guinness World Records and Ripley’s Believe It Or The Genting Group is the collective name for Genting Berhad and its Not). subsidiaries that comprises four listed entities with a combined market capitalisation of about RM62 billion (US$19 billion). Genting Highlands Resort is owned and operated by Resorts World Bhd (“Resorts World”). In addition, Resorts World owns and manages the The Group via Genting International P.L.C. (“Genting International”) Awana chain of hotel resorts in Malaysia (www.awana.com.my), comprising (www.gentinginternational.com) is a leading resort development specialist Awana Genting Highlands Golf & Country Resort, Awana Kijal Golf, Beach with over 20 years of international gaming expertise and global experience & Spa Resort, Terengganu and Awana Porto Malai, Langkawi. in developing, operating and/or marketing internationally acclaimed casinos and integrated resorts in different parts of the world, including Australia, One of the country’s lowest cost producers of palm oil, the Genting Group’s the Americas, Malaysia, the Philippines and the United Kingdom (“UK”). plantation arm, Asiatic Development Berhad (www.asiatic.com.my), has over 80,000 hectares of land in Malaysia and Indonesia. It has some In 2006, Genting International won a competitive tender to build and property development projects in the states of Johor, Kedah and Melaka operate an integrated resort in Singapore’s Sentosa Island, called Resorts and has a joint venture project developing more land in Indonesia into oil World at Sentosa. To be opened in 2010, this integrated resort will house palm plantation. Universal Studios Singapore, Quest Marine Life Park - the world’s largest oceanarium and the offices of Mark Burnett Productions Asia. Asiatic through its subsidiary Asiatic Centre for Genome Technology Sdn Bhd (“ACGT”), has also formed a joint venture with US-based Genting International is also the largest casino operator in the UK where its Synthetic Genomics, Inc. In line with its aim to be a world-class subsidiary, Genting Stanley, has a total of 46 casinos - 41 in provinces and centre of excellence in genomic science in Malaysia, ACGT is 5 of the most prestigious casinos in London (i.e. Crocksford Club, Maxims receiving technical assistance from the highly acclaimed US-based Casino Club, The Colony Club, The Palm Beach and London Mint). J. Craig Venter Institute to explore the use of genomics-based techniques to improve yields and profit streams of oil palm. The Genting Group was founded in 1965 by the late Tan Sri (Dr.) Lim Goh Tong with the development of a beautiful highlands resort, named Genting Operating in Malaysia, India and China, the Group’s Power Division is Highlands Resort (www.genting.com.my). Located at the peak of Mount Ulu a considerable force in the industry with a net attributable capacity of Kali, 2,000 metres above sea level and 58 kilometres from Kuala Lumpur 1,450MW. Its two key assets are the 720MW Kuala Langat gas-fired plant in Malaysia, it is now one of the world’s leading integrated entertainment in Malaysia and the 724MW Meizhou Wan coal-fired plant in Fujian, China. resorts, attracting 19.6 million visitors in 2007. In March 2007, the Group divested its paper and packaging businesses to focus on its other core businesses. Under the leadership of Tan Sri Lim Kok Thay, the Genting Group continues to grow from strength to strength. His commitment to excellence, innovation The Oil & Gas Division via Genting Oil & Gas Limited (www.gentingoil.com) and growth has resulted in the birth of premier global brand names. is the only private Malaysian oil and gas production and exploration company. In China, the division operates an onshore-enhanced recovery Genting Highlands Resort was voted the World’s Leading Casino Resort oilfield under a Petroleum Contract with Sinopec. In Indonesia, the division (2005 and 2007) and Asia’s Leading Casino Resort from 2005 to 2007 by has interests in three Production Sharing Contracts signed with BPMIGAS World Travel Awards. (Indonesia’s oil and gas supervisory body). The resort offers 6 hotels with 10,000 rooms, over 50 fun rides, 170 dining The Genting Group is committed to continue to grow strongly as a leading and shopping outlets, mega shows, international business convention Asian multinational corporation. 2 Genting Berhad Annual Report 2007 Genting Berhad Annual Report 2007 3 5"/43* %S -*.(0)50/( 5 3 * # 6 5 & &EBRUARYn/CTOBER 4HESTORYOF,IM'OH4ONG FOUNDEROFTHE'ENTING'ROUP ISAUNIQUE /N !UGUST HE BEGAN CONSTRUCTING THE ACCESS ROAD TO THE INSPIRING-ALAYSIANSUCCESSSTORY(EARRIVEDIN-ALAYSIAINASA SUMMITOF-OUNT5LU+ALITHROUGHTHEDENSETROPICALRAINFORESTAND PENNILESSYOUNGMANWITHOUTANYTERTIARYEDUCATIONANDWENTONTO RUGGED MOUNTAINOUS TERRAIN (E DEVOTED ALL HIS TIME MONEY AND CREATETHE'ENTING'ROUPnONEOF!SIASLEADINGCONGLOMERATES RESOURCES EVENRISKINGHISLIFESEVERALTIMESTOCOMPLETETHISCRUCIAL ACCESSROADWITHINTHREEYEARS INSTEADOFTHEORIGINALSIX YEARTARGET (E WAS OFTEN NAMED AMONGST THE WORLDS MOST SUCCESSFUL !SIAN ENTREPRENEURS 4O MANY HE WAS THE LEGEND WHO AT THE AGE OF /N-ARCH WHENTHEFOUNDATIONSTONEFORTHEFIRSTHOTELWAS EMBARKEDONAVISIONOFTURNINGAREMOTEMOUNTAININTOTODAYSHIGHLY LAID -ALAYSIASFIRST0RIME-INISTER4UNKU!BDUL2AHMAN0UTRASAIDTHE SUCCESSFUL 'ENTING (IGHLANDS 2ESORT n -ALAYSIAS PREMIER TOURIST 'OVERNMENTWOULDCONSIDERACASINOLICENCETOFURTHERDEVELOPTOURISM DESTINATION INTHISREMOTEAREA/N!PRIL -ALAYSIAGRANTEDITSFIRSTANDONLY CASINOLICENCETO'ENTING (ISLIFESTORYANDVALUESAREANINSPIRATIONTOALL(EDAREDTODREAM DREAMSANDHADTHECOURAGEANDCONVICTIONTOTURNTHEMINTOREALITY(E /N-AY 'ENTING(IGHLANDS2ESORTOPENEDFORBUSINESSAND DIDNOTSTUDYBEYONDPRIMARYSCHOOL YETWASFEARLESSINTURNINGLIFES BECAMEAGREATSUCCESSSTORY4ODAY ITIS-ALAYSIASPREMIERINTEGRATED CHALLENGESINTOOPPORTUNITIES(ISDISTINCTENTREPRENEURIALSTYLEBLENDED RESORTANDTOURISTDESTINATIONATTRACTINGMILLIONVISITORSIN! STREET SAVVY WITH WELL TIMED RISK TAKING AND RELENTLESS HANDS ON VIBRANT @#ITY OF %NTERTAINMENT n IT OFFERS SIX HOTELS INCLUDING THE MANAGEMENT(EHADAHUGEAPPETITEFORWORK VACATIONWASNOTINHIS WORLDSLARGESTHOTEL WITHTENTHOUSANDROOMS EXHILARATINGFUNRIDES VOCABULARY"UTABOVEALL HEWASEXTREMELYHUMBLE OFTENADDRESSING SUPERB DINING AND SHOPPING EXPERIENCES MEGA SHOWS AND HIMSELFASASIMPLETRADITIONAL#HINESEBUSINESSMAN INTERNATIONALCONVENTIONFACILITIES ,IMWASBORNININ!NXIIN#HINASSOUTHERN&UJIANPROVINCE(E &ROMTHEHUMBLEBEGINNINGSOFA ROOMHOTEL ,IMDEVELOPEDHIS WASTHEFIFTHCHILDANDSECONDSONOFAVEGETABLE SEEDTRADER7HENHIS 'ENTING 'ROUP INTO A GLOBAL EMPIRE SPANNING RESORTS CRUISE SHIPS FATHER DIED YEAR OLD ,IM LEFT SCHOOL AND TOOK OVER THE TRADING PLANTATIONS POWER GENERATION AND OIL AND GAS EXPLORATION AND BUSINESS HAWKINGHISGOODSALONGCOUNTRYROADS PRODUCTION4HE'ENTING'ROUPISNOWKNOWNASONEOF!SIASLEADING AND BEST MANAGED CONGLOMERATES )N THE 53 ,IM BANKROLLED THE $ETERMINED TO SUPPORT HIS MOTHER AND SIBLINGS FINANCIALLY AT HE -ASHANTUCKET0EQUOT4RIBEIN#ONNECTICUTTOCREATEONEOFTHEWORLDS VENTUREDTOWORKIN-ALAYA3TARTINGASACARPENTER HEWENTONTOTRADE LARGESTCASINOCOMPLEXES &OXWOODS2ESORT#ASINO IN USED EQUIPMENT AND MACHINERY INVESTING PROFITS EARNED INTO SMALL
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  • For Sale - Kawasan Perindustrian Tengas, Hulu Yam, Batang Kali, Hulu Selangor, Hulu Yam, Batang

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    iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - Kawasan Perindustrian Tengas, Hulu Yam, Batang Kali, Hulu Selangor, Hulu Yam, Batang Reference No: 101882276 Tenure: Leasehold Address: jalan Tengas, Hulu Yam, Batang Land Title: Industrial Kali, 44300, Selangor Property Title Type: Individual State: Selangor Posted Date: 13/08/2021 Property Type: Industrial Land Asking Price: RM 29,500,000 Land Area Size: 41.76 Acres Land Area Price: RM 706,417.62 per Acres Name: Crystal Yew Company: Crystal Realtors Sdn Bhd (Balakong) Email: [email protected] Hulu Yam Batang Kali Selangor 41.76 acres converted industrial land for sale (tanah industry) KAWASAN PERINDUSTRIAN TENGAS, HULU YAM, SELANGOR Negeri: Selangor Daerah: Ulu Selangor Mukim: Ulu Yam Luas Sementara: 16.9 Hektar (41.76 acres) Kategori Penggunaan Tanah: Perusahaan (Industry) Pajakan 99 tahun berakhir pada 25 Mei 2093 (74 yrs balance) SYARAT-SYARAT NYATA Perusahaan (Industry) - Tanah flat dan ada jalan masuk bertar - Bersebelahan Poh Kin Motor Works, Averex Chemicals Sdn Bhd, Riyaland Sdn Bhd, etc. - 3km ke Pekan Ulu Yam - 5km ke Pekan Batang Kali Asking Rm 29.5Mil .... [More] View More Details On iProperty.com iProperty.com Malaysia Sdn Bhd Level 35, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Tel: +603 6419 5166 | Fax: +603 6419 5167 For Sale - Kawasan Perindustrian Tengas, Hulu Yam, Batang Kali, Hulu Selangor, Hulu Yam, Batang.