BULLETIN

Vol 31 (JANUARY 2011) KDN No: PP 16894/06/2011(029867) CORPORATE NEWSLETTER OF BINA PURI GROUP OF COMPANIES

2011 ABRIGHTSTARTFORBINAPURIA BRIGHT START FOR BINA PURI

News Highlights continue to page 25 Editorial

GROUP MANAGING DIRECTOR’S MESSAGE

The Year 2010 occasion with performances from the Brunei and Group, we give plenty of both, but it is up to the 2010 was a momentous year in that we achieved Sabah Team. Overall, except for some minor next and younger batch to take the initiative record turnover, secured record new projects in hiccups, our celebration was a most successful given by working faster and be more reactive, excess of over RM2billion and at the same time occasion with guests from Brunei, Thailand, with objectives being met . If not, the opportunity celebrated our 35th Anniversary. Pakistan, Indonesia, India and all across will just pass you by. Malaysia. The Group spent a huge amount of The Group is looking to hit turnover in excess of resources for the celebration but it was all worth In every project, there are 101 reasons, leakages RM1.2 Billion, and increase of more than 50%, it. We look forward to a bigger and better and problems why a project is delayed and while looking at a minimum net profit increase celebration in 5 years time!! cannot be implemented on time, whether it is due of more than 70% as compared to 2009. to problems stemming from the weather, Transformation of Bina Puri Group financial, personnel from within or outside the As our country is embarking on the Economic team, regulatory issues or so on. But we cannot Transformation Plan under our Prime Minister, be listening to all these reasons day-in-day-out. Bina Puri too will be undergoing similar Take pro-active measures to clear the issues and transformation starting with the change of our barriers, don’t be a story teller of the difficulties logo after 35 years. This signifies that nothing is faced and be happy with it. Work Fast and Smart, forever. The Group must be ready to embrace Ensure Datelines are Met! I always mention that changes to new challenges and environment to we must work fast and smart like the stay relevant in the industry which we operate in. Singaporeans and Hong Kong-ers. By their Change and improvisation is crucial for survival. standards, the pace at which we work is The new logo also encourages us to be more considered too “relaxed” for them. Emails are not vibrant while scaling new heights. responded within the same day, datelines given are not met yet we still leave for home early, As well as image and branding, we have also documents are processed within a few days ventured into the power sector via our instead of the day itself and many other investment of three units of 2MW power plants examples, often with the excuse that they are in Indonesia. We believe this sector is lucrative in carrying too much workload. But at the same that it provides us with recurring income. It also time, we ask for better pay and bigger bonus! allows us to tap into a new frontier with Remember, with high pay comes high Indonesia experiencing phenomenal growth in productivity with improved quality of work. their economy. I hope with the new year, everybody can take it upon themselves to eradicate all red tapes and Our rental sharing venture with Chha Yong excuses of 2010 and try to be 100% more Association is also another form of ventureship efficient. With the KPIs in place, we hope that Our achievements during the year can be that provides fixed recurring rental income to the improvement will be seen. reflected by the Group’s share price, reaching its Group. It is the reputation and goodwill highest since 2004. generated from the Group in that the “Hakka Integration for Interests within the Clan” is willing to co-operate with us. Group We secured two landmark projects in the country As we are doing business cross borders beyond with the New KLIA and the Ampang LRT Our venture into the hospitality sector in Brunei Malaysia’s shores, the Group must make the extension. These two projects have raised the via the privatisation of the 3 blocks of Apartment effort to first “cross border” within the Group’s profile of the Group in Malaysia. Delivery and from Brunei Economic Development Board in Departments, Subsidiaries and Member implementation of these two projects are crucial Bandar Sri Begawan is another example of the Companies. I have stressed time and again that as all eyes will be on us. I believe the team under Group’s transformation plan into new sectors. the interest of the Group must come first above the stewardship of Y.Bhg Datuk Henry Tee can This was the general view of a Senior anything else but until today, I do not see the achieve the objectives and project delivery set Management meeting and survey conducted by efforts and priority made to synergise benefits for out. the Group sometime during 2010. (Please refer member companies within the Group. page 3 for the chart.) 35th Anniversary Celebration For example, do we promote and market our On the Anniversary, I would like to congratulate To Make Things Happen products at Maskimi Polyol to our clients? Or do the committee members and staff who Commitment, passion and ownership is very you attempt to offer similar staff within your contributed towards making our celebration in important in ensuring that projects are carried department to other divisions/subsidiaries who Kuala Lumpur and Kota Kinabalu a most joyous out successfully. One person who carries these face the vacuum knowing that your department occasion indeed. In organising our celebration, traits within our Group is Mr Lim Bok Tay, our could still manage or can find similar staff as a I saw teamwork and togetherness that COO of Operations. He carries the interests and replacement? I believe none in our Group have exemplifies the true spirit of Bina Puri culture.We burden of the Group as a personal challenge and done that so far. It is always the Senior even had the senior management getting will find every means to accomplish the tasks and Management who push for the involved starting from our very own Founder objective given. He is always looking to tell me transfer/secondment. This is not a healthy Director, Dr Tony Tan who serenaded us with his “Tan Sri, don’t worry I will take care for you”.And attitude in that by being selfish, you could ballads and our East Malaysian COO, John Chung most of the time, it is resolved. actually be inhabiting the growth and potential being involved in the musical which contributed of your staff. And when staff are released to to the song “ONE Bina Puri”. But after so many years, who and where are the other companies/departments, in most cases it is new “Lim Bok Tay’s”? We must make sure because the staff is an underperforming staff Special mention must go to the Kota Kinabalu adequate training and opportunities are given in which nobody wants. I hope for improvement in celebration which made it a very personable grooming the next batch to takeover. In the this area. Message

What is in Store for 2011? We hope that the property sector will contribute as in 2010, due to timing and planning, there was almost no contribution from this sector.The Property Team must work fast and diligently to implement and rush out the launching for Kiara 30, Straits Residence and Medini in Johor, Jesselton Villa in Kota Kinabalu and Puchong Development. With total GDV in excess of RM700million, if we can be creative in selling our products over the next three years, the potential earnings to the Group would be substantial.

Our LATAR Highway is on target to be ready by April 2011 with toll collection to commence in June 2011. After close to 14 years, we have finally realised this long awaited project. The construction sector is one of the most exciting and talked about sector right now in that the ETP promoted by our Prime Minister means that construction will be one of the major beneficiary. All the catalytic projects requires When we closed 2009 securing close to RM1.6 "As we draw towards Chinese New Year, I would construction and with this, Bina Puri will billion new projects, I challenged the team to do like to wish all those celebrating it "Gong Xi Fa definitely be involved in one way or another. better in 2010 even though we had a high base Chai"!! May the prosperity we go through to work with. But not only did we match 2009, during the festive season be extended to the Saudi Arabia could turn out to be the next we exceeded expectations by almost 30%.As we Group in the coming year ! growth sector for construction within the Group. embark on 2011, we hope that it will be an We had secured close to RM20million in new equally eventful year.As always, with hard work, projects in 2010 and we hope to hit bigger perseverance and adopting the spirit of “Making Senator Tan Sri Datuk Tee Hock Seng, JP projects within that region. Things Happen”, I believe Bina Puri can thrive Group Managing Director and make headlines once again! BULLETIN BOARD ADVISOR SABAH/SARAWAK OFFICE Low Yoke Lan PUBLISHED BY: YB Senator Tan Sri Patricia Pereira Wyman Seng Bina Puri Holdings Bhd, 88, Datuk Tee Hock Seng, JP Yap Siew Lai Wisma Bina Puri, Jalan Bukit THAILAND Anne Tan Idaman 8/1 Selayang, Selangor EDITORIAL BOARD Simaporn Sumklang Darul Ehsan CHAIRMAN SUPPORTING WRITERS Tel: 603-6136 3333 Matthew Tee Kai Woon HUMAN RESOURCES Siti Zaharah Madlan Fax: 603-6136 9999 DEPARTMENT Suraya Mat Arif Email: [email protected] CHIEF EDITOR Elaine Keh Kannika Wong Website: Surati Sujor Joanne Ng Cheah See See www.binapuri.com.my Jane Lee Ir. Hj Azhar Hj Mohd Ali HQ Jenny Tan Jacob Jang Ifang Nor Paizah Abd Wahab Innes Chen Euphemia Thien Mohd Yusof Kasiron Cheng Kai San Dayangku Norazahemi Pg Mohd Badrun Arshad Sia Bee Yoke Abidin Ronaiza Abd Ghani 3 Message

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SIGNING CEREMONY OF THE HAVEN LAKESIDE

RESIDENCES, IPOH, PERAK By Mohd Badrun Arshad

On 19th October 2010, Bina Puri Holdings Bhd secured the development of The Haven Lakeside Residences, a 26-storey of 489 units in Tambun, Ipoh, Perak. The signing ceremony was between Bina Puri Holdings Bhd who teamed up with Beijing Construction Engineering (M) Sdn Bhd to undertake the project development awarded by Superboom Projects Sdn Bhd.

A JV company, Bina Puri-Beijing Construction JV was established to carry out the project worth RM82.3 million.

In the ceremony, Bina Puri was represented by its Chairman YBhg. Dato’ Ir Wong Foon Meng, The exchange of document between while Beijing Construction Engineering was Dato’ Ir Wong Foon Meng and Mr Peter Chan witnessed by both parties represented by its Chairman Mr. Zhang Wen Long, whilst Mr. Peter Chan represented Superboom Projects Sdn Bhd.

Dato’ Ir Wong said in his speech, “ We are very excited about this development. The Haven is poised to be the most luxurious condo in Perak and this would boost the Malaysian property sector and set a new benchmark for high-end properties in Ipoh, Perak.” SIGNING CEREMONY WITH THE ASSOCIATION OF CHHA YONG FAY CHOON KUAN (SELANGOR &

FEDERAL TERRITORY) By Mohd Badrun Arshad

Bina Puri Properties Sdn Bhd signed an agreement with the Association of Chha Yong Fay Choon Kuan (Selangor & Federal Territory) on an investment of a two-acre development at Jalan Pasar, Kuala Lumpur. The development consist of two blocks of 24 units of four-storey shop offices and one unit of three-storey shop offices. Other facilities included recreational halls, retail shops, office units, and basement parking. The signing ceremony took place at the Bankers’ Club, Kuala Lumpur on 24th November 2010. Bina Puri Properties was represented by its Group Managing Director YB Senator Tan Sri Datuk Tee Hock Seng JP, while the association was represented by its Chairman Mr Yong Kian Yin. There were about 100 guests who attended From L-R Dr.Tony Tan Cheng Kiat, YB Senator Tan Sri Datuk Tee Hock Seng JP, the ceremony. Mr Yong Kian Yin and Mr Chiew Hon Keong

YB Senator Tan Sri Datuk Tee Hock Mr Yong Kian Yin welcoming everyone The signing ceremony Seng, delivering his speech

JANUARY 2010 BULLETIN BINA PURI 5 Corporate

MOU BETWEEN BINA PURI POWER NEPAL AND

RICHMOND HOLDINGS PVT. LTD By Mohd Badrun Arshad

Bina Puri Power Nepal Pvt. Ltd. signed a Memorandum of Understanding (MoU) with Richmond Holdings Pvt. Ltd from Nepal on 21st December 2010 at Wisma Bina Puri in Selangor.The signing between the two parties is to cooperate in securing projects in Nepal.

Bina Puri Nepal Sdn Bhd was represented by the Group Managing Director YB Senator Tan Sri Datuk Tee Hock Seng JP while Richmond Holdings Pvt. Ltd. was represented by Mr.Keshun Dhoj Karki.

Bina Puri is in an aggressive mode with its expansion to the overseas market. Nepal, which is located in the Himalayas with approximately 30 million population, is politically and economically stable that practices an open-door policy to investors like Bina Puri. From L-R Mr Ooi Tat Lean, YB Senator Tan Sri Datuk Tee Hock Seng, Dato’ Ir Wong Foon Meng, Mr Keshun Dhoj Karki and Mr Ratan Kumar Goyal

The signing ceremony taking place at the Exco floor,Wisma Bina Puri Group photo after the signing ceremony

VISIT BY THE MINISTER TO THE 2,000 HOUSES PROJECT SITE, KUALA BELAIT, BRUNEI DARUSSALAM

By Dayangku Norazahemi Pg Abidin

On 30th October 2010, the Minister of Development of Brunei, Yang Berhormat Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman made a site visit to the 2,000 Houses project site at Kuala Belait, Brunei. The visit was to view the physical progress of the project.

Group photo with the delegation. Sitting in the pictures are Datuk Henry Tee Hock Hin (4th from L) and Dato’ Ali Abdullah (5th from R) who welcomed the Minister and his delegation

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LATAR AT THE 8TH MALAYSIAN ROAD CONFERENCE By Mohd Badrun Arshad KL-Kuala Selangor Expressway participated in the road engineering exhibition in conjunction with the 8th Malaysian Road Conference from 10th-13th October 2010 at Petaling Jaya, Selangor. The main objective of the participation was to publicise the new expressway which is expected to be opened to the public in April 2011.

Meanwhile, on 12th October 2010, a group of 30 conference participants had a study tour to the YB Dato’ Shaziman Abu Mansor, Minister of Works Malaysia (2nd from L) who visited our exhibition booth site of the LATAR. at the 8th Malaysian Road Conference.

En Amran Amir entertaining visitors at the booth Group photo shoot by the participants with the Chairman of LATAR, Y.Bhg Dato’ Ir. Hj Razali Othman (4th from R standing 1st row)

GMD ATTENDED THE LAUNCH OF BOOK WRITTEN BY YB DATUK DR WAN JUNAIDI TUANKU JAAFAR

GMD was among the many guests Dr Wan Junaidi’s book titled Evolusi attending the launch of book Parlimen dan Evolusi Speaker (The written by the Deputy Speaker Evolution of Parliament and the YB Datuk Dr Wan Junaidi Tuanku Speaker), would help to expand the THE SENATE OF MALAYSIA Jaafar in Parliament on 13th public’s knowledge on the roles December 2010. The book was and procedures in Parliament. ENHANCEMENT launched by the Deputy Prime Minister of Malaysia, YAB Tan Sri PROGRAMME 2010 Muhyiddin Haji Mohd Yassin. Bina Puri’s GMD who is also a member of Senate attended Senate of Malaysia Enhancement Programme on 18th July 2010 in Kuala Lumpur. The programme was aimed at enhancing the quality and integrity of the senators. GMD ACTIVITIES PERMATA SENI CONCERT ATTENDED BY GMD OFFICIAL VISIT BY SENATORS TO YB Senator Tan Sri Datuk Tee Hock PERMATA Seni, under the Seng, JP was among the 1,300 patronage of the Malaysia Prime MEDIA PRIMA BERHAD people who attended the PERMATA Minister’s wife Datin Seri Rosmah Seni concert at Istana Budaya, Mansor, is an educational On 17th December 2010, YB Senator Kuala Lumpur on 15th December programme aimed at developing Tan Sri Datuk Tee Hock Seng, JP with 2010. the artistic talents of children aged other members of the Senate between 6 to 12. accompanied the President of the The concert was organised by the Senate, YB Tan Sri Abu Zahar bin Information, Communication and 150 children from all around the Dato' Nika Ujang on an official visit Culture Ministry of Malaysia. country performed in the concert to Media Prima Berhad, Malaysia's which was divided into three integrated media investment categories – dance, choir and company. music. JANUARY 2010 BULLETIN BINA PURI 7 Corporate

17TH ITS WORLD CONGRESS IN BUSAN, KOREA By Ir Hj Azhar Ali

YB Senator Tan Sri Datuk Tee Hock Seng, YBhg Dato’ Mohamed Husin, Dato’Amir and some of the Malaysian YB Senator Tan Sri Datuk Tee Hock Seng and YBhg delegates Dato’ Mohamed b Husin, Dato’ Amir and Ir Hj Azhar at the BOD meeting just before it started. who is also the Deputy Director General 1 of the Maritime Affairs, Mr Chung Jong-Hwan and the Public Works Department Malaysia, at the Mayor of Busan Mr Hur Nam-Sik. The Congress 17th ITS World Congress held in Busan, Korea. lasted for four days with an exhibition from Prior to the conference, a meeting of ITS Asia- manufacturers and suppliers of ITS equipment Pacific Board of Directors was held and amongst being shown at the Busan International Trade others on the agenda was the voting for the Center.In a round table discussion with transport venue of the next Asia Pacific ITS congress. The ministers from 16 countries in the congress, eight three cities bidding for the venue were, New key-messages were adopted, among which were Delhi India, Hong Kong and Kuala Lumpur to agree to cooperate with each other to expand Malaysia. YBhg. Dato’ Mohamed b Husin, YB and spread ITS and continuously developing new Senator Tan Sri Datuk Tee Hock Seng together ITS technologies. It was also agreed that mutual with Dato’ Amir Kassim and Ir Hj Azhar Ali exchanges of ideas and information should be represented the country at the meeting. With a consistently made to discuss specific cooperation well delivered presentation by Dato’ Amir and to narrow the ITS gap between the advanced and YB Senator Tan Sri Datuk Tee Hock Seng going the PR skills and abilities of all the four of them, developing nations. through the exhibition booths. Kuala Lumpur Malaysia won the bid to host the 12th ITS Asia-Pacific Forum in 2012. Bina Puri has been invited to sit in the main On 25th October 2010, a delegation of 20 organizing committee for the up coming participants from Malaysia represented the The congress was officiated by Mr Lieu Chullho, 12th ITS Asia Pacific Forum in Kuala Lumpur, country through the Intelligent Transport System Chairman of the organizing committee and also through Ir Hj Azhar Ali, our COO (Operations). (ITS) Association of Malaysia, headed by its present delivering the opening speeches were President, YBhg Dato’ Ir. Mohamed bin Husin, the Korean Minister for Land, Transport And GENERAL ASSEMBLY IN KOTA KINABALU, SABAH By Patricia Pareira A general assembly was held on 18th August 2010 at Bina Puri Kota Kinabalu regional office.About 100 guests including the staff attended the event. Besides updating staff on the company’s activities, the assembly was an appreciation to the staff with presentation of birthday gifts, prizes to sports winners and a breakfast party celebration. Y.Bhg Dato Ir.Wong Foon Meng delivering his speech

Students receiving their Education Incentives Award Ikrar reading by the loyal employees from YB Senator Tan Sri Datuk Tee Hock Seng JP

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“FUTURE HOMES FOR THE NATION” BINA PURI (B) SDN BHD IN PROPERTY FAIR IN BRUNEI DARUSSALAM By Jacob Jang Ifany and Cathrine Anson Bina Puri (B) Sdn Bhd participated in a property exhibition organized by the Housing Development Department, Ministry of Development of the Brunei Darussalam at the Atrium, The Mall on 15th-17th Jan 2011. “Future Homes For The Nation”, was the theme of the property exhibition and it was officiated by the Minister of Development of Brunei Darussalam, Yang Berhormat Pehin Orang Kaya Indera Pahlawan Dato’ Seri Setia Awang Hj Suyoi bin Hj Osman. Y.Bhg Datuk Ali bin Abdullah, Chairman of Bina Puri (B) Sdn Bhd led our Bina Puri team to promote the property units in Kota Kinabalu, Sabah and Brunei (Ong Sum Ping Service Apartment) to the visitors. Other senior management who attended the exhibition were, Mr John Chung, Mr Khor Seng Hock, Mr Vincent Tee and Mr Jacob. Our Team Members with the Minister of Development, Brunei Darussalam, YB Pehin Orang Kaya Indera Pahlawan Dato Seri Suyoi bin Hj Osman

Mr Khor Seng Hock briefing the Minister.Also in the picture is Datuk Ali From L-R John Chung, Vincent Tee, Khor Seng Hock, Y.Bhg Datuk Ali bin Abdullah Abdullah, Chairman Bina Puri (B) and Jacob SENIOR MANAGEMENT REVIEW Recently the management conducted a review session internally within the senior management of Bina Puri Group of Companies. Prior to this, a survey was conducted among the senior management in May 2010 to review the performances of the Group. The findings were presented and briefed by Mr Matthew Tee, Executive Director, BPHB during the session.

This exercise is aimed at re-visiting and review ing the performance of the group and to act as a platform to brainstrom and plan our activities into new sectors. Mr Matthew Tee briefing the Senior Management on the findings

SITE VISIT TO LAHORE

On 18th January 2011, Mr CC Pan, Chief Operating Officer of Bandaraya Development Berhad (BDRB) visited our site, the 174 Villas in Lahore, Pakistan. Also making the visit was Mr Matthew Tee, Executive Director, BPHB who also briefed him on the current stage of the project. JANUARY 2010 BULLETIN BINA PURI 9