LBS BINA GROUP BERHAD
CULTIVATING TO GROW BOARD OF DIRECTORS
Healthy communities will grow and blossom and we believe that our developments should provide individuals and families the environment, the right foundation. Hence, our developments are planned and built on three key pillars – afordability, connectivity and community. In afordability, every endeavour is explored to ensure homes are afordable for the rakyat. We also ensure that 19 the development comes with a solid future plan and connectivity so families can set a foundation with peace of mind. Finally, we ensure that our developments are designed to enhance community ties through the facilities provided.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD Board and Board Committees BOARD OF DIRECTORS Dato’ Chia Lok Yuen DIMP Dato’ Seri Lim Bock Seng (Executive Director) SSSA, DPMS, AMN (Chairman) Dato’ Lim Mooi Pang DIMP Tan Sri Dato’ Sri Lim Hock San (Executive Director) PSM, SSAP, DSSA, JP (Group Managing Director) Datuk Dr. Haji Baharum Bin Haji Mohamed DMSM, AMN, PIS Datuk Wira Lim Hock Guan (Senior Independent Non-Executive Director) DCSM, DMSM, PJK, JP (Executive Director) Datuk Lim Si Cheng PJN, PIS Maj (Hon) Dato’ Sri Lim Hock Sing (Independent Non-Executive Director) SSAP, DIMP, JP (Executive Director) Lim Tong Lee (Independent Non-Executive Director) Dato’ Sri Lim Hock Seong BOARD OF DIRECTORS SSAP, DMSM (Executive Director)
20
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
AUDIT COMMITTEE ESOS COMMITTEE RISK MANAGEMENT COMMITTEE Lim Tong Lee (Chairman) Lim Tong Lee (Chairman) Datuk Dr. Haji Baharum Bin Haji Mohamed Datuk Dr. Haji Baharum Bin Haji Mohamed Tan Sri Dato’ Sri Lim Hock San Datuk Lim Si Cheng Datuk Lim Si Cheng (Chairman) Datuk Wira Lim Hock Guan Datuk Wira Lim Hock Guan NOMINATION AND Dato’ Chia Lok Yuen Dato’ Chia Lok Yuen REMUNERATION COMMITTEE Dato’ Lim Mooi Pang Chang Yee Khim Datuk Dr. Haji Baharum Bin Haji Mohamed Lau Sau Kheng (Chairman) Loh Yin Hui Lim Tong Lee Datuk Lim Si Cheng COMPANY SECRETARIES
Lee Ching Ching Chooy Wai Nee BOARD OF DIRECTORS
21
From left to right:
1. Datuk Dr. Haji Baharum Bin Haji Mohamed 2. Dato’ Lim Mooi Pang 3. Datuk Wira Lim Hock Guan 4. Dato’ Sri Lim Hock Seong 5. Dato’ Seri Lim Bock Seng 6. Maj (Hon) Dato’ Sri Lim Hock Sing 7. Tan Sri Dato’ Sri Lim Hock San 8. Dato’ Chia Lok Yuen 9. Datuk Lim Si Cheng 10. Lim Tong Lee
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile DATO’ SERI LIM BOCK SENG
Chairman, Non-Independent Non-Executive Director
Male
89 years old
Malaysian BOARD OF DIRECTORS
Dato’ Seri Lim, the founder of LBS Bina, Honorary Chairman of the Management was appointed as the Chairman of LBS Board and Building Committee of SJK 22 on 6 December 2001. He has more (C) Sungai Way, Honorary Chairman than 50 years of experience in the of Persatuan Hokkien Sungai Way, construction and property development Honorary President of the Federation sectors. He was initially involved in of Hokkien Association Malaysia, the supply and transportation of sand, Permanent Honorary Adviser to Loong aggregates, earth and ball clay for Thien Kong Kajang, Permanent Honorary construction of infrastructure works Adviser to Persatuan Penganut Tho such as earthworks, sewerage works, Guan Sen, Permanent Honorary Adviser roads and drainage. Subsequently, he to Wei Long Temple Happy Garden ventured into construction of houses, Kuala Lumpur, Honorary Chairman to shops and factory buildings. Ulu Selangor Ann Kooi Association, Honorary Adviser to Federation of Dato’ Seri Lim is active in community Association of Lim Clansmen and activities, particularly in the Seri Setia area Honorary Chairman to Selangor & Kuala in Petaling Jaya, Selangor. He sits on the Lumpur Ann Kooi Association. Dato’ boards and committees of several non- Seri Lim also sits on the board of several profit-making organisations. He is the subsidiaries of the Group. Permanent Honorary Chairman of Seri Setia Old Folks Home, Honorary Adviser Dato’ Seri Lim is the father of Tan Sri to Khuan Loke Club Seri Setia, Honorary Dato’ Sri Lim Hock San (Group Managing Adviser to General Traders Association Director), Datuk Wira Lim Hock Guan Sungai Way – Subang, Honorary (Executive Director), Maj (Hon) Dato’ Chairman of the Old Boys Association Sri Lim Hock Sing (Executive Director), of SJK (C) Sungai Way, Honorary Dato’ Sri Lim Hock Seong (Executive Adviser for Youth Club Sungai Way, Director) and Dato’ Lim Mooi Pang Honorary Adviser of Selangor and Kuala (Executive Director). Lumpur Lim Clansmen Association,
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
TAN SRI DATO’ SRI LIM HOCK SAN PSM, SSAP, DSSA, JP Group Managing Director of LBS Bina Group Berhad, Non-Independent Executive Director Male
62 years old
Malaysian
Upon graduation in 1982 with First Class Honours in Civil Engineering from the University of Wales, UK, Tan Sri Lim returned to Malaysia to assist in the family business of lorry transportation and construction works. Two decades later, the businesses have expanded into property development, insurance
and tourism. On 6 December 2001, Tan Sri Lim was BOARD OF DIRECTORS appointed the Managing Director of LBS. With excellent entrepreneurship, acquired management skills and experienced technical expertise, Tan Sri Lim became the Key Leader and spearheaded LBS Group to become one of the leading players in the property development industry. These outstanding accolades were awarded personally to Tan Sri Lim:- i. Second Prize in the British Steel Corporation Competition for Design in Hollow Steel Section, 1982 xvii. FIABCI Malaysia Property Award - Property Man 17. Honorary President, The Federation of ii. Recipient of the inaugural Platinum of the Year, 2018 Malaysian Clans and Guilds Youth Association Entrepreneur Award by SMI Association of xviii. Des Prix Infinitus Asean Property Award 2019 - 18. Honorary President, Catholic High School Malaysia, 2011 Lifetime Achievement, 2019 Alumni Association iii. Prestigious Entrepreneur of the Year by Asia xix. Property Insight Prestigious Developers Awards 19. Honorary President, Persatuan Penganut Tho 23 Pacific Entrepreneurship Awards (APEA), 2012 (PIPDA) 2019 - Lifetime Achievement Award, Guan Sen iv. Malaysia Best Company for Leadership 2019 20. Honorary President, Young Malaysians of Property Development of the Year by xx. iProperty Development Excellence Awards Movement International Alternative Investment Review (iDEA) 2019 - Innovative Leader of the Year, 21. Honorary Life Adviser, The Federation of (IAIR) Awards, 2014 2019 Chinese Associations Malaysia v. Conferment of World Chinese Economic 22. Honorary Life Adviser, Tan Kah Kee Educational Summit (WCES) Lifetime Achievement Award Being a philanthropist and an active advocate of Charity Foundation for continued eforts in enhancing bilateral social and community works, Tan Sri Lim sits on the 23. Honorary Adviser, The Federation of Malaysia relations between Malaysia and China board of these organizations:- Chinese Surname Association (Guangdong Province), 2015 24. Honorary Adviser, Gabungan Persatuan vi. Bestowed with The BrandLaureate Hall of Fame 1. Chairman, Board of Governors of SMJK Keturunan Cina Negeri Sembilan – Lifetime Achievement Brand Icon Leadership Katholik 25. Adviser, Persatuan Ko Chow Sungai Way Awards by Asia Pacific Brands Foundations, 2. Chairman, Board of Governors of SJK (C) Tun 26. Adviser, Kelab Sungai Way 2015 Tan Siew Sin 27. Adviser, Majlis Pembangunan Sekolah vii. Global Best Company for Leadership of 3. Chairman, Selangor/ K.L Lim Clansmen Menengah Jenis Kebangsaan Malaysia Property Development of the Year by Association 28. Advisory Committee, Malaysia China Mergers & International Alternative Investment Review 4. President, The Federation of Hokkien Acquisitions Association (IAIR) Awards, 2016 Associations Malaysia 29. Overseas Representative, The 5th Session viii. Most Afuent Chinese Entrepreneur Awards, 5. President, The Federation of Malaysia Lim of The 12th Chinese People’s Political 2016 Associations Consultative Conference ix. Property Insight Prestigious Developer Awards 6. President, Malaysia-Guangdong Chamber of 30. Overseas Representative, Fujian Chinese (PIPDA) - Personality of the Year, 2017 Investment Promotion People’s Political Consultative Conference x. Asia Corporate Excellence & Sustainability 7. President, Persekutuan Persatuan-Persatuan 31. Committee, The 6th China Overseas Exchange Awards (ACES) - Outstanding Leader in Asia, Ann Koai Malaysia Association 2017 8. President, Persatuan Anxi Selangor Dan W.P. 32. Committee, China Federation 10th Plenary xi. Special Distinguished Award for Promotion Kuala Lumpur Session of China-ASEAN Relations at the 9th World 9. Vice President, Fujian Overseas Exchanges 33. Committee, Fujian Provincial Federation Chinese Economic Summit (WCES), 2017 Association 6th Council 34. Committee, The 5th China Overseas Friendship xii. Worldwide Excellence Award (WEA) - Person 10. Vice President, The World Lin’s Association Association of the Year, 2017 11. Honorary Life Chairman, Board of Governors xiii. Queen Victoria Commemorative Medal by The of SJK (C) Sungai Way In addition, Tan Sri Lim holds directorship of several Europe Business Assembly, 2017 12. Honorary Life Chairman, Selangor Petaling subsidiaries in the LBS Group, Chairman of Risk xiv. 8th Global Leadership Awards 2018 - Lifetime Business & Industry Association Management Committee in LBS and Managing Achievement Award, 2018 13. Honorary Chairman, Rumah Berhala Leng Eng Director of MGB Berhad. xv. The BrandLaureate Prominent Business Brand Tian Awards: Most Eminent - Prominent Business 14. Honorary Life President, Gabungan Persatuan Tan Sri Lim is the eldest son of Dato’ Seri Lim Bock Brand Leadership Award, 2018 Cina Petaling Jaya, Selangor Seng (Chairman) and brother of Datuk Wira Lim xvi. The BrandLaureate Special Edition World 15. Honorary President, Malaysia-China Chamber Hock Guan (Executive Director), Maj (Hon) Dato’ Awards: BrandLaureate World Brandpreneur of Commerce Sri Lim Hock Sing (Executive Director), Dato’ Sri Hall of Fame - Lifetime Achievement Award, 16. Honorary President, Malaysia-China Silk Road Lim Hock Seong (Executive Director) and Dato’ Lim 2018 Entrepreneurs Association Mooi Pang (Executive Director).
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) DATUK WIRA LIM HOCK GUAN
Executive Director, Non-Independent Executive Director
Male
58 years old
Malaysian BOARD OF DIRECTORS
Datuk Wira Lim Hock Guan was Being active in community works appointed as Executive Director of LBS and non-profit-making organisation, 24 on 6 December 2001. He holds a degree he is the Chairman of Persatuan in Civil Engineering from the Tennessee Hokkien Sungai Way, President of Technology University, USA. Datuk Wira Selangor Petaling Business & Industry Lim Hock Guan started his career as a Association, Vice President of Malaysia- Civil Engineer upon his graduation. Guangdong Chamber of Investment Promotion and the Vice President of With over 30 years of extensive The Malaysian Chamber of Commerce experience in the field of property in Guangdong, China. He is also a development and construction, Datuk qualified sharpshooter from National Wira Lim Hock Guan is in charge of Rife Association, Washington D.C. the Group’s projects as he is one of the major driving forces behind the LBS Datuk Wira Lim Hock Guan is the son Group’s successful implementation of of Dato’ Seri Lim Bock Seng (Chairman) projects in the Klang Valley. and brother of Tan Sri Dato’ Sri Lim Hock San (Group Managing Director), Datuk Wira Lim Hock Guan sits on Maj (Hon) Dato’ Sri Lim Hock Sing the board of several subsidiaries of (Executive Director), Dato’ Sri Lim Hock the Group and a member of the Risk Seong (Executive Director) and Dato’ Management Committee and ESOS Lim Mooi Pang (Executive Director). Committee in LBS. He also sits on the board of MGB Berhad, a listed company as a Non-Independent Executive Director and several subsidiaries of the Group.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) MAJ (HON) DATO’ SRI LIM HOCK SING
Executive Director, Non-Independent Executive Director
Male
57 years old
Malaysian BOARD OF DIRECTORS
Maj (Hon) Dato’ Sri Lim Hock Sing was Dato’ Sri Lim Hock Sing is one who He is a committee member of the appointed as Executive Director of care for community development Malaysia-Kuwait Business Council, LBS on 6 December 2001. Obtaining and his environmental concerns is an organisation formed under the 25 his Bachelor of Accounting Degree reflected in his position as one of Malaysia External Trade Development from Eastern Washington University in the Trustees in Sultan Ahmad Shah Corporation (MATRADE). 1989, he started practicing as an audit Environment Trust (SASET) since 2012. supervisor at Khoo & Co, a local public He is also a contributing member of Dato’ Sri Lim Hock Sing was awarded accounting firm. He was appointed Persatuan Warga Cinta Negara Malaysia the rank of Honorary Major in the 505th Director of LBS Bina in 1991 and has (PENCINTA), and engaged in central Regiment of The Reserve Army of been entrusted with LBS Group’s roles for organisations like Young Malaysia by K.D.Y.T.M. Tengku Mahkota interests in the states of Pahang and Entrepreneurs Association of Malaysia Pahang, Tengku Abdullah Al-Haj Ibni Johor. (PUUM) and Sungai Way Hokkien Sultan Haji Ahmad Shah Al-Musta’in Association. Billah in 2012. He also sits on the board Dato’ Sri Lim Hock Sing has devoted his of several subsidiaries of the Group. professional career into LBS Group with Being an active advocate of social his accountancy background and with and community works, Dato’ Sri Lim He is the son of Dato’ Seri Lim Bock over 30 years of experience in property Hock Sing sits as Chairman of Board Seng (Chairman), brother to Tan Sri development, he has contributed of Governors of SJK (C) Sungai Way Dato’ Sri Lim Hock San (Group Managing invaluable aptitude in matters of finance, in January 2017 and Chairman of Director), Datuk Wira Lim Hock Guan marketing and real estate evaluation. He Persatuan Penganut Agama Buddha (Executive Director), Dato’ Sri Lim Hock is active in the day-to-day operation of Kunzang Chokhor Ling Selangor since Seong (Executive Director) and Dato’ the Group. 2015. He is also President of Sungai Way Lim Mooi Pang (Executive Director). Hokkien Association since 2019.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) DATO’ SRI LIM HOCK SEONG
Executive Director, Non-Independent Executive Director
Male
54 years old
Malaysian BOARD OF DIRECTORS
Dato’ Sri Lim Hock Seong graduated Upon playing an active role in the from Kolej Damansara Utama with social development and well-being 26 a Diploma in Telecommunication of the community, Dato’ Sri Lim Hock and Computer Engineering. He was Seong has been conferred the Darjah appointed as Executive Director of LBS Kebesaran Sri Sultan Ahmad Shah on 6 December 2001. He is also the Pahang by the Sultan of Pahang in 2017. Director of LBS Bina since 1992. Dato’ Sri Lim Hock Seong is the son of He is in charge of property development Dato’ Seri Lim Bock Seng (Chairman) projects in Perak, monitoring the and brother of Tan Sri Dato’ Sri Lim initialisation, planning, management Hock San (Group Managing Director), and overseeing day-to-day operations Datuk Wira Lim Hock Guan (Executive of the projects. Director), Maj (Hon) Dato’ Sri Lim Hock Sing (Executive Director) and Dato’ Lim He is a member of the Yayasan Ang Mooi Pang (Executive Director). Koai Selangor, the Malaysian Chinese Association, the Persatuan Hokkien Seri Setia as well as other charitable and non-profit-making organisations. Dato’ Sri Lim Hock Seong is also actively involved in community works. He sits on the board of several subsidiaries of the Group.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) DATO’ CHIA LOK YUEN
Executive Director, Non-Independent Executive Director
Male
61 years old
Malaysian BOARD OF DIRECTORS
Dato’ Chia Lok Yuen was appointed as He is responsible for LBS Group’s a Director of LBS on 6 December 2001 corporate functions including IT, and was promoted to Executive Director Treasury, Investor Relations, Legal, 27 on 1 July 2005. He is a Fellow member Credit & Property Management and of the Institute of Chartered Secretaries Secretarial & Corporate Afairs. and Administrator, UK (FCIS) and has obtained a Diploma in Banking and Dato’ Chia also sits on the board of Finance from the Institute of Bankers several subsidiaries of the Group. He is Malaysia. He holds an MBA from the also a member of the Risk Management prestigious Heriott-Watt University in Committee and ESOS Committee in Edinburgh, United Kingdom. LBS.
Dato’ Chia was previously a banker by profession with an established local bank for more than 16 years. He has gained vast experience and exposure in local and international corporate business dealings.
He joined the LBS Group as Senior General Manager in 1996 being in charge of the overall management and business operations of the Group. He has contributed significantly towards the growth of LBS and its eventual listing in the Bursa Malaysia Securities Berhad.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) DATO’ LIM MOOI PANG
Executive Director, Non-Independent Executive Director
Female
53 years old
Malaysian BOARD OF DIRECTORS
Dato’ Lim Mooi Pang was appointed as She is currently responsible for LBS Executive Director of LBS on 16 July Group’s corporate functions in Accounts 28 2009. She graduated with an Honours and Finance, Human Resource and Degree in Management Studies from the Administration, Purchasing and Rental, University of Waikato, New Zealand. She Sales and Marketing Communication. began her career with Messrs. Ernst & Young New Zealand where she attained Dato’ Lim Mooi Pang also sits on her qualifications as a member of the the board of several subsidiaries of New Zealand Institute of Chartered the Group. In addition, she is the Accountants. Her last position with Chairperson of Sustainability Committee Ernst & Young was as Senior Audit and a Member of Risk Management Manager. She is a Fellow Member of Committee in LBS. Chartered Accountants Australia and New Zealand. Dato’ Lim Mooi Pang is the daughter of Dato’ Seri Lim Bock Seng (Chairman), Before joining LBS Group in May sister of Tan Sri Dato’ Sri Lim Hock San 2004, she was the Director of Finance (Group Managing Director), Datuk Wira and Administration with Speedline Lim Hock Guan (Executive Director), Maj Technologies, an American multi- (Hon) Dato’ Sri Lim Hock Sing (Executive national company based in Singapore. Director) and Dato’ Sri Lim Hock Seong (Executive Director). Prior to her current position, Dato’ Lim Mooi Pang was the Senior General Manager of the Overseas Operating Division where she oversaw and managed LBS Group’s investments in Zhuhai, China. She continues to be the Vice-Chairman of Zhuhai International Circuit Ltd.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) LIM TONG LEE
Director, Independent Non-Executive Director
Male
52 years old
Malaysian BOARD OF DIRECTORS
Lim Tong Lee was appointed as 2013 and joined AmWater Investments Independent Non-Executive Director Management Pte. Ltd. Singapore, as of LBS on 22 May 2013. He also sits on the Chief Investment Ofcer. By 2014, 29 the Boards of ValueMax Group Limited he was recruited by Venstar Capital and Versalink Holdings Limited, both Management Pte. Ltd. Singapore, as listed on Singapore Stock Exchange, as their Senior Vice President; he then left Independent Non-Executive Director. in 2015 to join KGI Fraser Securities Pte. Ltd. Singapore, as the Head of Corporate He has extensive experience in private Finance until 2017. equity, corporate finance and audit; starting his career with Ernst & Young He is also a Fellow Member of the Kuala Lumpur for 5 years before joining Association of Chartered Certified AmInvestment Bank Berhad in 1995. Accountants, United Kingdom, a After two years, he was employed as the member of Malaysian Institute of General Manager, Corporate Finance of Accountant and Malaysian Institute of a property development company in Certified Public Accountants. 1997. He went back to AmInvestment Bank Berhad in 1999 until 2007 holding Lim Tong Lee is Chairman of the Audit the position of the Director of Corporate Committee and ESOS Committee in Finance. Subsequently, he joined LBS and a member of Nomination and AmFraser Securities Pte. Ltd. Singapore, Remuneration Committee in LBS. as the Director/Head of Corporate Finance in 2007. He left AmFraser in
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) DATUK DR. HAJI BAHARUM BIN HAJI MOHAMED Director, Senior Independent Non-Executive Director
Male
63 years old
Malaysian BOARD OF DIRECTORS
Datuk Dr. Haji Baharum bin Haji A former Chairman of Lembaga Mohamed was appointed as Pelesenan Kenderaan Perdagangan 30 Independent Non-Executive Director (CVLB) Semenanjung Malaysia from of LBS on 20 August 2013 and was 2004 to 2006 and Datuk Dr. Haji Baharum designated as Senior Independent Non- was also appointed as Chairman of UDA Executive Director on 19 April 2014. Holding Berhad from 2006 to 2008. Presently, he is the Executive Chairman Datuk Dr. Haji Baharum holds a Bachelor of a privately owned company involved of Social Science (Honours) Degree in construction. from the UKM, Malaysia. He also holds a certificate in Business Management Datuk Dr. Haji Baharum is Chairman from AIM, Manila. He obtained his of the Nomination and Remuneration Master Degree from EUI, Ireland Committee and member of the Audit and graduated with a doctorate in Committee and ESOS Committee in Environmental Studies from University LBS. Utara Malaysia in 2015.
He started his career as ofcer with Majlis Amanah Rakyat (MARA) from 1982 to 1986 and was appointed as the Deputy Director of MARA in the states of Negeri Sembilan from 1987 to 1989 and Sabah from 1989 to 1992. He was a Special Ofcer to YB Chairman of MARA from 1992 to 1995 prior to his appointment as Principal Secretary to the Deputy Minister of the Prime Minister’s Department from 1995 to 1998.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Directors’ Profile (Cont’d) DATUK LIM SI CHENG
Director, Independent Non-Executive Director
Male
70 years old
Malaysian BOARD OF DIRECTORS
Datuk Lim Si Cheng was appointed as Datuk Lim holds directorship in various Independent Non-Executive Director of companies which include Ralco LBS on 20 August 2013. Corporation Berhad and Koperasi 31 Jayadiri Malaysia Bhd. He is also very Datuk Lim began his career as a active in community works of various journalist in 1968. From 1982 to 1990, charitable organisations. Presently, he was a State Assemblyman of Bandar Datuk Lim is a council member of Segamat and Exco Member of Johor University Tunku Abdul Rahman, Trustee State Government from 1986 to 1990. in Huaren Education Foundation, He was appointed as Political Secretary Trustees in Chang Ming Thien to the Minister of Transport, Malaysia Foundation and committee member of from 1990 to 1995. Following this, he Malaysia Mental Literacy Movement. was elected as Member of Parliament Kulai, Johor for 3 consecutive terms Datuk Lim is a member of the from 1995 to 2008. Audit Committee, Nomination and Remuneration Committee and ESOS Datuk Lim then moved to the House of Committee in LBS. Representative, Parliament Malaysia and served as Deputy Speaker from 1999 until February 2008. He was a member of the Malaysian Pepper Board from 2008 to 2011.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Key Senior Management 01 04
SALLY LAU SAU KHENG General Manager of Sales and MarCom Dept. BOARD OF DIRECTORS
PUAN SRI DATIN SRI 02 KAREN WANG SWEE HONG Senior General Manager of IT Dept.
32 05
NICHOLAS LOO KONG CHIN Assistant General Manager of Project Dept. – Cameron Highlands
CHEN SAU HIONG 03 General Manager of Project Dept.
WONG KAH YEEN General Manager of Credit Administration Dept.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Key Senior Management (Cont’d) 06 09
LEE CHEONG SAN Assistant General Manager of Project Dept. BOARD OF DIRECTORS
PUAN SRI DATIN SRI LOH YIN HUI KAREN WANG SWEE HONG 07 General Manager of Property Management/ Senior General Manager of IT Dept. Maintenance & Project Audit Dept.
10 33
VICTOR LIM SENG LEE Senior General Manager of Investor Relations Dept.
CHEN SAU HIONG DORIS LEE CHING CHING General Manager of Project Dept. 08 General Manager of Secretarial & Corporate Afairs Dept.
CHANG YEE KHIM General Manager of Accounts and Finance Dept.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Key Senior Management Profile SALLY LAU SAU KHENG NICHOLAS WONG KAH YEEN LOO KONG CHIN General Manager of Sales and Assistant General Manager of General Manager of MarCom Dept. Project Dept. – Cameron Highlands Credit Administration Dept.
Female Male Male
52 years old 44 years old 51 years old
Malaysian Malaysian Malaysian
Sally Lau Sau Kheng has been working Nicholas Loo Kong Chin, graduated Wong Kah Yeen joined the Group in with the Group since May 1994. Prior from the prestigious university in September 1999. He is a member of to joining the Group, she was working United Kingdom, Heriot-Watt University London Chamber of Commerce and with a well-known leading local bank in Edinburgh. He holds a Degree Industry with Third Level Group Diploma for 3 years and has derived exposure in Construction Management and in Cost Accounting and Business
BOARD OF DIRECTORS in banking administration afairs and obtained a Second Upper Diploma in Management from a local Institute built up her skills in client relations. Quantity Surveyor. He is a member of Examination Board (Associated College Sally first joined LBS Group’s Credit and Chartered Institute of Building in UK. of The University of Wales, UK). Sales Department and gained extensive experience in sales administration, credit He has more than 20 years’ of Prior to joining the Group, he has served control, customer relations, marketing experience in the property development as Operation Ofcer with a leading local and promotion. She was promoted and construction sector and hospitality bank. With more than seven years of to head the Sales and MarCom projects. His past experience includes working experience in the banking Department in July 2005 overseeing the the township developments in Taman industry, he gained extensive experience operation of the department and was Setapak Jaya Baru, Bandar Pinggiran including loan review, security and loan also involved in product planning and Subang and Taman Kintaman Klang. His documentation, loan disbursement and promotion, market trends monitoring involvement in hospitality projects such customer banking operations. 34 and aided in pricing strategy. She was as Hotel at Bangsar and Amari Hotel at promoted to Assistant General Manager Tanjung Tuah, Melaka. He holds his current position as General in July 2009. In 2011, she was promoted Manager of Credit Administration again to General Manager leading Sales He joined LBS in 2014 and was assigned Department since August 2014. and MarCom Department. to manage the Cameron Highlands township development. Currently, he Apart from being in charge of sales and is mainly responsible for the planning marketing activities of the Group, she and implementation of LBS’s Cameron is also responsible for the functions of Highlands projects. public relations, branding and customer service. He holds his current position as Assistant General Manager of Project Department She holds her current position as in charge of Cameron Highlands since General Manager of Sales and MarCom June 2014. Department since January 2011.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Key Senior Management Profile (Cont’d) PUAN SRI DATIN SRI KAREN CHEN SAU HIONG WANG SWEE HONG Senior General Manager of IT Dept. General Manager of Project Dept.
Female Male
60 years old 57 years old
Malaysian Malaysian
Puan Sri Karen started her career with Puan Sri Karen, spouse of Tan Sri Dato’ Chen Sau Hiong joined LBS in July LBS Group in September 1982. She Sri Lim Hock San, JP, holds the following 2011. He holds a Bachelor of Science in first joined the company as an Ofce positions:- Construction Management from Heriot- Administrator after completing the Watt University, UK. He is a Corporate ICSA course in London, UK. During the 1. Honorary President, Persatuan Shing Member of Chartered Institute of employment years, she has served as the An Selangor dan Kuala Lumpur Building, UK. BOARD OF DIRECTORS Company Secretary, Personal Assistant 2. Adviser, Gabungan Persatuan to the Managing Director and Head of Keturunan Cina Negeri Sembilan He has more than 27 years’ of experience Administration & IT Department. 3. Adviser, Hokkien Association Seri in the property development industry Setia (Women) with wealth of experience in planning, Under the portfolio of the IT Department, 4. Adviser, Federation of Hokkien development, implementation and Puan Sri oversees the components Association (Women) maintenance over various projects spans for licensed software and hardware, 5. Adviser, The Federation of Malaysian from housing sector to commercial and telecommunications system, network Lim Associations (Women) multi-storey development. infrastructure, application servers, 6. Chairlady, JMB of Tropicana Avenue access card system, ofce equipment Prior to joining LBS, he has been working and maintenance of computer She is currently the Senior General in a public listed company for 20 years peripherals within the LBS Group. Manager of IT Department since 1 and gained extensive experiences in 35 January 2014. project management and other related Puan Sri also took an additional CSR disciplines. portfolio as the Adviser of LBSclub since 2003. The LBSclub is managed by a Currently, he is responsible for committee who is nominated on an the planning and implementation annual basis and serves as a platform for of building and infrastructure of social and recreational activities for all property developments under the the company personnel like the monthly Group, particularly projects under the birthday celebrations, fun games, administration of Majlis Perbandaran special contests, bowling tournaments, Sepang, Selangor. treasure hunts and team-building events. She is also the Chief Editor of He holds his current position as General the LBS monthly e-news publication. Manager of Project Department since July 2011. The special CSR projects under Puan Sri’s purview are the annual Kiwanis Motor Treasure Hunt of which LBS is a Gold Sponsor for the 13th consecutive year and for Hospis Malaysia Charity Treasure Hunt, LBS is a Platinum Sponsor for the 3rd consecutive year.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Key Senior Management Profile (Cont’d) LEE CHEONG SAN VICTOR LIM SENG LEE CHANG YEE KHIM
Assistant General Manager of Senior General Manager of General Manager of Project Dept. Investor Relations Dept. Accounts and Finance Dept.
Male Male Female
52 years old 60 years old 54 years old
Malaysian Malaysian Malaysian
Lee Cheong San joined the Group in Victor Lim Seng Lee joined LBS in Chang Yee Khim holds a Bachelor of April 1999. He obtained his Bachelor June 2013. He completed the Certified Science (Honours) Degree majoring in of Science Degree in Civil Engineering Accounting Technician (CAT) Diploma Accounting and Economics from the from Ohio State University, Columbus, course in 1981 and possesses over University of Ulster, United Kingdom. USA. He also holds a Diploma in Civil 30 years of experience dealing in the
BOARD OF DIRECTORS Engineering from Universiti Teknologi world financial markets including listed She started her career in a Chartered Malaysia. He is a graduate member of equities and derivatives. Accountancy firm in United Kingdom Board of Engineer Malaysia (BEM) and for more than 6 years where she gained Institute of Engineer Malaysia (IEM). He worked with the Singapore various audit exposure. Following International Monetary Exchange her return to Malaysia, she joined an He has more than 20 years of experience (SIMEX/SGX) for 5 years as a full time entertainment group as Accounts in property development, planning, Proprietary Trader, trading Singapore, Manager, reporting directly to the Chief implementation and construction of Japan and USA financial market Financial Controller on accounting township development which consist of derivatives including the cross rate matters. residential/commercial condominiums, forex. Subsequently he joined the Kuala ofce buildings and landed properties. Lumpur Options and Financial Futures After 4 years of service in the Exchange (KLOFFE) as a Professional entertainment group, she joined LBS 36 Prior to joining LBS, he worked in Trader dealing in the KLSE stock index in 2000 to assist in the listing exercise construction company as Project/ futures and the Crude Palm Oil futures for LBS which was ofcially listed in Site Engineer for 6 years and handled for 2 years. 2002. She was then appointed to projects for Putrajaya parcel B, Pearl head Corporate Finance Department, Point Condominium Old Klang Road Prior to joining LBS, he worked in responsible for corporate exercises, and Scott Villa Condominium Brickfield. RHB Investment Bank Berhad as a bank borrowings and cash flows of Dual Licensed Dealer’s Representative the Group where she gained extensive Currently, he is in-charge of mixed dealing in Bursa listed shares and the exposure in accounting, finance and development township in Bandar Futures market for 11 years. During general management in property Saujana Putra (BSP), Prestige Residences that time he has participated as one of development industry. service apartments at Seri Kembangan the Securities Commission’s approved and Telok Gong industrial park at Port program Trainers/Speakers for She was later promoted to head Klang. Continuous Professional Course (CPE). Accounts and Finance Department in May 2006 to oversee the accounting, He holds his current position as Assistant He holds his current position as Senior taxation and finance functions of the General Manager of Project Department General Manager in charge of Investor Group. since 1 January 2013. Relations since 3 June 2013. She holds her current position as General Manager in charge of Accounts and Finance since 1 May 2006.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Key Senior Management Profile (Cont’d) LOH YIN HUI DORIS LEE CHING CHING
General Manager of General Manager of Property Management/ Secretarial & Corporate Afairs Dept. Maintenance & Project Audit Dept. Male Female
51 years old 50 years old
Malaysian Malaysian
Loh Yin Hui joined LBS in July 2000; Doris Lee Ching Ching is a Fellow he is a qualified civil engineer by member of the Institute of Chartered profession and graduated from Secretaries and Administrator, UK University Technology of Malaysia (FCIS). She also holds a Certificate in Johor Bahru. He has more than 25 years Professional Photography from Han of experience in project management in Chiang Acadamy of Journalism and BOARD OF DIRECTORS construction & property development, had obtained the Certificate in Investor contract & project implementation and Relations (CIR), UK in 2010. maintenance of landed as well as high rise buildings across Malaysia. She started her career with an international banking group in 1991. His past experience includes the One year later, she left the banking development of the commercial industry and started her practice in building Low Yat Plaza Shopping Mall chartered secretaryship under the & Capitol Hotel in Kuala Lumpur, secretarial arm of an international public construction of deep foundation works accounting firm where she gained for the Galleria Shopping Mall basement extensive exposure in areas including in Kuala Lumpur and Gasing Height corporate exercises, listing and other 37 Condominium in Petaling Jaya. His special assignments. involvement in larger scale township development started with the mix In 1997, she joined Instangreen development of Taman Kota Perdana Corporation Berhad (“ICB”) as Company project in Seri Kembangan. He is actively Secretary overseeing the corporate involved in project implementation & compliances and public afairs of the Save as disclosed, the members property management/maintenance. Group. Subsequent to the completion of of the Board and Key Senior the restructuring of ICB Group under the Management do not hold any Currently, he is responsible in overseeing auspices of the Special Administrators directorship in any listed entity the Group’s Property Management and appointed under the Pengurusan and public companies, have Contract Administration that include Danaharta Nasional Berhad Act, 1998, no family relationship with Project Audit, which emphasises on the wherein ICB became a wholly-owned any Director and/or major quality & cost control. subsidiary of LBS, she was transferred to shareholder of LBS, have no LBS in April 2002. conflict of interest with LBS, He holds his current position as General have not been convicted of any Manager of Property Management/ She is the Company Secretary of ofences within the past five Maintenance & Project Audit the Group and is responsible for the years other than trafc ofences Department since 1 January 2015. statutory compliances and corporate and have not been imposed any afairs of the Group. public sanction or penalty by the relevant regulatory bodies during She holds her current position as the financial year 2019. General Manager in charge of Secretarial & Corporate Afairs since May 2006.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD Group Financial Highlights
2015 1 2016 1 2017 2 2018 2019
Revenue (RM’000) 680,296 993,619 1,347,412 1,122,088 1,325,260 Profit before tax (RM’000) 108,835 143,954 189,527 159,135 154,065 Profit after non-controlling interests (RM’000) 76,074 85,301 102,687 85,560 67,511
Share capital (RM’000) 551,437 * 641,424 * 901,193 922,232 922,473 Equity attributiable to owners of the parent (RM’000) 1,031,661 1,165,819 1,282,514 1,349,454 1,348,655 Net tangible assets (RM’000) 945,183 1,036,578 1,165,641 1,231,352 1,231,701 FINANCIAL & Basic earnings per share (sen) 6.39 ** 6.58 ** 6.99 5.53 3.93 Gross dividend per share - ordinary share (sen) 9.50 10.00 8.20 1.80 -# - redeemable convertible preference share (“RCPS”) (sen) - - - 6.60 6.60 OPERATIONS Net assets per share (sen) 189.18 @ 181.77 @ 186.70 @ 86.57 87.25 Net tangible assets per share (sen) 173.33 @ 161.62 @ 169.69 @ 78.99 79.68
Remarks
REVIEW 1 The comparatives have not been restated following the first-time adoption of MFRS framework, adoption of MFRS 9 - Financial Instruments and MFRS 15 - Revenue from Contracts with Customers. 2 Restated following adoption of the MFRS framework, MFRS 9 and MFRS 15. * Not included efects from adoption of Companies Act 2016 - transition to no par value. ** The comparative figures for basic earnings per share have been restated to reflect the adjustments arising from the share subdivision and bonus issue. # Single-Tier First and Final Dividend via share dividend distribution on the basis of 3 treasury shares for every 100 existing ordinary shares held, fractions of 38 treasury shares will be disregarded, has been proposed by the Board of Directors and subject to the approval of the shareholders at the forthcoming 20th Annual General Meeting. @ The comparative figures have not been restated to reflect the adjustments arising from the share subdivision and bonus issue.
Financial Calendar Financial Year Ended 31 December 2019 Announcement of Quarterly Results: First Quarter ended 31 March 2019 31 May 2019 Second Quarter ended 30 June 2019 30 August 2019 Third Quarter ended 30 September 2019 25 November 2019 Fourth Quarter ended 31 December 2019 27 February 2020
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD
EQUITY ATTRIBUTABLE TO REVENUE (RM’000) OWNERS OF THE PARENT (RM’000)
1,347,412 1,349,454 1,400,000 1,400,000
1,200,000 1,325,260 1,200,000 1,348,655 1,282,514 1,122,088 900,000 900,000 1,165,819 993,619 1,031,661 600,000 600,000 680,296 300,000 300,000 FINANCIAL & OPERATIONS REVIEW
YEAR YEAR 151 161 172 18 19 151 161 172 18 19
PROFIT BEFORE TAX (RM’000) NET ASSETS PER SHARE (SEN)
189,527 200,000 200.00
189.18@ 160,000 160.00 181.77@ 186.70@
159,135 154,065 120,000 143,954 120.00 39 80,000 80.00 108,835 86.57 87.25 40,000 40.00
YEAR YEAR 151 161 172 18 19 151 161 172 18 19
PROFIT AFTER NON-CONTROLLING INTERESTS (RM’000) BASIC EARNINGS PER SHARE (SEN)
125,000 10.00
100,000 8.00 102,687 75,000 6.00 85,560 6.99 76,074 85,301 6.39** 6.58** 50,000 4.00 5.53 67,511 3.93 25,000 2.00
YEAR YEAR 151 161 172 18 19 151 161 172 18 19
ANNUAL REPORT 2019 (518482-H) ANNUAL REPORT 2019ANNUAL REPORT 2019 LBS BINA GROUP BERHAD GROUP LBS BINA LBS BINA GROUP BERHAD BERHAD GROUP LBS BINA Residensi Bintang Bukit Jalil Artist Impression:
FINANCIAL & CORPORATESOPERATIONS REVIEW REVIEW FINANCIAL & 4040 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD (518482-H) FINANCIAL & OPERATIONS REVIEW FINANCIAL & CORPORATES REVIEW CREATING TO INSPIRE
Beyond the corporate vision to build spaces that inspire, we aim to create quality afordable homes. Homes that deliver more value through the facilities ofered and through the potential growth of the area. By delivering this, we will empower and inspire LBS homeowners to reach for ever bigger dreams in their future. All our undertakings aim to create value that will inspire our stakeholders 41 – these include employees, individuals, families, investors and the people we positively impact through our Corporate Social Responsibility eforts.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD Letter From The Chairman FINANCIAL & OPERATIONS REVIEW
42 DATO’ SERI LIM BOCK SENG Chairman, Non-Independent Non-Executive Director
Sales increased to The Group’s Revenue has A total RM1.6 billion increased by 3,610 acres from RM 1.5 billion 18% of undeveloped in 2018 land bank
“The success of our business stemmed from our culture that is based on the values and efort put in by our people across our businesses who are working towards our vision, which is delivering properties that inspire individuals and enriching communities. ”
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD
Dear Shareholders of FOCUS IN OUR STRENGTHS Health and Safety LBS Land banking Health and safety are fundamental We ended 2019 in a positive note We have been mindful of the current in sustaining our human capital and despite it being a sluggish year for state of the economy and have adopted all employees should work in a safe the residential property market. a selective approach to new land and healthy working environment. The highpoint in our results can be acquisition and joint venture. For the Our commitment is to maintain an attributed to our business strategy current scale of the business, we are exceptional standard of health, safety employed. In an environment such as minimising financial risk by providing and security in all of the working this, we use it to refine our strengths sufcient reserves for any unexpected environments that we control. The and plug our weaknesses. critical business environment, while efective management of health, maintaining flexibility to deploy capital safety and security is essential to the
should attractive opportunities arise. productivity, culture and reputation of FINANCIAL & OPERATIONS REVIEW CREDITABLE PERFORMANCE our business. We maintained our OHSAS Commitment to Sustainability 18001 certification, the benchmark for LBS’ results for 2019 reflect the strength health and safety management systems. of the Group’s positioning in ofering LBS recognises the significance of With detailed measures and careful a broad choice of homes for all, at sustainability strategies and addresses implementation, we continued to an afordable price range. Sales for the issues that are of great importance maintain zero fatality and serious injury 2019 increased to RM1.6 billion from to the Group and its stakeholders, at all of our project sites in the year 2019. RM1.5 billion in 2018. This marked the which have significant impact socially, fifth consecutive year of improved economically and environmentally. We results. Overall, the Group’s operating have made progress in our sustainability and financial performance remained journey. Our work in planning and positive. Further details of the Group’s contributing to sustainable communities, performance are covered under the meeting our environmental obligations section on “Management Discussion and sustainably integrating with our and Analysis”. communities are features of our operations and are covered in more SHAREHOLDERS’ VALUE CREATION detail in this report. 43
In light of the extreme market Human Capital Development uncertainty, the Board believes that conserving liquidity is in the best With people as the cornerstone of our interests of shareholders. Therefore, business, we are committed to nurture the Board has taken the prudent and empower a diverse, competent decision to replace our cash dividend and dedicated talent pool to drive the with a Dividend in Specie involving Company’s growth. To this end, we distribution of Treasury Shares to the are prioritising communication and shareholders in the ratio of 3 Treasury engagement with our employees. Shares for every 100 Ordinary Shares We will continue to sharpen our held. This proposed Dividend in Specie focus on developing and grooming a is subjected to the approval by the new generation within LBS who are shareholders at the forthcoming 20th committed to our core values and Annual General Meeting. operating principles. Key to achieving this are innovative, collaborative and We remain committed to creating nimble workforce. long term shareholders’ value and will regularly review the position on future dividend payment.
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD
Letter From The Chairman (Cont’d) FINANCIAL & OPERATIONS REVIEW
44
Actual view: Board Room, LBS HQ
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD
Recognition Regardless of current situation, the staf for their commitment, dedication prevailing economic and political and eforts in continuing to deliver LBS continued to receive recognitions backdrop for the industry is still positive meaningful returns to our shareholders. for its corporate excellence, products in the long term. We remain positive of and sustainability eforts. These awards the country’s prospect given its strong The year ahead will not be without signify the growing strength of our team fundamentals and the dedication shown its challenges. We will continue to and served as a great encouragement by the government in battling the issues monitor the market and economy and for us to attain even better performance of health and economy of the country. believe that our strong financial position for the years to come. For more details Home ownership is still the choice for provides us with the resilience and of our awards garnered, please refer to the majority of Malaysian, combined flexibility to react to potential changes the section on “Awards & Accolades” of that with the long-term undersupply in the operating environment in 2020 this report. of afordable housing the underlying and beyond. demand remains strong. We applaud
Achievement various initiatives from the Government DATO’ SERI LIM BOCK SENG FINANCIAL & OPERATIONS REVIEW aimed to stabilise the supply and Chairman Our Group Managing Director, Tan demand mismatch in afordable houses 8 June 2020 Sri Dato’ Sri Lim Hock San has been and to assist first-time home buyers as awarded with the following accolades these measures are harmonised with which honoured his outstanding our strategy and focus. achievements, visionary leadership quality and steadfast dedication that Due to the prolonged and weakening have led to the successful growth of the property market, we have evolved Group over the years: - our corporate strategy to a more conservative approach. We will • Property Insight Prestigious continue to strengthen our governance Development Awards 2019 - Lifetime eforts, enhance operation efciency, Achievement Award accelerate our expansion for income streams in an organic and sustainable • iProperty Development Excellent manner, while keeping our focus on Awards 2019 – Innovative Leader of the property market in the afordable the Year segment. 45
• Des Prix Infinitus Asean Property The strengthening strategy and Award Malaysia 2019 - Lifetime intensifying experience will allow us Achievement Award to address the challenges in today’s property market, while taking the 2020 CHALLENGES measures needed to seize tomorrow’s opportunities. Whilst market conditions are expected to remain stringent in the short APPRECIATION term, with many macroeconomic uncertainties impacting the timing of The Board and I would like to thank all customer investment decisions, the our valued customers, shareholders, year started well and the group is well business associates, bankers and the positioned to benefit from the positive relevant government authorities for medium and long term market trends their continuous support to the Group. of domestic urbanization, infrastructure growth and low interest rate. I also wish to thank my fellow Board members, the Management and all the
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD
Awards and Accolades 2019 01 03 05 STARPROPERTY.MY PROPERTYGURU ASIA BCI ASIA AWARDS 2019 AWARDS 2019 PROPERTY AWARDS Top Ten Developers 2019 i. i. All-Star Award - Top Ranked
FINANCIAL & Developers of the Year ii. StarProperty.my Reader’s Choice i. Winner for Best Mass Market Award Landed Development – Rentak iii. The Cornerstone Award (Best Perdana @ LBS Alam Perdana Landed Development) Desiran ii. Highly Commended for Best 06 OPERATIONS Bayu (Honours) Mid End Condo / Apartment IPROPERTY iv. The Five Elements Award (Above Development (Klang Valley) - 500 Acres) – Kita @ Cybersouth Residensi Bintang Bukit Jalil DEVELOPMENT (Merit) iii. Highly Commended for Best v. The Skyline Award – Residensi Township Development (Klang EXCELLENCE AWARDS
REVIEW Bintang Bukit Jalil (Merit) Valley)– LBS Alam Perdana (IDEA) 2019 vi. The Starter Home – Simfoni Perdana @ LBS Alam Perdana (Merit) i. Best Developer People’s Choice Award ii. Best Township Development (LBS Alam Perdana) 46 04 Innovative Leader of the Year iii. PROPERTY INSIGHT (Tan Sri Dato’ Sri Lim Hock San) 02 PRESTIGIOUS DES PRIX INFINITUS DEVELOPERS AWARDS 2020 ASEAN PROPERTY 2019 AWARDS MALAYSIA STARPROPERTY 2019 i. Best Township Developer (less AWARDS 2020 than 500 acres) i. Best Afordable Housing ii. Top 10 Developer i. The Creative Space Award – Development iii. Lifetime Achievement Award Residensi Bintang Bukit Jalil ii. Best Township Development (Tan Sri Dato’ Sri Lim Hock San) (Excellence) iii. Best Developer iv. Best Township Development ii. The Family-Friendly Space Award iv. Lifetime Achievement Award (less than 500 acres)– LBS Alam (High Rise) – BSP21 (Excellence) (Tan Sri Dato’ Sri Lim Hock San) Perdana iii. The Starter Home Award – KITA v. Best Family Living Development v. Best Afordable Landed (Kita @ Bayu (Honours) vi. Best CSR Award Cybersouth) iv. The Neighbourhood Award (Below 500 Acres) – LBS Alam Perdana (Honours) v. The Cornerstone Award – Rentak Perdana (Merit) vi. All-Stars Award – Best Overall Champion – LBS Bina Group Berhad vii. StarProperty Consumers’ Choice Award
ANNUAL REPORT 2019 LBS BINA GROUP BERHAD LBS BINA GROUP BERHAD
01 04 iv. i. ii. iii. iv. v. vi. v. FINANCIAL & OPERATIONS REVIEW
iii. ii. i. 02 05
i. ii. iii. iv. v. vi. i.
47
03 06
i. i. ii. iii. ii.
iii.
ANNUAL REPORT 2019