Jul 17, 2011
In a filing to Bursa Malaysia on Friday, Jan 28, Melati Ehsan said its unit Bayu Melati Sdn Bhd had on the same day entered into a joint venture agreement for the proposed proposed development of three pieces of freehold commercial lands, collectively having a land area of 75,473 sq m, with the sports complex on it.
"The proposed development entails the construction, completion and sale of two blocks of serviced apartments, a block of SoHo offices, a sports complex, two blocks of office tower, a shopping mall, a hotel, a performing arts centre and car park lots on the land, together with infrastructure and landscaping to be carried out by Bayu Melati in accordance with the terms and conditions of the joint venture agreement," it added.
The gross costs value of the development is estimated at RM1.07 billion subject to changes as bayu Melati may propose improvements to the building and layout plans, design, building works and other features of the development.
The project will be funded by Melati Ehsan's internally generated funds and/or borrowings.
"As consideration to PKNS Holdings for the land, Bayu Melati shall pay to PKNS Holdings out of its own financial resources and/or financing, 70% of the total projected gross profits from the actual sales value of the development as determined by the terms of the joint venture agreement or RM387 million, whichever is higher and the surrender of the sports complex and performing arts centre upon completion.
"The proposed joint venture is an excellent opportunity for Melati Ehsan to embark on a new mixed commercial development to capitalise on the existing demand for such properties within the popular Kelana Jaya area where it does not possess any land bank. The track record and corporate image of the joint venture partner and its holding company is expected to enhance the saleability of the properties in the development project. It is expected to contribute to the medium and long term profitability of the group," it noted.- EDGE.COM
Jul 16, 2011
Maybank brings joy to twenty thousand children from schools in the Klang Valley and Selangor for a lifetime experience of watching one of the top English football club, Chelsea Football Club (Chelsea FC) team play with the Malaysian Harimau Muda football team on 21 July 2011 at Stadium Bukit Jalil.
“Maybank is pleased to sponsor 20,000 tickets to enable the schoolchildren from over 100 schools in Selangor and Kuala Lumpur adopted by Maybank under Bank Negara Malaysia’s school adoption programme to watch top world class Chelsea footballers play live in Malaysia. Our sponsorship is part of the Bank’s mission of promoting excellence among school children where sports is a powerful medium to inspire the children to achieve this,” said Lim Hong Tat, Deputy President and Head of Community Financial Services at a special ceremony to hand tickets to the schools held in Menara Maybank today.
Twenty schoolchildren from SMK Bandar Baru Sentul and SMK Wangsa Maju Seksyen 2, Setapak received the tickets from Lim. Also present were San Boon Wah, Managing Director of ProEvents International, the Exclusive Chelsea Asia Tour Organiser and teachers from the two schools.
“This sponsorship also fits with the Bank’s corporate responsibility in a holistic approach to our engagement with our adopted schools combining the development of education and sports. Apart from our commitment to educational and facilities support to our schools, we are also happy to encourage development of sports in giving exposure to schoolchildren to meet sports superstars. The experience of watching a live performance of top football stars from Chelsea FC and the Malaysian team may motivate our young to take the sport as a career too,” added Lim.
Lim also said that the football is one of the popular sports in Malaysia and Malaysians have a long tradition of interest and a huge following of the English Premier League (EPL). “We believe that giving our school children a rare opportunity to watch top class EPL players will help this sports in the long term as it will provide motivation to our young who have dreams to one day represent the Malaysian football team or even an opportunity to play in the EPL to pursue that ambition,” he said.
Maybank’s sponsorship will also enable the Bank to send participants to the Chelsea Kuala Lumpur Blue Pitch Programme launched last month to promote the development of grass roots football in the region and in Malaysia.
Malaysia’s captain Safiq Rahim will have more than a reason to steer his side to victory when they take on English Premier League giants Liverpool Football Club at the National Stadium in Bukit Jalil on July 16.
A diehard Manchester United supporter since his childhood days, Safiq is relishing the thought of giving Red Devil’s arch-nemesis a torrid time despite the host’s tag as the underdogs.
“It may be an exhibition match but the team, me in particular, is going to take the match very seriously. It is important for us to win any match we play in actually, but going head to head against Liverpool will spur to push the limit as I bleed the red of United.
“I’m a local boy but I still share the passion of Man Utd’s most hardcore fans. I’ve been following the team for as long as I can remember. So, I’m all fired up for Saturday’s game against the Scousers,” said the national team skipper.
Malaysia had suffered a heavy 4-0 defeat against another EPL bigwig, Arsenal Football Club yesterday. Although it was a painful and demoralising defeat for him and his peers, Safiq said the group are ready to make amends against Liverpool.
“We really got hit yesterday. For all of us, the score line may have been flattering for Arsenal but we don’t think it truly reflected on the game. All four goals were simple schoolboy stuff, which makes it an even harder pill to swallow.
“But that’s what happens when you play top, top teams, you get punished. We could have committed the same sort of mistakes against any normal team and got away with it. However, against these team, you can expect to pay for errors. And that’s basically what happened. But in the end of the day, it was a lesson learnt,” Safiq added.
Safiq promised the fans of a much-improved Malaysian side, saying that they would use and capitalise on the experience gained against the Gunners.
“Fans can definitely expect an improvement in our next game. It was a disappointing first match but that wasn’t the real Malaysian team which was on the pitch yesterday. On Saturday, the Tigers will show its stripes!” he exclaimed.
Summary of Ticketing Details
Tickets are priced at RM388, RM108, RM68 and RM58 are available online at www.ticketpro.com.my and can also be purchased from Ticketpro Hotline 03-78807999 plus Ticketpro outlets.
Celebrating its 10th anniversary in Malaysia, ProEvents is the leading football marketing and management consultancy in Asia with offices in Hong Kong, Malaysia and Singapore.
Over the past 18 years, ProEvents has organised and promoted more international football matches in Asia than any other company. Teams brought in include Manchester United, Chelsea, Arsenal, Barcelona, Bayern Munich, Leeds, Inter Milan, Sampdoria, FIFA World Stars and the national sides of Brazil, England, Argentina, Portugal, Bulgaria, Finland, China, Japan, Korea and Yugoslavia.
Jul 5, 2011
How about taking your hotel room key home as a priceless souvenir which is specially designed as a commemorative item for English Premier League giants Liverpool and Chelsea on their tour of Malaysia?
Yes. You will not need to return your room key at the end of your stay if you choose to stay in One World Hotel – the official hotel for the Liverpool and Chelsea teams – which is giving away the keys on a first come first serve basis to hotel guests if they book into the hotel this month.
This is a joint effort by the hotel and ProEvents International, the exclusive Asia Tour 2011 organiser for the two English teams.
The specially designed keys with images of the Liverpool players are available from July 1-16 while those with images of the Chelsea players will be available from July 17-31.
ProEvents chief executive officer Julian Kam said: “As we get closer to the dates of the matches, the excitement of the visit by the two teams is beyond expectations. The tickets are selling fast and the response has been tremendous. We urge the fans not to wait long to get their tickets.”
The Reds, as Liverpool as popularly known, will take on the Malaysian XI at the National Stadium in Bukit Jalil on July 16 and kick-off is at 5.45pm. The Blues, which is Chelsea’s nickname, will play the Malaysian XI at the same venue on July 21. Kick-off is at 8.45pm.