Fm chun part a to c

Fm chun part a to c

• 1.
  1.0 Background 1.1 Establishment KenHoldings Berhad was founded by Dato’ Tan Boon Kang and incorporated in the 1980 as a specialist contractor company that provides engineering services and up to today they became one of the most reputable property developers in Malaysia. The company headquarter is located on Level 12 in Menara KEN TTDI,Kuala Lumpur Wilayah Perseketuan (FederalTerritory), Malaysia. The company engages in investment holding and provision of management services where it operates through two segments namely: construction and property development. Below are the services provided for each segment. Construction Property Development  Specialist engineering services  Turnkey contracts  Building and civil engineering works  Land reclamation  Dredging  Marine and civil engineering  Development of residential and commercial properties Ken Holdings Berhad also operates other segments that are non-reportable relating to investment rental property and provision of property management services.
• 2.
  1.2 Vision, Missionand Core Values 1.2.1 Vision Ken Holdings Berhad aspire to establish sustainable, quality developments that surpass customer’s expectation, by acknowledging their responsibilities as a developer. 1.2.2 Mission 1. Ken Holdings Berhad’s mission aims to use resource sustainably and implement sound corporate governance that enhance steady growth earnings as commitment for their stakeholder’s interest. 2. Ken Holdings Berhad ensures efficiency planning and innovated design for delivering sustainable quality developments. 3. Ken Holdings Berhad embrace sustainable practices to sustain the environment for the future generations. 4. Ken Holdings Berhad ensures work life balance and teamwork by building generous growth opportunities and creating conducive working environment for a sustainable job satisfaction. 1.2.3 Core Values Ken Holdings Berhad are hands-on and committed in fulfilling their responsibilities as developers in the communities they built. They take pride their KEN brand and promise to constantly enhance their ability to commit to their customers, and carefully, mindfully and thoughtfully strive to achieve their vision. They aim to achieve world class recognition for their brand by continuously aspire to create value in all they do. At KEN,they treat each individual as a KEN family member and unite as one to accomplish their goals. Ken Holdings Berhad ensures the efficient use of resources through “Mottainai” practices in producing more value with less resources.
• 3.
  1.3 Listing Ken HoldingsBerhad was listed as a constructor sector in the Main Market of Bursa Malaysia Securities Berhad but was changed to properties sector on the 27th April 2012. Ken Holdings Berhad’s stock code is 7323 and stock name is listed as “KEN”. 1.4 Shareholders 1.4.1 Analysis by Size of Shareholdings Size of shareholdings No. of shareholders Percentage (%) No. of shares held Percentage (%) Less than 100 shares 100 – 1,000 shares 1001 – 10,000 10,001 – 100,000 100,001 to less than 5% of issues shares 5% and above of issues shares 83 115 844 429 71 2 5.38 7.45 54.66 27.78 4.60 0.13 1,769 46,311 5,099,240 12,472,160 76,742,758 84,975,362 0.00 0.03 2.84 6.95 42.79 47.38 Total 1,544 100.00 179,337,600 100.00 1.4.2 Substantial Shareholders Name of substantial shareholders No. of ordinary shares Direct Percentage (%) Indirect Percentage (%) 1. Kencana Bahagia Sdn. Bhd. 2. Dato’ Tan Boon Kang 3. To’ Puan Lau Pek Kuan 4. Anton Syazi bin Ahmad Sebi 5. Aryati Sasya binti Ahmad Sebi 6. Budaya Dinamik Sdn. Bhd. 67,849,638 3,963,600 3,917,000 - - 20,425,724 37.83 2.21 2.18 - - 11.39 - 83,766,638 83,813,238 20,425,724 20,425,724 - - 46.71 46.73 11.39 11.39 -
• 4.
  1.4.3 List ofThirtyLargest Shareholders Name No. of shares held Percentage (%) 1. Kencana Bahagia Sdn. Bhd. 2. SJ Sec Nominess (Tempatan) Sdn. Bhd. Budaya Dinamik Sdn.Bhd. 3. SJ Sec Nominess (Tempatan) Sdn. Bhd. Pledged Securities Account for Seloka Aman Sdn.Bhd. 4. Tan Chek Siong 5. Tan Chek Een 6. Tan Chek Ying 7. Dato’ Tan Boon Kang 8. Tan Foo See 9. Kencana Bahagia Sdn. Bhd. 10. Teo Kwee Hock 11. Yeoh Phek Leng 12. Maybank Nominess (Tempatan) Sdn. Bhd. Pledged Securities Account for Adat Saga Sdn. Bhd. 13. CIMSEC Nominess (Tempatan) Sdn. Bhd. CIMB Bank forTan Kian Liang (MY2236) 14. To’ Puan Lau Pek Kuan 15. SJ Sec Nominess (Tempatan) Sdn. Bhd. Pledged Securities Account for Adat Saga Sdn. Bhd. 16. I-Wen Morsingh 17. To’ Puan Lau Pek Kuan 18. Tan Chee Koon 19. Liew Yoon Yee 20. Low Siew Choong @ Liew Siew Meng 21. Tan Moon Hwa 22. DB (Malaysia) Nominee (Tempatan) Sendirian Berhad Exempt An for Bank of Singapore Limited 23. CIMSEC Nominess (Tempatan) Sdn. Bhd. CIMB Bank forTan Kian Aik (PBCL-0G0496) 24. UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Teo Siew Lai 64,549,638 20,425,724 6,663,000 6,242,000 6,000,000 6,000,000 3,963,600 3,405,378 3,300,000 3,132,500 3,060,000 2,640,000 2,500,000 2,300,000 2,095,300 1,687,000 1,617,000 1,530,800 1,436,000 1,265,500 1,202,680 1,131,700 1,000,000 930,100 35.99 11.39 3.72 3.48 3.35 3.35 2.21 1.90 1.84 1.75 1.71 1.47 1.39 1.28 1.17 0.94 0.90 0.85 0.80 0.71 0.67 0.63 0.56 0.52
• 5.
  Name No. ofshares held Percentage (%) 25. Universal Trustee (Malaysia) Berhad TA Islamic Fund 26. Liew Yoon Yee 27. Lim Pay Kaon 28. Cartaban Nominees (Tempatan) Sdn. Bhd. AXA Affin General Insurance Berhad 29. Lau Chin Kok 30. Yeo Khee Huat 828,000 700,500 700,000 632,300 623,000 593,000 0.46 0.39 0.39 0.35 0.35 0.33 Total 152,154,720 84.85 1.5 Key Management Personnel 1.5.1 Board of Directors 1. Dato’ Tan Boon Kang Founder of Ken HoldingsBerhad Group Executive Chairman, appointed on 28 February 2013 Was “Chairman/Managing Director” fromMarch 2009 to February 2013 Member of Remuneration Committee 2. Tan Chek Siong Group Managing Director,appointed on 28 February 2013 Was “Executive Director”, appointed on 24 February 2006 Joined the group as “Special Assistant to Managing Director” in October 2004 3. YAM Dato’ Seri Syed Azni Ibni Almarhum Tuanku Syed Putra Jamalullail Independent Non-Executive Director,appointed on 5 March 2012 Chairman of Nomination Committee, appointed on 21 August 2017 Member of Audit Committee Member of Remuneration Committee
• 6.
  4. Tan MoonHwa Executive Director, appointed on 18 March 1996 Joined since establishment of Ken Holdings Berhad in 1980 5. Dato’ Ir. Dr. Ashaaribin Mohamad Independent Non-Executive Director,appointed on 20 February 2013 Member of Audit Committee, appointed on 21 August 2017 Member of Nomination Committee 6. Sha Thiam Lu Independent Non-Executive Director,appointed on 20February 2013 Chairman of Remuneration Committee Chairman of Audit Committee, appointed on 21 August 2017 Member of Nomination Committee 1.5.2 Senior Management Team 1. To’ Puan Lau Pek Kuan Executive Director Co-founder of Ken Holdings Berhad Was a member of Board from1996 to 2008 2. Tan Chek Een Deputy Finance Director Joined Ken Holdings Berhad in 2012
• 7.
  2.0 Principal ActivitiesofCompany As mention before, the principal activities of Ken Holdings Berhad includes investment holdings and provision of management services. Below is a table listing the principal activities of the Company’s subsidiaries which are all located in Malaysia. Name of Company Effective Interest (%) Principal Activities 2017 2018 Ken Grouting Sdn. Bhd. 100 100 Specialist engineering services, turnkey contracts, building and civil engineering works Ken Projects Sdn. Bhd. 100 100 Investment holding Ken Property Sdn. Bhd. 100 100 Property holding and investment and property development Ken Highlands Sdn. Bhd. 100 100 Investment holding Kenergy Sdn. Bhd. 100 100 Dormant Ken JBCC Sdn. Bhd. 100 100 Property development Ken JBCC Holdings Sdn. Bhd. 100 100 Dormant Ken Estate Sdn. Bhd. 100 100 Dormant Ken City Sdn. Bhd. 100 100 Dormant Ken Management Sdn. Bhd. 100 100 Dormant Ken City JB Sdn. Bhd. 100 100 Dormant Ken-Chec Sdn. Bhd. 100 100 Land reclamation, civil, dredging, and marine engineering Ken JBCC Land Sdn. Bhd. 100 100 Dormant Khidmat Tulin Sdn. Bhd. 100 100 Property holding and investment and property development Genesis Nature Sdn. Bhd. 100 100 Property management services Swift Frontiers Sdn. Bhd. 100 100 Property development and investment holding Ken Link Sdn. Bhd. 100 100 Investment holding Ken TTDI Sdn. Bhd. 100 100 Dormant Ken Capital Sdn. Bhd. 100 100 Dormant
• 8.
  Name of Company EffectiveInterest (%) Principal Activities 2017 2018 Ken Estate Penang Sdn. Bhd. 100 100 Dormant Ken Estate (Melaka) Sdn. Bhd. 100 100 Dormant Ken Park Sdn. Bhd. 100 100 Car park management JewelEstate Sdn. Bhd. 100 100 Property management services Ken Kelantan Land Sdn. Bhd. 100 100 Dormant Ken Damansara Land Sdn. Bhd. 100 100 Dormant Wealthy Resort Sdn. Bhd. 100 100 Dormant
• 9.
  3.0 Analysis oftheRevenue Contributions ofDifferent Segments 3.1 Construction and Property Development Segment Type of Segment Construction Property Development Year 2017 RM’000 2016 RM’000 2015 RM’000 2014 RM’000 2013 RM’000 2012 RM’000 2017 RM’000 2016 RM’000 2015 RM’000 2014 RM’000 2013 RM’000 2012 RM’000 Segment Profit 25,724 20,420 8,843 8,784 7,489 5,800 36,353 31,628 23,867 37,572 42,402 28,947 Included in the measure of segment profit are: Revenue from external customers Inter-segment revenue 284 57,408 - 95,718 - 70,522 - 58,114 - 33,775 - 38,916 101,555 - 92,492 - 73,789 - 90,688 - 54,731 - 53,993 - Not included in the measure ofsegment profit but provided to Managing Director: Depreciation Finance income (635) 88 (750) 34 (709) 12 (759) 18 (725) 1 (713) 491 (139) 290 (150) 140 (147) 251 (143) 296 (108) 116 (96) 641 Segments assets 38,475 124,456 106,339 69,279 67,188 68,016 241,366 276,860 244,179 203,532 223,862 228,522 Included in the measure of segment assets are: Additions to non-current assets other than financial instruments and deferred tax assets 642 960 802 68 227 991 226 32 4,973 467 1,892 88009
• 10.
  3.2 Total ofConstruction and Property Development Segment Type of Segment Total Year 2017 RM’000 2016 RM’000 2015 RM’000 2014 RM’000 2013 RM’000 2012 RM’000 Segment Profit 62,077 52,048 32,710 46,356 49,891 34,747 Included in the measure of segment profit are: Revenue from external customers Inter-segment revenue 101,839 57,408 92,492 95,718 73,789 70,522 90,688 58,114 54,731 33,775 53,993 38,916 Not included in the measure ofsegment profit but provided to Managing Director: Depreciation Finance income (774) 378 (900) 174 (856) 263 (902) 314 (833) 117 (809) 1,132 Segments assets 279,841 401,316 350,518 272,811 291,050 296,538 Included in the measure of segment assets are: Additions to non-current assets other than financial instruments and deferred tax assets 868 992 5,775 535 2,119 89,000
• 11.
  3.3 Other Segment External Revenue RM’000 Depreciation RM’000 Finance income RM’000 Segment Assets RM’000 Additionsto non-current assets RM’000 2017 Total reportable segments Other non-reportable segments Elimination of inter-segment transactions or balances 101,839 2,369 - (774) (1,709) - 378 21 - 279,841 193,596 (115,721) 868 10,114 - Consolidated total 104,208 (2,483) 399 357,716 10,982 2016 Total reportable segments Other non-reportable segments Elimination of inter-segment transactions or balances 92,492 324 - (900) (31) - 174 228 - 401,316 (43,493) (569) 992 25,466 - Consolidated total 92,816 (931) 402 357,254 26,458 2015 Total reportable segments Other non-reportable segments Elimination of inter-segment transactions or balances 73,789 477 - (856) (35) - 263 192 - 350,518 202,248 (219,010) 5,775 25,649 2 Consolidated total 74,266 (891) 455 333,756 31,694 2014 Total reportable segments Other non-reportable segments Elimination of inter-segment transactions or balances 90,688 394 - (902) (4) - 314 6 - 272,811 221,910 (219,010) 535 13,667 270 Consolidated total 91,082 (906) 320 282,781 14,472
• 12.
  2013 Total reportable segments Othernon-reportable segments Elimination of inter-segment transactions or balances 54,731 336 761 (833) (2) - 117 - - 291,050 196,052 (207,626) 2,119 11,379 270 Consolidated total 55,828 (835) 117 279,476 13,768 2012 Total reportable segments Other non-reportable segments Elimination of inter-segment transactions or balances 53,993 119 - (809) (2) - 1,132 219 - 296,538 204,570 (222,969) 89,000 8,434 - Consolidated total 54,112 (811) 1,351 278,412 97,434 3.4 Reconciliations ofreportable segments revenues, profit or loss, assets and other material items 2017 RM’000 2016 RM’000 2015 RM’000 2014 RM’000 2013 RM’000 2012 RM’000 Profit or loss Total profit or loss for reportable segments Other non-reportable segments Elimination of inter-segments profits 62,077 280 510 52,048 13,763 (28,866) 32,710 26,951 (27,749) 46,356 33,564 (36,181) 49,891 (8,814) (12,820) 34,747 13,258 (25,192) Consolidated profit before tax 62,867 36,945 31,912 43,739 28,257 22,813
• 13.
  -60,000 -40,000 -20,000 0 20,000 40,000 60,000 80,000 2017 2016 20152014 2013 2012 Reconciliations of reportable segments revenues, profitor loss, assets and other material items Total profit or loss for reportable segments (RM'000) Other non-reportable segments (RM'000) Elimination of inter-segments profit (RM'000)