Page 19 - Berita_SungeiWay_Apr_June_1999

py Building
f Bhd's board
irectors at the
^proceedings.
Sunway Building Technology (Suntec) had taken all necessary steps to
position the company to face the current year. Suntec posted a group
pre-tax loss of RM85 million last year.

Suntec Chairman Encik Mirzan Mahathir said, the company whose
core business is construction, is leaner and more effective now. It is
nevertheless cautiously optimistic as there are signs that the property
sector is beginning to pick up.

c t l T ^ W ^ C I T Y B E R H A D AGAJ

SUNWAY

Sunway City's board of
directors (L-R) Ms Low Siew
Moi, Mr Ngian Siew Siong,
Mr You Kok Seng, Doto'
Sunway City Berhad Chairman, Tan Sri Dato' Seri Dr Jeffrey Cheah said property Razman Hashim, Tan Sri
' development would be the company's core business. He said, there had been ten times more Dato' Seri Dr Jeffrey Cheah,
Tan Sri Dato' Ir Taiha b Hj
registration, than the number of units available, for its 500 double-storey link houses in its
Mohd Hashim, Date' Haji
soon-to-be-launched Sunway Bayan development in Penang. The project has a total sales Othman bin Mohd Taib,
value of about RM200 million. Dato' Chew Chee kin, Mr
Ngeow Voon Yean.
There are plans to revive and reconfigure the stalled Sunway Carnival shopping centre in
Seberang Jaya. Similar efforts are also planned for the 1,200-acre Sunway City Ipoh.
On the Sunway Lagoon Theme Park, Tan Sri Jeffrey said there would be new attractions. The
Sunway Lagoon Resort Hotel and Sunway Hotel Penang have been enjoying an average
occupancy rate of about 50% to 60%.

|Ttie company achieved a turnover of RM410.1 million in 1998, 35% higher than 1997. However,
it recorded a consolidated operating loss after tax and minority interest of RM82.57 million.

A