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Dato' (DP) Jeffrey Datin Susan Cheah Mr Loh Tliean Loy
(receiving tlieir 20-years long service award from YAB Menteri Besar, YAB Tan Sri Dato' Muliammad bin Haji Muhammad)

[the winners. I am pleased to note 200 million shares when fully
..lat the quality of the Business diluted. 1994 is also a year in which we
[plan is very good and is reflective hosted several distinguished
jot the commitment, strategic Secondly, Sungei Way Holdings foreign visitors to our Sunway
(thinking and collective efforts put Bhd has entered into an agreement College who continue to hold the
I in by the respective companies. I to purchase 7 0 % equity in College in high regard. Among
' jjso wish to express my heartiest Masalam Sdn Bhd for RM99.9 them were the British Minister of
(congratulations to the winners. million. The completion of this Education, the Canadian
agreement is subject to the Secretary-of-State for Asia Pacific,
I am confident that 1995 will be an approval of the Authorities. the Singapore Minister of
I equally exciting and fruitful year in Education, the Premier of Ontario,
terms of profit achievement and Thirdly, the listing of Sunway Canada, the Vice-Chancellors of
[growth. My confidence is based Building Technology Bhd on the the Universities of Cambridge and
on our collective effort which we main board of KLSE in October Nottingham, the President of the
have so successfully 1994 was a major boost to the University of Southern California
demonstrated in 1994. image and position of the Group. and Western Michigan University,
the renowned writer and politician,
A n d Lord Jeffrey Archer, and many
fourthly, in others.
t a n d e m
with our Sunway College together with
vision of ASLI also organized the first
becoming International Education
a Conference last year.
significant
player in
the leisure,
hotel and
t o u r i s m
i n d u s t r y ,
we have
conducted
a naming ceremony of the Sunway
Calege staff revelling
Lagoon Resort Hotel in September
1994 by none other than our
Idles and gentlemen, Menteri Besar, YAB Tan Sri Dato'
Muhammad Haji Muhammad.
annual dinner would not be
'complete without a brief mention This project would be completed
|0f some of the significant by first quarter 1996. Hopefully,
|achievements in the past year. we can have our next annual dinner
at our own ballroom that can
ifirstly, Sungei Way Holdings Bhd accomodate 2200 people. Also, a
implemented a Rights Issues of soft opening for the Sunway Hotel
Shares and Loan Stock with Penang was launched in June
i^arrants which raised about 1994, while our third hotel at
|nMl80 million in July 1994. This Pusatbandar Seberang Jaya will
also increased the paid-up capital be constructed once the authorities
kOf SungeiWay to approximately approve our plans.
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