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GOOD planning and hard work — that is the key to Mah Sing Group Bhd‘s success thus far, said group managing director and group chief executive Tan Sri Leong Hoy Kum.
Mah Sing Group made it to No 9 in the Top 10 list, coming in at No 9.
“It is an honour. The award will definitely improve our branding and further enhance shareholder value,” he told The Edge Financial Daily on the sidelines of The Edge Property Excellence Awards 2010 last Thursday.
“I would like to thank the staff for all their hard work. The hard-working and dedicated staff has made this happen. Over the years, they have been planning (our products) well. There needs to be a lot of good planning to further improve our products and hence the group’s name, I value what they have done, I appreciate it,” he added.
The TPDA is one of the awards under the The Edge Property Excellence Awards 2010 which includes the TPDA, The Edge-PEPS Value Creation Excellence Award and The Edge-PAM Green Excellence Award.
Mah Sing’s origins can be traced back to 1979 in plastic products manufacturing. It ventured into property development in 1994, a sector which it is now most closely identified with.
In the 16 years since it made the transformation, it had completed five projects and has 15 ongoing projects, with 10 more around the Klang Valley, Penang and Johor.
Some of its more significant commercial projects include The Icon Jalan Tun Razak and Southgate on Jalan Sungei Besi. It recently previewed its luxury residential highrise the Icon Mont’Kiara and M Suites@Jalan Ampang.
It is also poised to launch the first phase of its 87-acre mixed development in Jiangsu, China, next year. The group’s earnings have soared. In the financial year ended Dec 31, 2009, (FY2009) revenue rose almost four times to RM701.6 million from RM212 million while net profit increased by almost seven times to RM94.3 million in FY2003.
This article appeared on the The Edge Property Excellence Awards 2010 page, The Edge Financial Daily, October 11, 2010.
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