29 July 2011

Mah Sing wins “Best Of Asia” at Corporate Governance Asia Recognition Awards 2011

As I always said, Mah Sing has a strong corporate governance that gives investors self-confidence. I sincerely hope that its Boss can enter Top 20 Richest Man List in Malaysia one day.

Below are the contents that I copied from the source.

Mah Sing Group Berhad was named The Best of Asia at the 7th Corporate Governance Asia Recognition Awards 2011 whilst its group managing director Tan Sri Leong Hoy Kum won the Asian Corporate Director Recognition Awards 2011. 

Leong said, “We place high priority in ensuring good governance in all areas of our operation, with appropriate controls in place to ensure satisfactory levels of accountability and integrity. 

“We are also committed to ensuring high standards of disclosure and transparency, and we are honoured by these awards which had recognized these efforts.” 

The Best of Asia Corporate Governance Asia Recognition Awards are presented to top organisations in China, Hong Kong, India, Indonesia, Malaysia, South Korea, the Philippines, Singapore, Taiwan and Thailand. 

Among the winning criteria include a previous publicly acclaimed track record for corporate governance, disclosure, transparency and investor relations practices. 

The Asian Corporate Director Recognition Awards 2011 recognizes the winner’s contribution in growing the company’s business, social responsibility, environmental protection, as well as efforts in raising the standards of corporate governance practice in the country. 

Mah Sing is one of the most diversified property developers in Malaysia, with 34 residential, commercial and industrial projects in the medium to high end property segments in Malaysia. 

It has an enviable profit track record of 48% compounded annual growth rate (CAGR) from 2002 to 2011, and is a favourite of the investment fraternity due to its strong track record and visible earnings growth. 

As at June 2011, approximately 32% of its shares are held by local institutional investors and 20% are held by foreign institutional investors.

Mah Sing has a market capitalization of close to RM2.2billion and targets to reach a market capitalization of RM5billion within the next 5 year.

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