19th Annual - 49% Bendera Berlian Sdn Bhd 40% Bayu Cergas Sdn Bhd 35% Usaha Semarak Sdn Bhd...

download 19th Annual - 49% Bendera Berlian Sdn Bhd 40% Bayu Cergas Sdn Bhd 35% Usaha Semarak Sdn Bhd 30%Pristine

of 51

  • date post

    08-Aug-2019
  • Category

    Documents

  • view

    224
  • download

    0

Embed Size (px)

Transcript of 19th Annual - 49% Bendera Berlian Sdn Bhd 40% Bayu Cergas Sdn Bhd 35% Usaha Semarak Sdn Bhd...

  • 19th Annual General Meeting

    VENUE Ballroom II, Main Wing Jalan Kelab Tropicana Tropicana Golf & Country Resort 47410 Petaling Jaya Selangor Darul Ehsan

    TIME 10.00 a.m.

    DATE Friday, 28 June 2019

  • CORPORATE REVIEW 6 LBS at a Glance 8 The LBS Brand 10 Milestones 12 Corporate Structure 14 Corporate Information 16 Corporate Calendar 2018

    BOARD OF DIRECTORS 26 Board and Board

    Committees 28 Board of Directors 30 Directors’ Profile 40 Key Senior Management 42 Key Senior

    Management Profile

    FINANCIAL & OPERATIONS REVIEW 46 Group Financial Highlights 50 Letter from the Chairman 54 Awards and Accolades 58 Management Discussion and

    Analysis 88 Portfolio 2018

    Inside This Report

    OUR VISION To be an internationally recognised developer, building and inspiring delightful spaces that enhance community living.

    OUR MISSION To consistently deliver exceptional performance through progressive creations, realising value to all stakeholders and enriching communities at large.

  • WWW.LBS.COM.MY

    LIST OF ABBREVIATIONS USED IN THIS ANNUAL REPORT

    “LBS” or “the Company” : LBS Bina Group Berhad “LBS Bina” : LBS Bina Holdings Sdn Bhd

    “LBS Group” or “the Group” : LBS and its subsidiaries

    CORPORATE SOCIAL REVIEW 108 Sustainability Report

    CORPORATE ACCOUNTABILITY 142 Corporate

    Governance Overview Statement 170 Audit Committee

    Report 174 Statement on Risk

    Management and Internal Control

    177 Recurrent Related Party Transactions AGM INFORMATION

    401 Notice of Nineteenth Annual General Meeting

    406 Privacy Notice

    Form of Proxy

    FINANCIALS

    178 Financial Statements

    OTHER INFORMATION 390 List of Material

    Properties held by the Group

    391 Analysis of Ordinary Shareholdings

    395 Analysis of Warrant B Holdings

    398 Analysis of Preference Shareholdings

  • CORPORATE REVIEW

    LBS At A Glance As At 31 March 2019

    Garnered

    44 Awards and Accolades

    Approximate

    706 Employees in Malaysia

    Dividend of

    1.8 SEN*

    Per Ordinary Share

    Revenue

    RM 1.12

    BILLION

    15 On-Going

    Projects In Hand

    Achieved

    7% Higher Sales In Year 2018

    Built more than

    36,000 HOMES

    Land Bank More Than

    3,761 ACRES

    *1.8 sen single-tier first and final dividend subject to the shareholders’ approval

    6

  • LBS has homes for every stage of your life which allow you to live your dreams - whether it is your first home, upgrade to a spacious living space, investment home, holiday home or a place for your business. LBS creates inspiring and delightful spaces. More importantly, LBS is people-focused and understands your priorities and needs to achieve your dream home and lifestyle.

    Through progressive creations, we want to ensure LBS homes, townships and premises gives you the platform to experience a quality and balanced lifestyle suitable to meet your needs in today’s fast-paced world of technology, from affordability to design, sustainability to aesthetics.

    We are improving our processes to ensure an effortless journey from sales enquiry to ownership. We’ve refined our processes to ensure our products deliver an environment that meets the needs of every generation and community and ensure business are handled effortlessly with all LBS customers – in terms of property design, township planning and development and customer service.

    Leading Through A Legacy of Excellence

    In LBS, we strive to deliver inspirational space where people call it HOME.

    In LBS, we don’t just build houses, we shape living habitats of the future.

    LBS BINA GROUP BERHAD (518482-H) ANNUAL REPORT 2018

    7

  • CORPORATE REVIEW

    The interweaving design represents the enduring bonds between the founder Dato’ Seri Lim Bock Seng and his four sons, who, together, expanded LBS into a leading property group, infused with their core values of unity and trust. The interwoven pattern is then further expanded into an infinite monogram design, symbolising LBS’ mission in delivering exceptional performance through progressive creations.

    The LBS Brand

    Over the years, LBS has succeeded in establishing a solid foundation in crafting high-quality built environments. This is what we believe in. Our ongoing commitment to improving overall community wellbeing has enabled us to come far and become who we are. We are driven by our promise to create sustainable living, working and recreational environments that will provide a better future for everyone, a future that is worth beholding.

    8

  • CORPORATE REVIEW

    LBS began with one man’s vision. In the 1960s, Dato’ Seri Lim Bock Seng founded a construction business in Petaling Jaya. Within a few years, LBS’ scale of projects established it as a reputable property developer. Several of its well publicised accomplishments were Taman Perindustrian Bukit Serdang Seksyen 14 in Selangor, jointly developed with the 1992 Thomas Cup champions, Taman Pinggiran Putra, Serdang and the township project at Bandar Saujana Putra.

    LBS builds homes that meet the needs of Malaysians. For over 25 years, LBS has carefully nurtured a reputation for delivering properties with unsurpassed quality that inspire and enrich. By insisting on continually improving not only construction technologies but the very latest in architectural trends, LBS lives up to its belief that Malaysians deserve homes of the finest workmanship.

    Milestones

    10

    1992 1997

    1993 1998 2003 2008

    2002 2007

    Start of Maiden Project at Jelapang Maju Light Industrial Park Ipoh, Perak

    Listed on the Main Market of Bursa Malaysia and expanded to Johor and Zhuhai China

    Accomplishments were Taman Perindustrian Bukit Serdang Seksyen 14 in Selangor, jointly developed with the 1992 Thomas Cup champions, Taman Pinggiran Putra, Serdang

    Expand to Pahang state via development on 110-acre land in Cameron Highlands

    First township project at Bandar Saujana Putra covering 850 acres of land

    CCPIT agreement with China

    Restrategised to develop medium-low cost homes and successfully shielded from financial crisis

    Set up its own construction arm, MITC Engineering Sdn Bhd to improve quality and efficiency

  • Milestones (Cont’d)

    LBS BINA GROUP BERHAD (518482-H) ANNUAL REPORT 2018

    11

    2011 2013

    2012 2014 2016 2018

    2015 2017

    Started building island resort lifestyle-focused homes D’ Island Residence

    Founded LBS Foundation to give a helping hand for education, community, environment and health

    Signed MOU on Zhuhai International Circuit Upgrading and Transformation Plan

    59 acres mixed development at Genting Highlands for city dwellers

    Build Midhills at Genting Highlands as a getaway home for city dwellers

    Build Cameron Centrum with 86 acres project, biggest mixed development in Brinchang

    Launched of Melaka Cultural and Trade Center Zhuhai, China

    Launched another township project known as LBS Alam Perdana covering approximately 470 acres of land in Ijok, Selangor

    Build affordable homes Magma Garden in Batu Pahat, Johor

    Build LBS Alam Perdana, second township in Klang Valley on 469.86-acre land

  • CORPORATE REVIEW

    Corporate Structure As At 31 March 2019

    100% Intellplace Holdings

    Limited (BVI)

    100% Dragon Hill Corporation

    Limited

    100% Lamdeal

    Investments Limited

    60% Zhuhai

    International Circuit Limited

    100% Zhuhai

    International Circuit

    Promotion (HK) Limited

    100% Linkway Property

    Co., Ltd (BVI)

    100% LBS Bina Holdings

    Sdn Bhd

    100% LBS Landscape

    Sdn Bhd

    100% Adil Restu Sdn Bhd

    100% Angsana Abadi Sdn Bhd

    100% Astana Modal (M) Sdn Bhd

    100% Azam Perspektif Sdn Bhd

    100% Cergas Asal (M) Sdn Bhd

    100% Duta Abadi Sdn Bhd

    100% Equal Alliance Sdn Bhd

    100% Equal Sign Sdn Bhd

    100% Focal Remedy Sdn Bhd

    100% Fokus Awana Sdn Bhd

    100% Galeri Cekap Sdn Bhd

    100% Generasi Nostalgia Sdn Bhd

    100% Generasi Simbolik Sdn Bhd

    100% Getstyle Sdn Bhd

    100% Inderaloka Impian Sdn Bhd

    100% Intellview Sdn Bhd

    100% Iringan Kejora Sdn Bhd

    100% Jatidiri Gigih Sdn Bhd

    100% Jauhari Unggul Sdn Bhd

    100% Kalimah Jaya Sdn Bhd 100% Utuh Sejagat Sdn Bhd

    100% Kilatlima Sdn Bhd

    100% LBS Capital Sdn Bhd

    100% LBS Properties Sdn Bhd

    100% Maju Kamabisa Sdn Bhd

    100% Megah Solaris Sdn Bhd

    100% Misi Aktif Sdn Bhd

    100% MITC Sdn Bhd

    100% Nuevoprima Development Sdn Bhd

    100% Pelangi Homes Sdn Bhd 100% Restu Bidara Sdn Bhd 51.92% Biz Bena Development

    Sdn Bhd

    100% Puncak Gama Sdn Bhd

    100% Saga Megah Sdn Bhd

    100% Sepadan Maju Sdn Bhd

    100% Seribu Baiduri Sdn Bhd

    100% Sinaran Restu Sdn Bhd 100% Juaraplex Sdn Bhd 100% Kenderong Sdn Bhd 100% Keranji Bina Sdn Bhd 100% Lingkaran Semangat

    Sdn