Assign Mba Fa

FINANCIAL ACCOUNTING MBA(E)
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OUR COMPANY BACKGROUND

Since the foundation of Bow Tucks Corporation in year 2000, the company has earned a
reputation for the delivery of quality projects on time and within budget to the construction,
development and civil engineering sector. The company has completed over fifteen major
infrastructural contracts for the Department of the Environment within the last five years.
When our business set up the plant hire, construction and civil engineering group we saw that
the requirements for high quality construction and civil engineering product and services was
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in demand to satisfy the growing infrastructural need precipitated by both the structural funds
and the Government national development programmes.
Later on our company has concentrated on civil engineering projects and investing in
research & development on future trends in the construction and civil engineering sector. This
has led our company to become a top performer in construction business and become one of
the leading supplier of quality construction and engineering projects in this region with
operations nationwide.
Luqmanul Hakim, the general manager, comes from a background in civil engineering with
experience in both construction and civils. He is with the company for twelve years and has
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been general manager for the past ten years. Luqmanul Hakim has extensive knowledge of
heavy civil engineering and has been centrally involved in developing the business.
The current business is built on a strong management team within the company and the
following are some of the achievements to date:
o Establishing a clear vision of future market opportunities in the construction industry
o Expansion of the business into key growth areas such as renewable energy
o Environmental Infrastructure and land development
o Winning key infrastructural contracts with Government Bodies
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YTL CORPORATION
INTRODUCTION
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The YTL Corporation (YTL Corp) was founded by Tan Sri Dato' Seri (Dr.) Yeoh Tiong
Lay in 1955. His oldest son, Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping, became the
Managing Director of YTL Corp in 1988. Under Yeoh's stewardship, the YTL Group grew
from a single listed entity in 1985 to a group of five listed companies. Today, YTL Corp is
one of the Bursa Malaysia's largest companies and together with its listed subsidiaries has a
combined Market Capitalisation of about RM30.8 billion (USD 10.15 billion). The company
has also been listed on the Tokyo Stock Exchange since 1996, being the first Asian nonJapanese company to be listed there.
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YTL Group had an annual average compounded growth rate of 55% over the 15 years to
2010. The group's portfolio of business includes power, utilities, cement, construction, real
estate, information technology and leisure in Asia-Pacific and Europe. These various business
units contributed at least RM1bil a year in dividends to YTL Corp.
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Amongst the group's key businesses are utilities, operating and maintenance (O&M)
activities, high
speed
rail, cement manufacturing, construction contracting, property
development, hotels & resorts, technology incubation, real estate investment trust (REIT),
and carbon consulting. YTL serves more than 12 million customers in over three continents.
In 2010 Malaysian Business Magazine Top 100 Companies survey of Malaysias largest
listed companies, YTL Corp has emerged as the largest non-government linked company in
Malaysia. YTL Corp has also been named as one of the Top 250 Global Energy Companies in
Asia under the Platts Top 250 Global Energy Company rankings and also earned a ranking of
15 overall in the Fastest Growing Asian Companies. The YTL Group's core businesses are
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ownership and management of regulated utilities and other infrastructural assets, serving 12
million customers in three continents.
YTL Corporation's strategy of providing "World Class Products and services at very
competitive prices" along with its history of Innovation, has led directly to it recording a
compounded annual growth rate in Pre-tax profits of 55% over the last 15 years, and an
enviable track record of creating shareholder value. It has been paying dividends every year
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since it was listed on KLSE. YTL Corporation's strategy has also resulted in it and its
subsidiaries accumulating numerous International Awards in the process.
YTL Corporation Bhd emerged in the coveted position of being the largest non-government
linked company in the 2010 MB100 survey of Malaysia's Largest Listed Companies. YTL
Corp moved up to number five from number 20 previously, and its subsidiary YTL Power
International Bhd secured the eighth spot.
PHILOSOPHY
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YTL Corporations strategy of offering "World Class Products and Services at Competitive
Prices" extends across the range of its business activities, and is perhaps the single most
important factor underpinning its success today in enhancing shareholder value. This policy
has not only ensured that the group is able to offer attractive, high quality products and
services to its customers at competitive prices, but also contributed directly to its success in
achieving a compounded annual growth rate in Pre-tax profits of 55% over the last 15 years.
Indeed, it is because of this strategy that YTL Power is able to profitably sell power at the
most competitive prices in the world (at 3.8 US cents per kw/h, a lower average-per-kilowatt
than anywhere in the United States)
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One more illustration is the 57 km "KL Cat" Express Rail Link, running from KL City centre
to KL International Airport, which is virtually identical in design to the high-speed rail
system that runs between London Heathrow Airport and Paddington Station in London, and
uses the same Siemen's rail transportation technology. A ticket to ride on the British rail link,
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a 15-minute trip, is about US$15. In contrast, by cutting capital costs and using a local
funding source, the "KL Cat" ERL travels twice as far, about 57 kilometres, in 28 minutes,
but for the equivalent of only about US$8. This is the cheapest fare-per-kilometre in the
world for rapid rail transit.
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Another example of this strategy is the award winning the Ritz-Carlton Hotel, Kuala Lumpur,
which has the cheapest room rates amongst any other Ritz Carlton hotel in the world (a room
per night in this luxury five-star hotel runs at only about USD 338++, compared to more than
$400 - $500 or more for comparable hotels in Europe or the U.S.).
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GROUP STRUCTURE
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YTL Power International

YTL Power International Berhad (YTLPI) is the utility subsidiary of YTL Corp. YTLPI owns
and operates some 5,500MW of gas, oil and coal-fired power generation plants in
Malaysia, Singapore and Indonesia. In Malaysia, YTLPI is the builder and owner of two gasfired combined cycle power plants with a combined capacity of 1,212 MW. YTLPI has a 35%
stake in PT Jawa Power, the second largest IPP in Indonesia, which owns a 1,220MW coalfired power plant located at the Paiton Power Generation Complex in East Java, Indonesia.
YTLPI through its wholly owned subsidiary PowerSeraya Limited in Singapore, is the
second largest power generation company in terms of installed capacity, with a total licensed
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capacity of 3,100 MW, and also is an active trader of oil products where it has approximately
1 million m3 of storage capacity.
YTLPI also owns a 60% stake in YTL Communications, which has approval from
the Malaysian Communications and Multimedia Commission (MCMC) to operate a
2.3 GHz WiMAXwireless broadband network in Malaysia known as YES, rolled out its
service on 19 November 2010.
YTLPI has 100% stake in Wessex Water Services Limited, a water and sewerage services
company that serves an area of the south west of England. YTLPI has a one-third stake in
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ElectraNet S.A. which owns and operates the electricity transmission network in South
Australia.
YTL Cement
YTL Cement Bhd is a manufacturer of cement and ready-mix concrete products in Malaysia
with interest in Jurong Cement Limited in Singapore and a 100% interest in Zhejiang Lin'an
Jin Yuan Cement Co Ltd in China.
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Syarikat Pembinaan YTL

YTL Corp's flagship construction arm is 100%-owned Syarikat Pembinaan YTL Sdn Bhd
(SPYTL), a "Class A" Malaysian Turnkey contractor, which completed approximately
RM7.25 billion (US$2.1bn) worth of contracts on schedule and on budget.
YTL Land & Development
YTL Land & Development Bhd (YTL L&D) currently has a land bank of more than 2,000
acres in Malaysia. Its largest project at present is Sentul, an urban renewal project, is a 294
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acre residential and commercial development and Malaysia's first private gated park. YTL
Land will be also developing Singapores Sandy Island and Kasara villas in Sentosa Cove and
redeveloping Westwood Apartments on Orchard Boulevard.
YTL Hotels
YTL Hotels (YTL Hotels & Properties Sdn Bhd) is the hospitality arm of YTL Corp, is
involved in both the ownership and management of hotels and resorts and operation of luxury
trains. Vistana Hotel is a business-class hotel group operated by YTL Hotels in Kuala
Lumpur, Kuantan and Penang.
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YTL e-Solutions
YTL Corp undertakes IT and e-commerce initiatives through 74%-owned YTL e-Solutions
Bhd, a technology incubator listed on the MESDAQ market of the Bursa Malaysia.
Infoscreen Networks PLC is a digital narrowcasting business listed on the Alternative
Investment Market of the London Stock Exchange, through YTL Info Screen Sdn Bhd owns
and operates four digital narrow cast media networks in the Bukit Bintang area of Kuala
Lumpur, and on the Express Rail Link train to Kuala Lumpur International Airport in
Malaysia.
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YTL-SV Carbon
In 2008, YTL Corp acquired a 75% stake in the Malaysian-based Clean Development
Mechanism (CDM) developer, YTL-SV Carbon Sdn Bhd (then known as SV Carbon), which
is currently the largest CDM consultancy in Malaysia and the fifth largest in ASEAN with
projects in Malaysia, Indonesia, Vietnam and China.
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BOARD OF DIRECTORS
The Board of Directors of YTL Power International comprises 13 Directors.
Executive Chairman
1. Tan Sri Datuk Seri Panglima (Dr) Yeoh Tiong Lay
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Managing Director
2. Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE
Deputy Managing Director

3. Dato' Yeoh Seok Kian
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Directors
4. Tan Sri Datuk Dr. Aris Bin Osman @ Othman
5. Tan Sri Dato' Lau Yin Pin @ Lau Yen Beng
6. Dato' (Dr) Yahya Bin Ismail
7. Dato' Yusli Bin Mohamed Yusoff
8. Dato' Yeoh Soo Min
9. Dato' Yeoh Seok Hong
10. Dato' Sri Michael Yeoh Sock Siong
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11. Dato' Yeoh Soo Keng

12. Dato' Mark Yeoh Seok Kah
13. Tuan Syed Abdullah Bin Syed Abd. Kadir
AWARDS
2013
YTL Corporation Berhad awarded the "Strongest Adherence to Corporate
Governance and Best Strategic Corporate Social Responsibility " in 3rd Annual
Southeast Asia Institutional Investor Corporate Awards
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2012
2011
2010
YTL Corporation Berhad awarded the "Singapore Environmental Achievement

Award (Regional) 2012" by the Singapore Environment Council
YTL Corp ranked No. 4 in "Top 50 Malaysian Brands" by Brand Finance, UK
YTL Corp awarded the "Corporate Platinum Award" at the Community Chest
Awards 2011 by Community Chest of Singapore
YTL Corp ranked No. 5 in "Top 50 Malaysian Brands" by Brand Finance, UK
YTL Corp listed by MB100 as largest Listed Non-GLC Company in Malaysia
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2009
2008
YTL Corp listed by MB100 as Largest Listed Non-GLC Company in Malaysia

YTL Corporation ranked No. 3 in "Top 50 Malaysian Brands" by Brand Finance,
UK
YTL ranked No. 5 in "Top 50 Brands in Malaysia" as rated by Brand Finance, UK
YTL Corp listed in "Forbes Global 2000"
YTL listed amongst Malaysia's 20 Most Valuable Brands, as valuated by the

Association of Accredited Advertising Agents Malaysia (4As) and The Edge Malaysia
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2007
2006
2005
YTL Corp listed in Asean Top 100 and Malaysian Top 100 Companies in
Shareholder Wealth Creation
YTL listed amongst Malaysia's Most Valuable Brands by The Edge Malaysia
YTL listed in Top 5 in AWSJ's most Admired Malaysian Corporations
YTL Corp listed in "Forbes Global 2000"
YTL Corporation Berhad listed among Malaysia's Top 30 Companies as reported by
S&P and RAM
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2003
2002
YTL listed in Far Eastern Economic Review 2003 as one of "Asia's Leading
Companies"
YTL voted among "Asia's Best Companies 2002 (Malaysia)" in Finance Asia
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SP SETIA BERHAD
INTRODUCTION
Although incorporated in 1974 as a construction company, the S P Setia story really began in
1996 when we refocused our core business to property development.
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Our first property development the 700-acre Pusat Bandar Puchong (Puchong Town Centre)
set the benchmark for subsequent S P Setia projects: a well-planned development that
balances affordable quality residential and commercial properties with an outstanding
landscape and community-centric facilities.
S P Setia is now well-established in all the three key economic centers of Malaysia, namely
Klang Valley, Johor Bahru and Penang. We are also set to make our presence felt in East
Malaysia with the building of a state-of-the-art transportation hub in Kota Kinabalu, Sabah
called Aeropod @ Tanjung Aru
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Leveraging on the strong demand for commercial and investment grade properties, the Group
has expanded into the commercial sector with projects such as SetiaWalk Puchong and the
upcoming Kuala Lumpur Eco City. In July 2009, it launched the first luxury high-rise
condominium called Setia Sky Residences in Kuala Lumpur City Centre.
In an effort to grow the brand regionally, S P Setia embarked on its first international foray to
Vietnam in 2007 when it joined forces with the countrys top state-owned conglomerate,
Becamex IDC Corp to develop EcoLakes at MyPhuoc Industrial Park. The Group has also
expanded its business into Australia and Singapore and is exploring opportunities in China.
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S P Setia Berhad is recognised as Malaysias leading listed real estate player, with a proven
track record of innovation-driven and standard-setting developments in a portfolio that
encompasses townships, eco-sanctuaries, luxury enclaves, high-rise residences
and commercial developments.
Incorporated in 1974, S P Setia started out as a construction company and was listed on Bursa
Malaysia in 1993. In 1996 it refocused its core business to property development with
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supporting businesses in construction, infrastructure and wood-based manufacturing, to

deliver the highest standards of product and service quality to its customers.
Its quality products as well as sensitivity to customers needs and aspirations have earned S P
Setia a sterling reputation as a property developer. The four simple words adopted by all its
projects, Live Learn Work Play express the companys commitment to
creating environments that perfectly balance the four areas of human activity.
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In 2011, S P Setia was ranked No.1 in The Edge Malaysia Top Property Developers Awards
for the 6th time, the only developer to have achieved this feat since the inception of the
awards. S P Setia is also the only Malaysian developer to be recognised thrice by the
International Real Estate Federation (FIABCI). Locally, the Group also has five
FIABCI Malaysia Property Awards to its name. Apart from property development awards, S
P Setia also made it to the Aon Hewitt Best Employers list four times. In 2011, it emerged as
the Overall Best Employer in Malaysia and one of the Best Employers in Asia Pacific.
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BOARD OF DIRECTORS
Independent Non-Executive Chairman
1. TUN DATO SERI ZAKI BIN TUN AZMI
President & Chief Executive Officer
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2. TAN SRI DATO' SRI LIEW KEE SIN

Deputy President & Chief Operating Officer
3. DATO' VOON TIN YOW
Executive Director & Chief Financial Officer
4. DATO' TEOW LEONG SENG
Executive Director
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5. DATO KHOR CHAP JEN

Senior Independent Non-Executive Director
6. MR NG SOON LAI @ NG SIEK CHUAN
Independent Non-Executive Directors
7. TAN SRI DATO' HARI NARAYANAN A/L GOVINDASAMY
8. DATUK ISMAIL BIN ADAM
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9. DATO' NOOR FARIDA BINTI MOHD ARIFFIN

10. ENCIK ZAINAL ABIDIN BIN JAMAL
Non-Independent Non-Executive Directors
11. TAN SRI DATO' DR WAN MOHD ZAHID BIN MOHD NOORDIN
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AWARDS
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FIABCI Prix d Excellence Awards

2007
2009
2010
Best Master Plan Development for Setia Eco Park, Selangor

Best Master Plan Development for Setia Eco Gardens, Johor
Runner up for Best Master Plan Development for EcoLakes, My Phuoc, Vietnam
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2011
2012
Best Residential (Low-Rise) Development for Setia Eco Park, Selangor

Best Purpose-Built/ Specialised Project for Eco Greens, Setia Eco Gardens, Johor
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FIABCI Malaysia Property Awards

2006
2006
2007
2008
Best Master Plan Development for Setia Eco Park, Selangor

Best Residential (Low-Rise) Development for Duta Nusantara, Kuala Lumpur
Property Man of the Year for Tan Sri Dato Sri Liew Kee Sin
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2010
Best Master Plan Development for Setia Eco Gardens, Johor

Best Residential (Low-Rise) Development for Setia Eco Park, Selangor
FUTURE DEVELOPMENT PLAN
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FINANCIAL RATIOS YEARLY ANALYSIS BETWEEN YTL CORPORATION AND

SP SETIA BERHAD
YEAR 2010
YEAR 2011
YEAR 2012
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YTL
SP
SETIA
YTL
SP
SETIA
1. GROSS PROFIT
3761435
425812
4091712
613878
MARGIN
(GPM)
16505033
1745870
18354770
0.23
0.24
0.22
YTL
SP
SETIA
PROFITABILITY
2232473
4230374
2019578
9
862899
2526595
0.27
0.21
0.34
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Based on the calculation GPM for SP Setia is much better than YTL and SP Setia GPM in
Year 2012 gave much higher return compare to the previous two successive years, whereas
YTL GPM showed a continuous declining.
2.NET PROFIT
1624738
251805
1835920
322431
MARGIN
(NPM)
16505033
1745870
18354770
2232473
1974090
2019578
9
387628
2526595
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0.10
0.14
0.10
0.14
0.10
0.15
Based on the calculation NPM for SP Setia is much better than YTL and SP Setia GPM in
Year 2012 as before gave much higher return compare to the previous two successive
years, whereas YTL GPM does not show any improvement along the three years.
YEAR 2010
YTL
SP
YEAR 2011
YTL
SP
YEAR 2012
YTL
SP
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SETIA
SETIA
SETIA
EFFICIENCY
3.INVENTORY
TURNOVER
(IT)
12743598
810748
1320058
23601
14263058
835802
1618595
26288
15965415
928654
1663696
23552
15.72
55.93
17.07
61.57
17.19
70.64
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Based on the calculation (IT) for SP Setia provides greater turnover compare to YTL (IT)
and SP Setia (IT) in Year 2012 shows much improvement compare to the previous two
successive years, whereas YTL (IT) is not that convincing.
4.FIXED ASSET
TURNOVER
(FAT)
16505033
28704792
1745870
1672110
18354770
29070714
2232473
2253299
20195789
30839134
2526595
5372863
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0.57
1.04
0.63
0.99
0.65
0.47
Based on the calculation FAT for SP Setia is much better than YTL except for Year 12
where SP Setia are not generating revenues as convincing as the two previous years. For
YTL though the FAT increase from one year to another , but it is still consider as
inefficient used of its assets in generating revenues.
YEAR 2010
YEAR 2011
YEAR 2012
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YTL
SP
SETIA
YTL
SP
SETIA
YTL
SP
SETIA
17449063
8621835
2713952
1177950
19195471
14598133
3332358
1028054
20784179
15932809
3980441
2950224
2.02
2.30
1.31
3.24
1.30
1.35
LIQUIDITY
5.CURRENT
RATIO
(CR)
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Based on the calculation the overall CR for SP Setia is much better than YTL, however
both company have capability to meet their short term obligation. But for both YTL and
SP Setia the coverage for its short term obligation in Year 2012 is not that convincing,
6.QUICK
RATIO
(QR)
16638315
8621835
2690351
1177950
18359669
14598133
3306070
1028054
19855525
15932809
3956889
2950224
1.93
2.28
1.26
3.22
1.25
1.34
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Based on the calculation both company still have a good coverage on its short term
obligation and look solvent though the coverage is not that high. But yet SP Setia still look
much better in terms of liquidity.
7.NUMBER OF
DAYS OF
INVENTORY
(NODI)
12743598
1320058
14263058
1618595
15965415
1663696
34914
3617
39077
4435
43741
4558
365.00
364.96
365.00
364.96
365.00
365.01
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Based on the calculation NODI for SP Setia and YTL do not show significant different,
both are doing well and efficient in holding its inventory and turning it into saleable.
YEAR 2010
SP
YTL
SETIA
YEAR 2011
SP
YTL
SETIA
YEAR 2012
SP
YTL
SETIA
SHAREHOLDER
S
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RATIO
8.EARNING
PER SHARE
(EPS)
1624738
950109
251805
762606
1835920
952802
322431
1374554
1974090
1054677
387628
1504250
1.71
0.33
1.93
0.23
1.87
0.26
Based on the calculation EPS for YTL is much better than SP Setia for the 3 years.
Shareholders of YTL are getting higher return compare to SP Setia.
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YEAR 2010
SP
YTL
SETIA
YEAR 2011
SP
YTL
SETIA
YEAR 2012
SP
YTL
SETIA
LEVERAGE
RATIO
9.TOTAL DEBT TO
EQUITY RATIO
34728477
11425378
2196710
2189352
35729250
12536935
2146171
3439486
37244057
14379256
5314184
4039120
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(TDTE)
3.04
1.00
2.85
0.62
2.59
1.32
Based on the calculation TDTE for YTL is highly depends on Debt which is not that good.
The burden of paying interest will be high in case relying to much on debt in running the
business. Thus it will affect long term solvency.
YEAR 2010
YTL
SP
YEAR 2011
YTL
SP
YEAR 2012
YTL
SP
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SETIA
SETIA
SETIA
RETURN
RATIO
10.RETURN ON
EQUITY
(ROE)
1624738
11425378
251805
2189352
1835920
12536935
322431
3439486
1974090
14379256
387628
4039120
0.14
0.12
0.15
0.09
0.14
0.10
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Based on the calculation ROE for YTL is much better than SP Setia though the margin is
small.
CONCLUSION
After doing the financial ratio analysis for both company, we have seen some strength and
weaknesses between the two companies, the overall picture can be summarized as follows:
Liquidity
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Talking about liquidity we are so convinced with the coverage of the short term debts of SP
Setia during the first two years in comparison to YTL, the downward trend in Year 2012
hopefully is just a temporary adverse performance, thus I would say SP Setia is much better
in terms of liquidity than YTL.
Profitability
In term of profitability not any of the two company are showing that one of them are more
superior than the other, both have a very close margin of profitability. Since SP Setia
calculation provides a bit higher result than of course SP Setia still shows that they are in
front in this category.
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Efficiency
Analysis shows that SP Setia is very much good in handling its inventory, they are much
superior than YTL, but somehow they are not that efficient in handling their asset in
generating revenues. But i would still go for SP Setia.
Leverage
Under this category, YTL shows that they are highly funds through debts, this is not a good
sign, so SP Setia is much more solvent than YTL in long term.
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Earning/ Return
YTL is providing much return to its owner compare to SP Setia, but both company are
enjoying income for the three years under review.
As a conclusion, and based on the above findings we strongly believe SP Setia is going to be
the best choice for us to invest our money. By acquiring them we believe in can improve Bow
Tuck Corporation in the next few years undertaking. Based on the strength that has been
overseen through the Financial Ratio Analysis we hope we are doing the right decision.
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APPENDIX 1
YTL FINANCIAL STATEMENT YEAR 2010
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APPENDIX 2
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APPENDIX 3
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APPENDIX 4
SP SETIA FINANCIAL STATEMENT YEAR 2010
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APPENDIX 5
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APPENDIX 6
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APPENDIX 7
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MARK SHEET FOR THE GROUP

NO
1
2
3
4
5
NAME
I.D NO
MARKS
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FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

OUR COMPANY BACKGROUND

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

YTL Power International

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

Syarikat Pembinaan YTL

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

FINANCIAL ACCOUNTING MBA(E)

Deputy Managing Director

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FINANCIAL ACCOUNTING MBA(E)

11. Dato' Yeoh Soo Keng

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YTL Corporation Berhad awarded the "Singapore Environmental Achievement

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YTL Corp listed by MB100 as Largest Listed Non-GLC Company in Malaysia

YTL listed amongst Malaysia's 20 Most Valuable Brands, as valuated by the

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supporting businesses in construction, infrastructure and wood-based manufacturing, to

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2. TAN SRI DATO' SRI LIEW KEE SIN

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5. DATO KHOR CHAP JEN

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9. DATO' NOOR FARIDA BINTI MOHD ARIFFIN

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FIABCI Prix d Excellence Awards

Best Master Plan Development for Setia Eco Park, Selangor

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Best Residential (Low-Rise) Development for Setia Eco Park, Selangor

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