What has happened to the UEM land buy-in in to Sunrise? The value of the buy in was RM 1.4 billion. You bozos do not think we have forgotten do you?
From the commencement the public did not understand the motive of UEM land, the part of of the UEM group, with the vast land bank would want to buy in to Sunrise. It's got Nusajaya with the 3400 hectares of land as well as all that.
What has Sunrise got? It's most touted endowment winning skills which the UEM boys have been so soft with though think they cannot sense or take somewhere else. Its proprietor architect in chief- Saiful Anuar Abdul Ghani found himself so overwhelmed by Sunrise's magic? Also, it's got the Tong Kooi Ong- formerly boss of Phileo Allied. And UEM Land has usually got Wan Abdullah Wan Ibrahim. Wan Abdullah who? Pales in comparison to the myth-making Thong of Phileo , the monetary wunderkind.
Hence UEM land fit the buy-in of Sunrise being founded on:
* Leveraging upon Sunrise Group's robust monetary strengths as well as prospects
* Accelerate UEM Land's own commercial operation expansion
* To secure brand new growth projects
* And, to emanate an additional Capital Land (Singapore state-own association which is the single of Asia's greatest skill developers)
The understanding would result in:-
* UEM Group's shareholding in UEM Land will tumble to around 60%
* Major shareholder of Sunrise will have interest of around 9% in UEM Land
* Creating an len! gthened organisation with total item bottom of over RM5bn
Sunrise has reached the finish already. With no some-more land bank, the usually approach it can grow serve was to tempt an additional swain to take over. They found the single in the able as well as willing UEM land.
UEM doesn't have the imagination in luxury growth as well as they do not have the selling skills.Are these admissions of incompetence or inverted piety in use to get support?
The understanding was founded as well as fit upon the assumption which by buying in to Sunrise, UEM land would precedence upon the special skills represented by Sunrise. What have been those urge tell. Acquiring the art of presence known usually to Tong Kooi Ong? Getting the secrets of office building high finish condominiums? And it accomplishes this by issuing shares worth RM 1.4 billion as well as by volunteering to reduce UEM's share in UEM land by during least 40%?
You had the analysts singing praises for the deal- the public was induced in to believing which the merger would complement UEM Land's lack of imagination in high-rise, high-end skill development. This was the motive which was most perplexing; UEM land can set up highways as well as alternative award-winnable buildings during KL Sentral, it needs the special skills which could usually be found in Sunrise? The skills during Sunrise have been not learnable?
The office building skills of Sunrise were so unknowable as well as un-learnable such that, which scarcity can usually be resolved by buying over Sunrise for RM 1.4 billion? Why would Sunrise with the endowment winning constructions predominantly during Bukit Kiara wants to be gobbled up? Because it can precedence upon the vast land bank which UEM land has. It knows it can get the hands upon EPF money. It additionally know it can get supervision backing. And also, be! cause To ng Kooi Ong wants to shed his buddy to Anwar image. Because it knows given it has the skills, it can browbeat the brand new organizational make up of UEM Land-Sunrise by controlling the vital as well as key components of the revised corporate entity. Tong will control the growth side of the business. we hear he is reworking whatever UEM Land has planned thus far. So how does UEM land sense the skills from Tong if they have been not in the driver's seat?
Tong will underline prominently in the understanding by his Casa Unggul Sdn Bhd being the single largest shareholder with the 24.41% stake. The Employees Provident Fund Board has 12.61% voting shares in Sunrise.!
Since then, did the people in UEM Land as well as UEM expand their knowledge about to how to construct high finish condominiums? Can we ever imagine- the conglomerate as well as the commercial operation entity with so most fingers in so most pies ( they have essentially run out of fingers by the way) claiming pubescent ignorance which they do not how to do what Sunrise has been doing? Yet they can set up impressive seeking buildings, highways as well as so forth. You mean we have been profitable humongous arrangement packages to bozos using UEM as well as UEM land?
Wasn't this the big motive when the public asked because contingency UEM land play ground their resources in Sunrise? They said they longed for to sense the pretence in office building up market properties similar to S! unrise d oes during their Kiara complexes.
Now, we ask you, if we want to sense the bulb of the commercial operation which have made Sunrise the topnotch name, were do we start? We will begin during the operations right? At the selling dialect right? Because these have been the dual things UEM Land says it doesn't have.
Does UEM Land have the people there? Its COO is Lum Tuck Ming. Its boss of St! rategic Marketing is Edward Sutton. Didn't UEM contend it doesn't have the operational skills as well as selling expertise? Instead during UEM Land we have so most unhappy executives resigned in their beliefs, they have been defective which people during Sunrise.
So, can we ask UEM land, have they placed their people in the operations dialect as well as selling departments? Or have been they delighted during carrying their people placed as ancillary casts in the support service's department- accounts as well as bean counting as well as alternative clerical functions.
If they haven't, afterwards their most publicized stipulation which they have been injecting UEM Land resources in to Sunrise as the means to cultivate as well as rise technical knowledge was all longhorn manure. They were substantially during it, because the little people during UEM made tons of money for ancillary the preference to inject UEM land resources in to Sunrise. Sunrise hasn't got any land bank left baby- we have been giving them an extended lease. UEM could have partnered an additional supervision linked association such as Sime Darby or any a single else. Sime Darby can set up high finish condominiums too right.
So if it were not the crime, we would pull all those responsible for maneuvering the entrance of UEM land in to Sunrise , line them up as well as have them shot the single by one. Perhaps with an elephant gun.
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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