yeah so many... lol... if unsure please ask... don't jump into conclusion...
for starters...
"doe allow them to reclaim first and look for another investor later?"
DOE = department of environment... they do not care if land sells or not... they only make sure it doesn't cause damage to environment... Please study harder if you want to post with that kind of tone.... the rest.... please read post by taciturn and also related news...
if you cant find the articles posted previously... please report the spammers "all_man_are_brothers , happyvincent, taciturm" they turned this forum into crap.
Pengerang oil terminal capacity already rented for Total and BP Tg langsat and Tg bin terminal are expending as well. Singapore oil terminal also almost reach full capacity
Wondering why benalec still on-hold Tg piai project
Anyone stay nearby Tanjung Piai or JB ? Does Benalec started any reclamation work at Tanjung Piai ?
China can't find enough space to storing their crude oil and now they even pay 100k USD per day for crude carrier to renting vessel as oil storage. Demand of storage space is good especially when oversupply. those exceed production need a space to be stored.
Benalec Holding MD remuneration is paid RM8million. But the total dividend to be paid to all shareholders’ is only RM2.4million. This is ridiculous !!!!!!
Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.
Benalec Holding Directors’ Remuneration. From annual report. They boast that BENALEC management has been very transparent about it. No. of Directors - 6 RM250,000 to RM300,000 - 1 Independent Non-Executive Director RM300,001 to RM350,000 - 2 Independent Non-Executive Directors RM350,001 to RM400,000 - 1 Executive Director RM400,001 to RM450,000 - 1 Executive Director RM7,500,001 to RM8,000,000 -1 Executive Director
Muhibbah Engineering (M) Bhd Directors’ Remuneration. The number of Directors whose total annual remuneration falls within the following bands is as follows:- No. of Directors - 11 Below RM50,000 – 2 Independent Non-Executive Directors RM50,001 to RM100,000 – 3 Independent Non-Executive Directors RM100,001 to RM150,000 - 2 Independent Non-Executive Directors RM700,001 to RM750,000 - 1 Executive Director RM1,000,001 to RM1,050,000 - 2 Executive Directors RM1,250,001 to RM1,300,000 - 1 Executive Director
The remuneration package paid to Benalec Holdings Bhd’s group managing director Datuk Leaw Seng Hai, which has been labelled “excessive”, has roused the ire of some minority shareholders.They claimed that Leaw’s remuneration ranges between RM7.5 million and RM8 million in the group’s financial year ended June 30, 2014 (FY14), which is comparable to Benalec’s full-year net profit that year, which was RM7.12 million. http://www.theedgemarkets.com/my/article/benalec-md%E2%80%99s-remuneration-questioned
Listen to the Business Radio Station BFM 89.9 to hear how they comments the higher paid of Benalec Holding RM8million to MD remuneration. http://www.bfm.my/biztalk-dom-141223.html
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has awarded a contract to China Communications Construction Company (M) Sdn Bhd (CCCC Malaysia) to undertake the land reclamation works for Seri Tanjung Pinang Phase 2 (STP2) in Penang.
Benalec is an outstanding business with outstanding management. Sorry, the latter is not true. That's the whole problem with this company. Do you think he cares? He withdraws RM7 to 8 million a year from the company. Even CEO of Maybank the biggest bank in Msia doesn't demand that pay.
It is not All Man Are Brothers but Old Man Are Brothers who making noises like flies.
From law perspective, nothing wrong for MD to get high pay. Shareholders' approvals only require for independent director fee. Just vote down the independent directors fee to make them work harder. FINISH
Inix Technologies diversifies into dredging and land reclamation. Affin Research said Galactic’s maiden land reclamation project was for Benalec Maritime Sdn Bhd, for RM15.8mil in Klebang, Melaka.
BENALEC NOTICE OF ANNUAL GENERAL MEETING ON 25 NOVEMBER 2015
AGENDA ORDINARY BUSINESS 1. To receive the Audited Financial Statements of the Company for the financial year ended 30 June 2015 and the Reports of the Directors and Auditors thereon. Please refer to Note A 2. To approve the payment of a Final Single Tier Dividend of 0.3 Sen for each Ordinary Share of RM0.25 each in respect of the financial year ended 30 June 2015. Resolution 1 3. To approve the payment of Directors’ fees of RM540,000 for the financial year ended 30 June 2015. Resolution 2 4. To re-elect Mr Wong Yoke Nyen, a Director retiring by rotation pursuant to Article 108 of the Company’s Articles of Association and being eligible, has offered himself for re-election. Resolution 3 5. To re-appoint Messrs BDO as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. Resolution 4 SPECIAL BUSINESS 6. To consider and if thought fit, to pass the following as Ordinary Resolution in accordance with Section 129(6) of the Companies Act, 1965 (“the Act”): “THAT Mr Koo Hoong Kwan who is over the age of seventy years and retiring pursuant to Section 129(2) of the Act, be and is hereby re-appointed as a Director of the Company to hold office until the next Annual General Meeting.” Resolution 5 To consider and if thought fit, to pass the following Ordinary Resolutions with or without modifications.
Since the AGM for FY 2015 will be held soon, those of you who have made numerous comments critical of the company and the MD should attend and raise the issues, equally critically and strongly as you have posted in this forum, at the AGM. In this way, it will be recorded in the minutes and the impact will be there.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rizerlee
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Posted by rizerlee > 2015-09-21 21:33 | Report Abuse
Any news about E&O STP2 reclamation work ?