KUALA LUMPUR (June 24): Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulphur fuel for ships, a senior company official said on Monday.
The project consists of a crude distillation unit that can process 30,000 barrels per day of crude and is located on the same site as Vitol's oil storage terminal at Tanjung Bin in the southern Malaysian state of Johor, Vitol Asia's President and Chief Executive Officer Kho Hui Meng said.
This company own big piece of land in the city of Melaka and near seaside .... cover the coast of Melaka and many developer is coming out with new building surrounding it e.g.impression city , medical center, government offices, leisure and more .. most properly the owner is sleeping or no talent or weak to improve. The management team should be removed and change for this reason.
I am back again. Now this company is worse than Kuih Talam. Each piece of Kuih Talam is RM1.00.
141 pieces Kuih Talam, you can buy 1000 shares. Seems daughter also useless cant do much so called graduated from Top Universities. Only make the university shameless for incapable.
A bunch of potato. Last time a group of smart people inside but due to office politics, all good staff forced to resign by key management aka COO with no qualification and experience kicked out GM and invite those sohai Mak Koh.
In the meantime, significant reclamation works have been undertaken by the subsidiaries of the Group for our projects located at Tanjung Piai and Pengerang (both in Johor), whereby approximately RM 418.8 million of development costs have been incurred and capitalised as land reclamation work-in-progress. As the Development Agreements for these projects (which grant us the exclusive right to undertake the reclamation and development of the projects) were entered into with the State Government of Johor directly, no revenue or profit can be recognised throughout the reclamation and development process according to accounting standards.
Any revenue or profit can only be recognised upon successful disposal and/or leasing of the said land to third parties
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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....
vivabursa
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Posted by vivabursa > 2019-04-19 14:25 | Report Abuse
Benalec should have develop or JV the land and make profit rather than waiting to sell the land