August 28, 2014 12:36 PM ET

Real Estate Management and Development

Company Overview of UEM Land Berhad

Company Overview

UEM Land Berhad, through its subsidiaries, develops townships, and provides construction and engineering services. Its townships comprise residential, commercial, industrial, and institutional communities. The company was incorporated in 1982 and is based in Kuala Lumpur, Malaysia. UEM Land Berhad operates as a subsidiary of UEM Sunrise Berhad.

16-1, Mercu UEM

Jalan Stesen Sentral 5

Kuala lumpur Sentral

Kuala Lumpur,  50470

Malaysia

Founded in 1982

Phone:

60 3 2727 6000

Fax:

60 3 2727 2000

Key Executives for UEM Land Berhad

Managing Director
Age: 56
Compensation as of Fiscal Year 2014.

UEM Land Berhad Key Developments

Intelsec Sdn Bhd Enters into Joint Venture Agreement with UEM Land Sdn Bhd and Iskandar Innovations Sdn Bhd

Telekom Malaysia Berhad through its wholly owned subsidiary, Intelsec Sdn Bhd has entered into a joint venture and shareholders agreement with UEM Land Sdn Bhd and Iskandar Innovations Sdn Bhd, a owned subsidiary of Iskandar Investment Berhad for the establishment of a Joint Venture Company which will carry on the business of a managed services operating company to provide smart building services and smart city services. JV Co will be established pursuant to the Joint Venture and Shareholders Agreement and Intelsec, UEML and IISB shall hold 51%, 39% and 10% respectively of the equity interest of the JV Co. The total consideration of the proposed subscription of 31,110,000 of the authorised share capital of the JV Co of MYR 1.00 each by Intelsec is MYR 31,110,000.00. JV Co will carry on the business of a managed services operating company to provide smart building and smart city services, including to build, provision and manage the smart building services, including smart tenant services, for the building owners, operators, residents and visitors; to design, build and operate smart city services, which include private smart city safety and security services, energy and facility management; and to design, build and operate the smart city infrastructure for the provision and management of both smart building and smart city services. JV Co shall have an authorised share capital of MYR 61,000,000.00 divided into 61,000,000 ordinary shares of MYR 1.00 each. The initial issued and paid up share capital of the JV Co shall be MYR 15,000,000.00 divided into 15,000,000 ordinary shares of MYR 1.00 each. The company, UEML and IISB have further agreed to an additional future capital contribution of MYR 43,000,000.00 at such a later time as may be determined by JV Co’s Board of Directors for the purpose of funding the JV Co business as per the aforesaid proportion.

UEM Land Sdn Bhd, Iskandar Investment Berhad and Telekom Malaysia Berhad Extends Validity of Collaboration Agreement for Additional Duration of Six Months to June 3, 2014

UEM Sunrise Berhad announcements dated 4 December 2012, 26 April 2013 and 3 June 2013 in respect of the Collaboration Agreement (CA) entered into between UEM Land Sdn Bhd, Iskandar Investment Berhad and Telekom Malaysia Berhad to participate in the provision of Information Communication and Technology (ICT) infrastructure and telecommunication services in Nusajaya, Iskandar Malaysia. The Company informed that subsequent to the first Definitive Agreement signed on 26 April 2013 in the area of UniFi Bundling Service and the subsequent extension of the CA announced on 3 June 2013, all parties are still in negotiations to conclude and finalise the Definitive Agreement(s) in other areas of collaboration. All parties have also agreed to extend the period of validity of the CA for an additional duration of 6 months from the date hereof until 3 June 2014 or such other date as the Parties may agree in writing.

UEM Sunrise Berhad Updates in Relation to the Collaborative Agreement Between UEM Land Sdn Bhd, Iskandar Investment Berhad, Telekom Malaysia Berhad, CENTIOS CO LTD. and Cisco Systems International

UEM Sunrise Berhad announced that on 4 December 2012, 4 March 2013 and 3 June 2013 in respect of the Collaboration Agreement (CA) entered into between its wholly-owned subsidiary, UEM Land Sdn Bhd, Iskandar Investment Berhad, Telekom Malaysia Berhad, CENTIOS CO LTD. and Cisco Systems International B.V. to participate in the establishment of a managed services operating company to realize the aspirations of a Smart and Connected Nusajaya. The company announced that the CA has expired on 3 December 2013 and there is no intention to seek for a further extension.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 7, 2014
Fraser Land
 

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