KUALA LUMPUR (July 17): Trinity Corporation Bhd is set to launch a series of joint venture development next year which expects to bring in over RM100 million in the next 2 years.
Speaking after the company's annual general meeting on Tuesday, its non-independent non executive director Tan Sri Chan Ah Chye said the group will complete its remaining stalled projects by the end of this year.
"Of the 13,000 houses stalled, we have only a few hundreds to go which we hope to complete by end of this year," said Chan.
Chan also brushed off the recent allegation that the Selangor state government had overpaid for Trinity/Talam's land.
"As far as we are concerned, it is a non issue. All the truth are contained in the circular and they are public documents. If they care to read it, all these issues don't even arise.
"We don't need to explain. If they want the answer then go read our circular and prospectus. We don't need to reply to something that is merely false accusation," said Chan.
He also added that Trinity had not merely pared down its debt via contra of land with the Selangor state.
"We are also selling a lot of land to other people. What we sold to the state is only part of it," said Chan.
Written by Sharon Tan of theedgemalaysia.com
No comments:
Post a Comment