and its subsidiaries, including TH Properties.
The following are Tabung Haji assets held in Australia.The details have been extracted from the year end 31 December .Tabung Haji has a 50% interest in all of these via wholly-owned subsidiary TH Properties SB:
TH Properties Sdn. Bhd. and its jointly controlled entities:
Piety Capital Pty. Ltd. Property development
Piety THP Capital Pty. Ltd. Property development
Piety THP Developments Pty. Ltd Property development management services
The following are companies incorporated in Australia, in which Tabung Haji has a 10% interest:
Incorporated in Australia
LTH Property Investment (L) Inc. and its trust fund: Rental of investment property
TH Trust* and its trust fund: Rental of investment property
(* Trust funds)
747 CS Melbourne Trust Rental of investment property
THP Australia Capital Pty Ltd. and its subsidiaries: THP Amanah Pty. Ltd
THP Amanah Pty. Ltd. Trustee to the Piety THP Venture Fund which invests in the Bay Pavillions Trust
THP Treasury Pty. Ltd Trustee to the THP WP1 Trust
Has the MOF's Urusharta Jamaah SB taken possession of these Tabung Haji assets held in Australia ? Proof is needed, given Dato Rozali's continued presence on the Piety THP board?
Are these the only assets in Australia, or are there other assets held via the various trust funds listed above?
The 2017 Annual Report is the latest available on the Tabung Haji website.
END
Thursday, February 20, 2020
Dato’ Roszali Bin Othman, former Group MD, CEO of TH Properties still represents TH,Tabung Haji in the Australian PietyTHP venture :Why is he still there, have PietyTHP assets, business been transferred to Urusharta Jamaah Sdn Bhd
by Ganesh Sahathevan
From the PietyTHP website:
From the PietyTHP website:
Dato’ Roszali Bin Othman
Director
Dato’ Roszali Othman, 57, was appointed the Group Managing Director and Chief Executive Officer of TH Properties on July 1, 2011 owing to his years of experience in the industry.
He holds a B.Sc. (Hons) in Land Surveying Sciences from the University of East London. He attended the Advanced Management Program at INSEAD, Fontainebleau, France in 2004, and also the Oxford Advanced Management Program at Said Business School, University of Oxford, United Kingdom, in 2008.
He has held directorships in various companies since 2001 including Chief Operating Officer of Megara Properties (M) Sdn Bhd, Director of Property of Golden Hope Plantation Berhad / Golden Hope Development Sdn Bhd, and Director of Property of Island & Peninsular Berhad.
Dato’ Roszali is currently the Chairman of THP Bina Sdn Bhd, THP Hartanah Sdn Bhd, Thp-SBB JV Sdn Bhd, and TH Universal Builders Sdn Bhd, as well as a Board Member of TH Properties Sdn Bhd, THP Enstek Development Sdn Bhd, THP Sinar Sdn Bhd, THP Development Consultancy Sdn Bhd, THT-HCM JV Sdn Bhd, Ultimate Building Machine Sdn Bhd, Roadcare (M) Sdn Bhd, and HCM-TH Technologies Sdn Bhd. He is also a Fellow of the Institution of Surveyors, Malaysia (FISM).
He holds a B.Sc. (Hons) in Land Surveying Sciences from the University of East London. He attended the Advanced Management Program at INSEAD, Fontainebleau, France in 2004, and also the Oxford Advanced Management Program at Said Business School, University of Oxford, United Kingdom, in 2008.
He has held directorships in various companies since 2001 including Chief Operating Officer of Megara Properties (M) Sdn Bhd, Director of Property of Golden Hope Plantation Berhad / Golden Hope Development Sdn Bhd, and Director of Property of Island & Peninsular Berhad.
Dato’ Roszali is currently the Chairman of THP Bina Sdn Bhd, THP Hartanah Sdn Bhd, Thp-SBB JV Sdn Bhd, and TH Universal Builders Sdn Bhd, as well as a Board Member of TH Properties Sdn Bhd, THP Enstek Development Sdn Bhd, THP Sinar Sdn Bhd, THP Development Consultancy Sdn Bhd, THT-HCM JV Sdn Bhd, Ultimate Building Machine Sdn Bhd, Roadcare (M) Sdn Bhd, and HCM-TH Technologies Sdn Bhd. He is also a Fellow of the Institution of Surveyors, Malaysia (FISM).
Rozali is no longer the Group MD, CEO of THP, so the question arises why he has been allowed to remain on the Piety-THP Board. Readers will recall that the assets held in this JV are meant to have been transferred to Urusharta Jamaah Sdn Bhd, and wholly-owned subsidiary of the Ministry Of Finance Malaysia.
END
TO BE READ WITH
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