On a Clean Slate, From Engineering to Oil and Gas, All to Play For
Datuk Chong Ket Pen, Protasco Bhd
30-Jan-13 02:15
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Protasco Bhd GMD Datuk Chong Ket Pen discusses:
- Early beginnings - catalyst to striking out in 1992 - engineering consultancy practice;
- Diversified play: Construction / engineering/ trading / property / education and now oil and - mish-mash - issues;
- Construction division: new business in road build or maintenance - pipeline new jobs - Bumi / non-Bumi issues;
- Concessions - govt relations - issues;
- Property Development: timing - pricing - positioning - financing - issues;
- Delivery / timing - issues;
- Earnings uptick - visibility;
- Education business: Management needs - number of students / lecturers - management - issues;
- Kuala Lumpur Infrastructure University College - upgraded to full-fledged University status - implications;
- Expansion into oil and gas business - Indonesia - extent of price - deposit paid - governance - profit potential - risks - background of vendor - relevant experience of company - duration of acquiriees' concessions agreement (from Pertamina) and renewal - ISSUES;
- Board movements - resignation of Executive Deputy Chairman Dato' Mohd Ibrahim bin Mohd Nor - transfer of 27% of company - new directors - implications;
- Placement - 10% - to who - price.
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