On a Clean Slate, From Engineering to Oil and Gas, All to Play For

 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.