YTL Corporation Berhad (MYX: 4677, TYO: 1773) is a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay, after whom the group name is. The company has grown from a small construction company to an international utility company that gets more than 70 percent of its revenue from outside its home country.
Video YTL Corporation
Histori
YTL Corporation (YTL Corp) was founded by Tan Sri Dato 'Seri (Dr.) Tiong Lay in 1955. His eldest son, Tan Sri Dato' Seri (Dr.) Francis became Managing Director of YTL Corp. in 1988. Under Yeoh's stewardship, The YTL Group grew from one registered entity in 1985 to a group of five listed companies. Today, YTL Corp. is one of Bursa Malaysia's largest companies and together with its registered subsidiaries have a combined Market Capitalization of approximately RM30.8 billion (US $ 10.15 billion). The company has also been listed on the Tokyo Stock Exchange since 1996, becoming the first non-Japanese company in Asia listed there.
YTL Group has an average annual combined growth rate of 55% over the 15 years to 2010. The group's business portfolio includes power, utilities, cement, construction, real estate, information technology and recreation in Asia-Pacific and Europe. These business units contribute at least RM1bil a year in dividends to YTL Corp.
Among the main business groups are utility, operations and maintenance (O & M), high speed rail, cement manufacturing, construction contracts, property development, hotel & amp; resorts, technology incubation, real estate investment trust (REIT), and carbon consultation. YTL serves over 12 million customers on more than three continents.
In 2010, a survey of Top 100 Malaysian Business Companies on Malaysia's largest listed companies, YTL Corp. has emerged as Malaysia's largest non-governmental corporation. YTL Corp was also named as one of 250 Best Global Energy Companies in Asia under the rank of 250 Global Top Platts Energy Companies and also ranked 15th overall in Asia's Fastest Growing Companies.
Maps YTL Corporation
Subsidiaries
YTL's major subsidiaries are YTL Power International Berhad, YTL Cement Berhad, Yeoh Tiong Lay Sdn Bhd Construction Company, YTL Land & amp; Development Berhad, YTL & amp; Property Sdn Bhd, YTL e-Solutions Bhd and YTL-SV Carbon Sdn Bhd.
YTL Power International
YTL Power International Berhad (YTLPI) is a utility subsidiary of YTL Corp. YTLPI owns and operates some 5,500 MW of gas, oil and coal-fired power plants in Malaysia, Singapore and Indonesia. YTLPI is the first IPP (independent power producer) in Malaysia with two combined gas cycle power plants combined with a combined capacity of 1,212 MW. Both factories are located in Paka, Terengganu, and Pasir Gudang, Johor. This license was granted after a major power outage in Malaysia in the mid-1990s, for 21 years and ended in September 2015.
YTLPI owns 35% stake in PT Java Power, Indonesia's second largest IPP, which has a 1.220MW coal-fired power plant located at the Paiton Power Plant Complex in East Java, Indonesia. YTLPI through its wholly owned subsidiary, PowerSeraya Limited in Singapore, is the second largest power generating company in terms of installed capacity, with a total license capacity of 3100 MW, and is also an active trader of oil products which has about 1 million m3 of storage capacity.
YTLPI owns a 100% stake in Wessex Water Services Limited, a water and sewage service company serving the area in southwest England. YTLPI owns one-third of shares in ElectraNet S.A. which owns and operates an electrical transmission network in South Australia.
YTLPI also owns a 60% interest in YTL Communications, approved by the Malaysian Communications and Multimedia Commission (MCMC) to operate the 2.3 GHz WiMAX wireless broadband network in Malaysia known as YES, launching its service on November 19, 2010.
YTL Power International Berhad (YTLPI) signed on 13 December 2010 an agreement in Amman, where YTLPI acquired a 30% stake in Estonian oil company Eesti Energia, a Jordanian oil shale project. Under the agreement, Eesti Energia and its Yordanianya Near East Investment partner, together with YTL Power will develop an oil mill with an output of around 38,000 barrels per day (bpd) and a 900-mega-shale oil-fired power plant.
Cement YTL
YTL Cement Bhd is a manufacturer of ready made cement and concrete products in Malaysia with an interest in Jurong Cement Limited in Singapore and a 100% stake in Zhejiang Lin'an Jin Yuan Cement Co. Ltd. in China.
YTL Construction
YTL Corp.'s flagship construction branch is 100% YTL Construction, Malaysia's "Class" Turnkey contractor, which completes approximately RM7.25 billion (US $ 2.1bn) worth of contracts as per schedule and budget.
YTL Land & amp; Development
YTL Land & amp; Bhd Development (YTL L & D) currently has a land bank of more than 2,000 hectares in Malaysia. His biggest project now is Sentul, an urban renewal project, is a 294-acre residential and commercial development and the first private park in Malaysia. YTL Land will also develop Sandy Island and Kasara villas at Sentosa Cove Singapore and rebuild Westwood Apartments on Orchard Boulevard.
YTL Hotel
YTL Hotel (YTL Hotels & Properties Sdn Bhd) is a hospitality agency of YTL Corp., engaged in the ownership and management of hotels and resorts as well as the operation of luxury trains in Malaysia, Australia, China, Indonesia, Japan, Thailand and the United Kingdom. The majority of hotel assets are owned by YTL Hospitality REIT, which is listed on Bursa Malaysia Securities Berhad Main Market under the name Starhill REIT on December 16, 2005.
The YTL Hotels has a 462ha mountain ski resort, Niseko Village in Hokkaido, Japan and plans to develop it into a world-class alpine destination.
In February 2014, the company announced the acquisition of Thermae Development Co Ltd, which holds a license to operate the Thermae Bath Spa complex, located at Unesco World Heritage City of Bath in the United Kingdom for £ 12 million (RM65.08mil).
List of Properties
Australia
- Sydney Harbor Marriott Hotel
- Melbourne Marriott Hotel
- Brisbane Marriott Hotel
Jepang
- Niseko Village, Hokkaido
- Hilton Niseko Village
- Desa Niseko Green Leaf
- Kasaro Niseko Village Townhouse
Malaysia
- The Ritz-Carlton Kuala Lumpur
- The Residences at Ritz Carlton Kuala Lumpur
- JW Marriott Kuala Lumpur
- Pangkor Laut Resort
- Muse Pangkor Laut Estates
- Tanjong Jara Resort
- Cameron Highlands Resort
- Gaya Island Resort
- The Majestic Hotel Kuala Lumpur
- The Majestic Malacca
- Vistana Hotel Kuala Lumpur
- Vistana Hotel Kuantan
- Vistana Hotel Penang
Other Asian Countries
- Swatch Art Peace Hotel, Shanghai, China
- Spa Village Resort Tembok Bali, Indonesia
- The Surin, Phuket, Thailand
Eropa
- Muse Saint-Tropez, Prancis
- Muse Bray Cottages, Inggris Raya
- Muse Casa Marbella, Spanyol
- The Gainsborough Bath Spa Hotel
YTL e-Solutions
YTL Corp. initiated IT and e-commerce initiatives through 74% of YTL e-Solutions Bhd, a technology incendiary listed on the MESDAQ market in Bursa Malaysia. Infoscreen Networks PLC is a digital refining business registered in the Alternative Investment Market on the London Stock Exchange, through Info Screen YTL Sdn Bhd owns and operates four narrow digital media networks in Bukit Bintang area in Kuala Lumpur, and at Express Rail Link train to Kuala International Airport Mud in Malaysia.
YTL-SV Carbon
In 2008, YTL Corp. acquired 75% stake in the Malaysian Clean Development Mechanism (CDM) developer, YTL-SV Carbon Sdn Bhd (later known as SV Carbon), which is currently Malaysia's largest and fifth largest CDM consultant. in ASEAN with projects in Malaysia, Indonesia, Vietnam and China.
Acquisitions
ElectraNet Pty Ltd
In 2000, YTL Power has acquired 33.5% of Australia ElectraNet Pty Ltd for some RM1.9 billion. ElectraNet owns and operates an electrical transmission network in South Australia, under a 200-year power transmission agreement.
Wessex Water
In May 2002, YTL Power International acquired 100% of Wessex Water shares worth Ã, £ 544.5 million in cash and assumed Ã, Â £ 695 million in debt. Wessex Water is a regional water and sewerage operator in the United Kingdom, serving the southwest and south of England. Areas covered by Wessex Water include Dorset, Somerset, Bristol, most of Wiltshire and parts of Gloucestershire and Hampshire.
PT Java Power
In 2004 YTL Power International purchased 35% of PT Java Power shares worth US $ 139.4 million from PT Bumipertiwi Tatrapradipta, holding 15%. Another shareholder is Siemens Project Ventures GmbH with 50% interest. PT Java Power is the second largest independent power producer (IPP) in Indonesia. It has a 1,220 MW coal-fired power plant located at the Paiton Power Plant Complex in East Java, Indonesia. PT Java Power has a 30 year PPA with PT PLN (Persero), a state-owned electric utility company.
Starhill Global REIT
In October 2008, YTL Corporation announced that it will acquire a 26% stake in Starhill Global REIT (then known as Macquarie Prime REIT) for S $ 202 million. Based on the acquisition price, it is a 49% discount for net asset value and the estimated dividend yield for 2009 is approximately 9.4%. Starhill Global has a property portfolio consisting of two renowned shopping complexes at Orchard Road, Singapore - Wisma Atria and Ngee Ann City. In Tokyo, it has seven properties located in the main area of ​​Roppongi, Shibuya-ku, Minato-ku and Meguro-ku and also a retail property known as Renhe Spring Zongbei Department Store in Chengdu, China. The acquisition of David Jones Building in Perth, Australia in early 2010, was completed with a purchase price of A $ 114.5 million. On June 28, 2010, the acquisition of Lot 10 and Starhill Gallery in Kuala Lumpur, Malaysia expanded Starhill Global REIT's portfolio to 13 assets located in Singapore, China, Japan, Australia and Malaysia.
PowerSeraya
In December 2008, YTL Power International Bhd announced that it would pay S $ 3.6bilsi cash and take out a debt of $ 201 million for PowerSeraya Ltd. PowerSeraya is Singapore's second largest power generating company with installed capacity, supplying about a quarter of Singapore's total licensed generation capacity. It has a capacity of 3,100 MW power plants and is located in Jurong Island, Singapore. Seraya Energy Pte Ltd, a 100% subsidiary of PowerSeraya, owns 18% of Singapore's total market share in 2007.
References
External links
- Official website
Source of the article : Wikipedia
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