Tan Sri Azman's Family Privatised AMCORP Properties on Nov 2021
|"LARGEST OVERSEAS INVESTMENT ARE ALL LOCATED IN CENTRAL LONDON - MAYFAIR, CAMPDEN HILL, BELGRAVIA AND SOUTHWARK"|
The family privatised AMCORP Properties Berhad (AmProp) last year and so AmProp is no longer listed on Bursa Malaysia w.e.f 22 November 2021. AmProp's results for FYE 31 March 2021 were total revenues of RM139.6 million and pre-tax profit RM24.57 million. Profit came mainly from Overseas Properties and the Renewable Energy division in Malaysia.
Bankside Yards (located along the South Bank of River Thames) and Kilmuir House in Belgravia (London Borough of Westminster) are the two significant London-based development projects of the Group. In Malaysia sustainable income is derived from the hydro power plants in Sungai Liang and Sungai Perting. The 20MW Sungai Liang Mini Hydro Power Plant won the prestigious ASEAN Renewable Energy Project Award 2020 for the “On-Grid (National Grid)” category.
SHALINA AZMAN (54) holds a Bachelor of Science in Business Administration majoring in Finance and Economics from Chapman University, California, USA. In 1993, she obtained her Masters in Business Administration from University of Hull in United Kingdom. She has been with her father's AmCorp Group since 1990. On 30 July 2007 she was appointed Deputy Chairman of AmProp and then redesignated as Chairman on 31 October 2014.
Her father, Tan Sri Azman Hashim (81) still holds 13% stake in the AMBank financial services Group which is the sixth largest banking group by assets in Malaysia (RM170.2 billion) as at 31 March 2021. For FYE ended 31 March 2021 The AmBank group reported revenues of RM4.55 billion and profit before impairment losses and settlement of RM2.42 billion.
Will Tan Sri Azman be disposing of his strategic stake anytime soon?
- Amcorp Properties Berhad. Annual Report 2021. https://www.klsescreener.com/v2/announcements/view/3416937
- AMMB Holdings Berhad. Annual Report 2021. https://www.ambankgroup.com/eng/InvestorRelations/AnnualReports/Pages/2021.aspx