Urban Development Authority of Malaysia

UDA of Malaysia

The Urban Development Authority of Malaysia (Malay: Perbadanan Pembangunan Bandar Malaysia), commonly abbreviated as UDA, was a governmental agency in Malaysia. It served to launch and oversee urban development projects related to business, industry, and housing. It was also tasked with developing urban infrastructure.[1] After undergoing a couple of status changes, it now exists as UDA Holdings Berhad, a publicly listed company.

History

UDA was established on 12 November 1971 under the Ministry of Public Enterprise. In 1996, it was incorporated and changed its full name to UDA Holdings Sendirian Berhad (UDA Holdings Private Limited). Later in 1999, it changed its status to a public limited company and changed its name to UDA Holdings Berhad. It was subsequently publicly listed on the Main Board of the Kuala Lumpur Stock Exchange (KLSE).[1][2]

Real estate and property

Development

UDA develops and reappropriates urban structures as it sees fit. Although this is mainly confined to redeveloping "dilapidated buildings", UDA is also responsible for conservation of historic urban buildings. Several new towns have been developed by UDA, including the Taman Tun Dr Ismail suburb of Kuala Lumpur, Bandar Tun Hussein Onn in Selangor, and Bandar Baru UDA in Johor Bahru.[3] The development projects of UDA are implemented by its subsidiaries, PNS Development, UDA-Murni Development, UDAPEC, SBBU, and PERUDA Development.[4]

Maintenance

Properties belonging to or managed by UDA are maintained by its subsidiary companies. These properties include shopping complexes and apartment buildings. UBSB is the subsidiary that handles rental collection, carpark management, building maintenance, security, and other assorted services.[5] City Guards is the subsidiary handling most of the security work, with 212 security personnel and 10 branches guarding 22 premises in the states of Selangor, Terengganu, Perak, Johor and Negri Sembilan, as well as the Federal Territory of Kuala Lumpur.[6] Other subsidiaries dealing with maintenance are Daya Urus and Pertama Buildings Management.[4]

Tourism and retailing

UDA has recently expanded into the hospitality industry, operating a hotel and three resorts in Kuala Lumpur, Port Dickson, Kuala Terengganu, and Seberang Prai. These lodgings are run by subsidiaries of UDA as well.[7]

UDA has established a chain of retail outlets through a joint venture subsidiary, UDA Ocean. UDA has also ventured into franchising, and has a fashion line named "Bonia".[8]

Business performance

As of February 2006, the most recent full fiscal year for which statistics are available is 2004. In 2004, after-tax profit for UDA was RM17,665,000. Basic earnings per share was 5.61 sen, and shareholders' funds totaled RM1,159,454,000.[9]

Notes and references

  1. 1 2 Abdullah, Mustaza & Hj. Yahya, MatMarjani (1991). Kemahiran Hidup Bersepadu TERAS, p. 109. Dewan Bahasa dan Pustaka. ISBN 983-62-2316-9
  2. ↑ "INTRODUCTION". Retrieved 17 February 2006.
  3. ↑ "PROPERTY DEVELOPMENT". Retrieved 17 February 2006.
  4. 1 2 "BUSINESS ACTIVITIES". Retrieved 17 February 2006.
  5. ↑ "SERVICES". Retrieved 17 February 2006.
  6. ↑ "PROFILE". Retrieved 17 February 2006.
  7. ↑ "LEISURE". Retrieved 17 February 2006.
  8. ↑ "RETAIL". Retrieved 17 February 2006.
  9. ↑ "UHB FINANCIAL RECORDS". Retrieved 17 February 2006.
This article is issued from Wikipedia - version of the 3/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.