Operations Review - ChartNexus

Operations Review
Properties
The year under review saw PROTON focusing on the disposal
of non-core assets, which were mostly residential units
and a few parcels of vacant land held by wholly-owned
subsidiaries.
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PROTON Group’s main manufacturing-based assets are located in Shah Alam and Glenmarie
in Selangor, and Tanjung Malim in Perak. Other assets comprise our primary administrative
building known as the Centre of Excellence in Subang Jaya as well as the numerous 3S
centres nationwide.
In recognition of the PROTON Sports Complex being one of Tanjung Malim’s most wellequipped
sports facilities, it was selected by the Football Association of Malaysia as the
home stadium for Proton FC for its President’s Cup League 2008. It is our intention to carry
on improving and upgrading these facilities in order to become Southern Perak’s leading
hub for sports and social activities.
Additionally, Proton City Development Corporation Sdn Bhd, a 40% owned associate
company, continued to enhance visibility for Proton City in Tanjung Malim. Proton City
was planned with modern infrastructures, recreational park and rich landscaping which
have all contributed towards making it a viable investment option for buyers of residential
units in the area.
While the year ahead poses its challenges given the downturn in the economy, to ensure
the marketability of Proton City, we will focus on re-planning selected products to better
cater to discerning home buyers. The undeveloped land bank in Proton City remained at
2,720 acres at the end of the fiscal year.