Hotels, Restaurants and Leisure
Company Overview of Reliance Pacific Bhd
Reliance Pacific Berhad, an investment holding company, provides travel and tour, coach hire, and other related services in Malaysia, Australia, and internationally. The company operates through Hotel, Property, and Tourism segments. The Hotel division develops and manages hotels; manages resorts; operates and manages spa and health centre; and provides management services for hotel suites and service apartments. This division also provides property marketing and management services; and management and advisory consultancy services for hotel, property, and tourism industry. The Property division develops hotels, resorts, and properties; develops and manages tourism related projects; and oper...
Level 3, Block E
Southgate Commercial Centre
No. 2, Jalan Dua, Off Jalan Chan Sow Lin
Kuala Lumpur, 55200
Key Executives for Reliance Pacific Bhd
Reliance Pacific Bhd does not have any Key Executives recorded.
Reliance Pacific Bhd Key Developments
Reliance Pacific Bhd Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015
Aug 28 15
Reliance Pacific Bhd announced unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported revenue of MYR 42,493,000 compared to MYR 42,475,000 a year ago. Loss before tax was MYR 2,177,000 compared to profit before tax of MYR 385,000 a year ago. Loss for the period attributable to owners of the parent company was MYR 2,228,000 compared to profit for the period attributable to owners of the parent company was MYR 323,000 a year ago. Basic loss per share was 0.26 sen compared to earnings per share of 0.04 sen a year ago. Net cash flows used in operating activities were MYR 165,000 compared to net cash flows generated from operating activities of MYR 9,326,000 a year ago. Purchase of property, plant and equipment was MYR 287,000 compared to MYR 757,000 a year ago. Purchase of land held for development was MYR 533,000 compared to MYR 424,000 a year ago.
Reliance Pacific Bhd, Annual General Meeting, Sep 23, 2015
Aug 27 15
Reliance Pacific Bhd, Annual General Meeting, Sep 23, 2015., at 15:00 Singapore Standard Time. Location: Perdana Ballroom, Bukit Jalil Golf & Country Resort. Agenda: To consider and receive the audited financial statements together with the reports of the directors and auditors for the financial year ended March 31, 2015; to consider the re-appointment of Messrs AljeffriDean as auditors and that authority be and is hereby given for the directors to determine their remuneration; to consider the approval of directors' fees for the financial year ended March 31, 2015; to consider the re-election of directors; to consider the proposed renewal of existing shareholders' mandate and new shareholders' mandate on recurrent related party transactions of a revenue or trading nature; and to transact any other business of which due notice shall have been given in accordance with the Companies' Act, 1965 and the company's articles of association.
Reliance Pacific Bhd Secures Additional Banking Facilities of MYR 71 Million from RHB Bank Berhad
Aug 26 15
The Board of Directors of Reliance Pacific Bhd (RPB) announced that on August 25, 2015, it has secured additional banking facilities of MYR 71 Million from RHB Bank Berhad. The Banking Facilities include Term Loan of MYR 70 Million and Bank Guarantee of MYR 1 Million. The Term Loan is for a period of up to 96 months from the date of the 1st drawdown. The Banking Facility shall be utilised for the purposes: Refinance all existing credit facilities with Malayan Banking Berhad to release legal charges on Avillion Port Dickson land; refinance RPB's existing credit facilities with OCBC Bank to release legal charge on Admiral Hill Hotel Sdn Bhd; to repay existing short term Overdraft 3 (OD3) granted for start-up cost of the Property Division and as working capital and to release existing lien holder caveat over Land held under Geran 76526 and 64282 and five super prime units of Avillion Admiral Cove Resort's Marina View Suites; and deposit guarantee pursuant to Housing Developer Account requirement under the Housing Developer Act and for issuance of performance bond/guarantee and/or financing guarantee/deposit to regulatory bodies. The Bank Guarantee facility will be made available for 3rd party utilisation by all RPB's subsidiaries, subject to execution of Letter of Indemnity and Board resolution.
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