- INTRODUCTION
AECCOM Council Members after several meetings, unanimously agreed on 27th December 2001 to buy and change the name of an existing Company, Master Jaya Material Handling Sdn Bhd (249886-X), as a vehicle to essentially engage in commercial activities in environmental consultancy, contracting and training.
- CHANGE OF NAME
Master Jaya Material Handling Sdn Bhd was changed to AECCOM Consortium Sdn. Bhd and duly registered with the Registrar of Companies on 14th February 2002.
The Proposed change of name is to reflect the new corporate identity of the Company in tandem with the core business of the Company.
- RATIONALE OF AECCOM CONSORTIUM SDN BHD
The main objective of AECCOM Consortium Sdn Bhd is to provide training courses as a means of regular source of revenue and to participate in environmental related consultancy and contracting jobs.
- To focus on developing proper and effective training courses to update its AECCOM members (“Members of Association of Environmental Consultants and Companies of Malaysia”) regularly on recent/new developments in the industry.
In encouraging attendance and participation from AECCOM Members in its training activities, AECCOM Consortium hopes that AECCOM Members would regard it as a positive and proactive move towards enhancement of the image, status and dynamism of its profession.
- To tender for environmental consultancy and contracting jobs. AECCOM Consortium aims to tender for medium and large size projects.
The Malaysian environmental services market is definitely growing, as greater emphasis and growing awareness of the importance of maintaining a cleaner and friendly environment, stricter enforcement of regulations and controls have been enforced by the relevant authorities, to bring about all environmental improvements to achieve the objectives of VISION 2020.
The Council Members of AECCOM are of the opinion that the role of AECCOM Consortium Sdn Bhd would benefit AECCOM Members as a whole, as AECCOM Consortium Sdn Bhd would ONLY be exclusively and collectively owned and controlled solely by interested AECCOM Members.
- To focus on developing proper and effective training courses to update its AECCOM members (“Members of Association of Environmental Consultants and Companies of Malaysia”) regularly on recent/new developments in the industry.
- SHARE SUBSCRIPTION
4.1 Authorised Capital: RM100,000.00 4.2 Shareholders To date, a total of ten (10) AECCOM Members have taken up a total of 56,000 ordinary shares of RM1.00 each, at a total consideration of RM56,000.00. The shareholding companies are:- Item Name of AECCOM Members 1 Chemical Laboratory (Malaysia) Sdn Bhd 2 Enviro-LIFT Services Sdn Bhd 3 Environ Holdings Sdn Bhd 4 Intelligence Technology Services Sdn Bhd 5 KWI Far East Sdn Bhd 6 Master Jaya Environmental Sdn Bhd 7 MHES Sdn Bhd 8 Pollution Engineering Sdn Bhd 9 Tropical Interest Sdn Bhd 10 Watermech Engineering Sdn Bhd 4.3 However, should any of the shareholder of the Company ceased to be an AECCOM Member, its representative who was appointed to the Board shall cease to be a director by tendering his resignation immediately. 4.4 AECCOM Consortium Sdn Bhd would like to encourage all AECCOM Members to participate likewise and AECCOM Members who are interested are encouraged to inform AECCOM Consortium Sdn Bhd in writing. 4.5 Shareholders of the Company shall consist of ONLY AECCOM Members. 4.6 The number of members of the Company shall be limited to 50 as the Company is a Private Company. 4.7 Every member shall hold a minimum of 1,000 shares of RM1.00 each and a maximum of 10% of the total issued and paid-up capital of the Company. 4.8 Transfer of Shares The Company’s Articles shall contain a pre-emption clause, i.e. that no shares shall be transferred to any person who is not a member of the Company so long as a member of the Company can be found to purchase them at a fair price to be determined in accordance with the Net Tangible Assets of the Company based on the latest audited accounts available.
When such shares are not taken up by existing shareholders, the shares shall be offered to other AECCOM Members who is not a shareholder of the Company.
In the event that there is still no purchaser, the Offeror must undertake to dispose his shares by offering his shares for sale each subsequent year in accordance with the Company’s Articles. Until such time, he shall remain as a shareholder of the Company.
- BOARD OF DIRECTORS
The Board consists of 6 directors, comprising of 1 AECCOM nominee appointed by the AECCOM Council, to represent the interest of AECCOM Members in general. The remaining 5 directors were elected from amongst the representatives of the shareholders of the Company.
The following forms the Board of Directors:-
- Dato’ Dr. A. Bakar Jaafar Peremba Construction Sdn Bhd
- Mr. Chen Yew Seong KWI Far East Sdn Bhd
- Mr. Yeo Ing King Chemical Laboratory (Malaysia) Sdn Bhd
- Mr. Goh Eng Huat Watermech Engineering Sdn Bhd
- Mr. Woo Ah Keong Master Jaya Environmental Sdn Bhd
- Mr. Tony Liew Yuan Chin Pollution Engineering Sdn Bhd
