Dear Shareholders,<\/p>\n
On behalf of the Sentoria\u2019s Board of Directors and the entire Sentoria Group Berhad (“Sentoria”), I extend my utmost and sincere gratitude to all Sentoria\u2019s shareholders participation in Sentoria’s Extraordinary General Meeting (EGM) held today. I am also personally humbled by the relentless support and collaboration given by all fellow board members to me in steering the EGM session smoothly. Albeit the virtual session of the EGM, I
\nmust say that I could still feel the enthusiasm and the energy within each of us to strive for a
\nstronger and prosperous future ahead.<\/p>\n
Today’s EGM marks a crucial milestone in our corporate journey – a pivotal moment where we collectively embrace opportunities for growth and renewal. The resounding \u2018yes\u2019 to the Redeemable Convertible Bonds (RCB) proposal was a true reflection of the shareholders\u2019 resolve to bring Sentoria to greater heights and reaffirm our shared vision and drive to create a stronger and prosperous future for Sentoria.<\/p>\n
The convening of the EGM could not have been more timely as Sentoria finds itself at a critical juncture of an extensive corporate turnaround. The EGM deliberated on the RCB proposal \u2013 an initiative which is instrumental in providing the necessary funds to advance Sentoria’s rejuvenation plans. Key in these plans is the fulfilment of our commitment to prioritize the completion of pending housing projects, ensuring timely delivery to our esteemed buyers. These raised funds will fuel the development of new affordable housing initiatives and revitalize existing businesses, including our theme parks. In addition to this, the raised funds of the approved RCB, allows Sentoria to honour its commitment to the banks, without which, none of the above could be realised.<\/p>\n
The recent past has seen how Sentoria has been plagued by a financial quagmire where liquidity was a constant issue due to its high indebtedness which had then eroded trust among its financiers. I am delighted to share with you, that today\u2019s decisive approval of the RCB signifies more than financial backing; it symbolizes Sentoria’s dedication to responsible and transparent financing. The RCB entails Sentoria\u2019s commitment to a flexible yet responsible financing where funds are raised in stages and depending upon Sentoria\u2019s current need. By adhering to a clear expense allocation plan, we aim to rebuild trust and confidence among stakeholders, particularly our esteemed banking partners, in Sentoria\u2019s
\nability to translate business activities into sustainable returns. In fact, with almost 100% voting confidence from our shareholders, Sentoria is poised to leverage available liquidity for strategic capital expenditure across our operations. Hence, unconditional support from our financiers, investors and shareholders is pivotal, as we work towards enhancing Sentoria’s overall property and asset values in the long run ensuring fair
\nreturn to all.<\/p>\n
On behalf of the Board and the Senior Management, I would like to convey my assurance that the new team leading Sentoria is duly committed to delivering our commitments, quality outcomes and dedicated to realising Sentoria’s full potential and creating value for
\nall stakeholders. In light of this, the team humbly requests for continuous support, understanding, as well as patience from all our shareholders, partners, suppliers, bankers and you, our existing and potential customers. The success of the RCB hinges on your support. Each and every one of you is indispensable to Sentoria\u2019s ultimate recovery and success!<\/p>\n
Thank you for your unwavering commitment and belief in Sentoria’s bright future.<\/p>\n
Warm regards,
\nDatuk Dr. Ras Adiba binti Mohd Radzi
\nChairman, Sentoria Group Berhad<\/p>","protected":false},"excerpt":{"rendered":"
Dear Shareholders, On behalf of the Sentoria\u2019s Board of Directors and the entire Sentoria Group Berhad (“Sentoria”), I extend my utmost and sincere gratitude to all Sentoria\u2019s shareholders participation in Sentoria’s Extraordinary General Meeting (EGM) held today. I am also personally humbled by the relentless support and collaboration given by all fellow board members to…<\/p>","protected":false},"featured_media":0,"menu_order":0,"template":"","news-category":[],"class_list":["post-2491","news","type-news","status-publish","hentry"],"acf":[],"yoast_head":"\n