Friday, November 24, 2006

ABOUT MEDA INC BERHAD & SUMMIT HOTEL

Just some things you should know first before you deal with MEDA INC BHD

Hi,

Welcome to my mirror blog.

You got here because you probably searched for MEDA INC BHD, a PLC listed on Bursa Malaysia.

A while ago, I had set up a blog called "what-you-dont-know-about-meda-inc.blogspot.com" to share some of my experiences and knowledge about how this group conduct their business. My intention is to help others avoid the troubles and problems I had encountered with this group.

I am thankful for the good advice of fellow bloggers such as "LagendaGroup" on ways to reach out to more people. He suggested that I use a blog name that is more easily picked up by google and other search engines. Apparently, he is also facing big problems with another property group. You might want to know more about Lagenda Group here: http://lagendagroup.blogsome.com. (Victims of unscrupulous companies should help each other out).

If you are in any involved or about to be involved with any of the follwoing MEDA INC BHD companies, may I advisable that you go to my blog first. The reason for this present mirror blog is because I have written quite a bit of postings there and it's a bit of a hassle to move them all here.

These are the companies under the same bosses of MEDA INC BHD:
MEDA DEVELOPMENT SDN BHD
ZKP DEVELOPMENT SDN BHD
EVERLASTING GROWTH SDN BHD
IMPRESSIVE PERFORMANCE SDN BHD
NANDEX DEVELOPMENT SDN BHD
SRI LINGGA SDN BHD
UTARAN BAYU SDN BHD
GENTING UNGGUL SDN BHD
KOTA MALIM SDN BHD
MEDA PROJECT MANAGEMENT SDN BHD
MEDA REALTY SDN BHD
MIB CONSTRUCTION SDN BHD
HOME PINNACLE SDN BHD
PUTAR ERAT SDN BHD

They operate these hotels, office buildings and shopping complexes:
SUMMIT HOTEL SUBANG USJ
SUMMIT HOTEL BUKIT MERTAJAM
3 K SPORTS COMPLEX SUBANG USJ
THE SUMMIT COMPLEX SUBANG USJ
MENARA SUMMIT


They are involved in these projects,ongoing or in the pipeline:
SEMABA PARK (KUCHING)
SEMANTAN AVENUE SUITES (KL) - completed
NATURAL HERITAGE ORCHARD & COUNTRY RESORT
KOTA MALIM PRIMA (PERAK)
LEDANG HEIGHTS (JOHOR)
NUSA DUSUN ORCHARD RESORT (MALACCA) - stuck because loan may be withdrawn


Also related to MEDA INC BHD is the ANDAMAN GROUP SDN BHD which is cited in news reports that it is developing /marketing this project:
COVA VILLA IN KOTA DAMANSARA

But according to official documents, the developer is PHARMA EXEL SDN BHD, also located at their MEDA INC BHD corporate office.


You should also be careful when dealing with their sister companies:
ECO FIRST CONSOLIDATED BHD (formerly Kumpulan Emas)
SOUTH CITY PLAZA
SEGi BHD
(find out more about their relationships here: http://ecofirst.com.my)

In the above companies, all the 3 brothers who are owners of MEDA INC BHD have substantial shares and management involvement. They also have substantial personal share holdings there. So, their style of management, culture, cash flow problems, history of very poor payment to suppliers and so on, are there.

If there's anything I missed out, please let me know.

Find out more about them in my blog here:

http://what-you-dont-know-about-meda-inc.blogspot.com