Sunway Retains Top Spots At NACRA 2014

Sunway Group clinched two Industry Excellence Awards at the National Annual Corporate Report Awards (NACRA) 2014 for two categories out of eight – the Properties and Hotel category as well as the Real Estate Investment Trusts (REITs) & Investment Funds category, retaining last year’s triumphant wins. The Industry Excellence awards are presented to companies listed on the Main Market which have achieved excellence in annual reporting.

NACRA was established in 1990 with the main objective of recognising companies’ corporate reporting excellence on a yearly basis. Since its establishment, NACRA has become the benchmark for fair, transparent and informative corporate reporting. This has always been the underlying objective of its 3 organising bodies – Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA).

Since it was launched, the criteria for NACRA have continuously been reviewed and enhanced each year to encourage the disclosure of all material and relevant information beyond the statutory requirements. The stringent criteria have raised the standards and best practices in annual reports over the years.

Chong Chang Choong, Chief Financial Officer of Sunway Berhad received the Award on behalf of Sunway Berhad for Properties and Hotels while Wai Sow Fun, Chief Financial Officer of Sunway REIT received the Award on behalf of Sunway REIT from Deputy Finance Minister 1, Datuk Ahmad Haji Maslan who was the Guest of Honour at the awards ceremony held at the Grand Hyatt Hotel, Kuala Lumpur.

“Sunway is in its 40th year of operations this year. We attribute our success throughout the years to the unfailing support and trust that we have received from our stakeholders. Such support and trust is built on the foundation of strong corporate governance, and fair, transparent and informative corporate reporting.

This award which is our eight consecutive win at the Industry Excellence Awards – Properties and Hotel category is testament to Sunway’s unwavering focus on these attributes” said Chong Chang Choong. Meanwhile, Sunway REIT is one of the largest REITs in Malaysia in terms of asset size, market capitalisation, average daily turnover volume and free float.

Since its inception, it has continued to deliver sustainable distributions and growth in total return to unitholders over the long term via active asset management, yield-accretive acquisitions and optimal capital and risk management. The Industry Excellence Award in Real Estate Investment Trusts (REITs) & Investment Funds category which Sunway REIT secured is their third consecutive win in the category.