TA Global - Malaysia

TA Global Bhd, the property arm of TA ENTERPRISE BHD , will offer for sale 460 million existing shares of 50 sen each With the separation of TA Enterprise Bhd’s stockbroking and property businesses, Datuk Tony Tiah Thee Kian will be sitting on what will be among the top five property companies in the country in terms of market capitalisation.

TA Global is involved in property development and its portfolio of PROPERTIES include Menara TA One, shophouses at USJ Taipan and Subang Business Centre while in Australia, they are the Radisson Plaza Hotel in Sydney, The Westin Melbourne Hotel while in Canada, they are Terasen Centre and Aava Whistler Hotel.

TA Global non-independent, non-executive director Datin Alicia Tiah said TA Global expects to derive a lot of its revenue from its property investments and hotel operations, with its revenue from its hospitality division anticipated to increase threefold with its hotels in Australia, Singapore and Canada. (RM0.46)