Malaysian developer UEM Land Holdings (UEM Land) was ranked among the list of companies in ‘Asia's 200 Best Under a Billion' by Forbes.
Home-grown UEM Land is an investment holding conglomerate, whose principal activities include project procurement and management, real estate investment, construction, land trading, turnkey development and property development.
According to the ‘Asia's 200 Best Under a Billion' list, UEM Land has achieved sales of US$537 million (RM1.67 billion), net income of US$95 million (RM296 million) and its market value is at US$2.802 billion (RM8.7 billion).
UEM Land's projects include Symphony Hills, Sunrise and Nusajaya, an integrated urban development located at southern end of Peninsular Malaysia.
Additionally, UEM Land also boasts its Mont'Kiara enclave, a residential suburb that integrates international schools, condominiums leisure facilities and amenities with commercial centres developed by its fully-owned subsidiary Sunrise Berhad (Sunrise).
UEM Land was among 14 Malaysian companies that had made Forbes' list, which Prime Minister Datuk Seri Najib Tun Razak had referred to as "shining examples of best business practices."
To be considered for the prestigious list, companies must generate annual revenue between US$5 million (RM15.59 million) and US$1 billion (RM3.12 billion), have positive net income and have been publicly traded for at least one year.
The companies that make it to the list are then ranked based on return on equity, as well as sales and earnings growth in the past year, over three years. Moreover, Forbes also excludes those firms that are thinly traded and those with major legal or accounting troubles.
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