On 15/2/2018, a winding up order was made by the High Court of Malaya at Kuala Lumpur against The Sanderson Design Group (Malaysia) Sdn Bhd (now known as Daya Sejahtera Sdn Bhd)(hereinafter called ‘Sanderson’). A liquidator has been appointed to take over the management of Sanderson.
Sanderson is the main contractor of Movie Animation Park Studios ( MAPS ) in Ipoh and through RSG MAPS Sdn Bhd Sanderson is a major shareholder in the said project. Sanderson owns about 70% of RSG MAPS Sdn Bhd. The role of Sanderson in the smooth running of MAPS cannot be over emphasized as the detail workings of this park is in the knowledge of Sanderson as the main contractor of the project.
MAPS was developed by Animation Theme Park Sdn Bhd which is 49% owned by RSG MAPS Sdn Bhd and 51% owned by PCB Development Sdn Bhd.
PCB Development Sdn Bhd is a Perak State agency wholly owned by Perak Corporation Bhd.
A search with Registrar of Companies shows that Animation Theme Park Sdn Bhd has an unsatisfied loan facility of RM280 Million with Affin Investment Bank Bhd.
My recent visit to MAPS showed that on a normal day hardly 200 people visit MAPS and more than half of the park remain non-operational despite the park having been open to public since 26/6/2017. Expenses clearly far exceed income and if nothing is done, it will suffer a catastrophic loss.
With the main contractor who is also a major shareholder in MAPS going into liquidation what will happen to MAPS ? Will it become a white elephant and costs the State Government hundreds of millions ringgit?
What is the state agency PCB Development Sdn Bhd, the majority shareholder in MAPS doing about the situation ?
Menteri Besar of Perak, Dato Seri Zambry Bin Abdul Kadir must give an urgent response to this matter as the State Government may be losing hundreds of Millions ringgit soon.