MAPS not affected by minor shareholder's woe

IPOH: The operations of Asia's first Movie Animation Park Studios (MAPS) here and its long-term plans are not affected after one of its shareholders, Daya Sejahtera Sdn Bhd, reportedly received a liquidation order from the High Court.
Perak State Development Corporation's (PSDC) Deputy Chief Executive (business operation) Rustam Apandi Jamaludin today said Daya Sejahtera — formerly known as The Sanderson Design Group (M) Sdn Bhd — only owned a minor amount of shares.
He pointed out that 51% of MAPS' shares are owned by Perak Corporation Berhad, which is a subsidiary of state development agency PKNP, and 34% by RSG MAPS. The remainder is owned by an individual.
"Daya Sejahtera only owns a small portion of the RSG MAPS shares, so this will not affect our operations at all," Rustam said.
"They were our turnkey contractor, and they had the job of constructing the theme park and delivering it to PCB. If they close down, it has nothing to do with MAPS."
Rustam was commenting on a statement by Perak DAP adviser Datuk Ngeh Koo Ham that the project will be a white elephant due to the liquidation. In fact, new attractions are in the pipeline for the park in Bandar Meru Raya here, he said.
"We are improving the facilities and adding boat and roller coaster rides, and a water and forest theme parks," he said.
Meanwhile, MAPS Chief Operating Officer Mohd Farid Abdul Aziz said the new attractions and facilities are completed and can be operated any time.
"However, the attractions at the Dream Zone are undergoing technical review and if everything goes well it will be opened to the public in June," he said.