GENERAL INFORMATION
Name Hong Jung Sdn Bhd
Register Address No. 12 Block C Kampong Medewa
Simpang 628 Jalan Tutong Km 8
BF 1120 Bandar Seri Begawan
Negara Brunei Darussalam
Business Address No. 12 Block C Kampong Medewa
Simpang 628 Jalan Tutong Km 8
BF 1120 Bandar Seri Begawan
Negara Brunei Darussalam
Incorporation No AGO/RC/4351
Date Of Incorporation 23th JUNE 1997
Nature Of Business Construction Industries, Public And Private Transport Service,
Sales & Service Of New And Reconditional Heavy Equipment
Authorised Capital B$250,000.00
Paid-Up Capital B$250,000.00
Directors Haji Zaini Bin Haji Mohd Zain (Appointed On 20-05-1998)
Lim Hoon Hui (Designed On 20-05-1998)
Loh Boon Poi
Telephone No 6732-654127 / 6732-654129
Fax No 6732-654128
Existing Banker Baiduri Bank Berhad
HongKong Bank Berhad
Standard Chartered Bank Berhad


THE COMPANY


Hong Jung Sdn Bhd ("HJSB") was incorporation on the 23th June 1997 involve in Construction , transportation service and Sales & Service of heavy equipment.

Today, the company has grown to be one of the leading transportation and heavy equipment companies. The company working with the associated company Hong Jung Transport Company ("HJTC") is also one of the Negara Brunei Darussalam largest transportation service-Lorry for transport of Stone, Sand, Asphaltic and other product in Negara Brunei Darussalam and the company start its operation and involves in construction works (i.e. Site Clearing, Drainage, Road and Earthworks) on August 1997.

2.1) The Shareholders

The Authorised Share Capital of the company is B$250,000.00 divided into 250,000.00 shares of B$1.00 (Brunei Dollar: One Only) each.

The Present shareholders of the company is:

Shareholder No. Of Share Percentage %
Haji Zaini Bin Haji Mohd Zain 125,000.00 50.00
Loh Boon Fui 124,998.00 49.98
Lim Hoon Hui 1.00 00.01
Loh Boon Poi 1.00 00.01


THE BUSINESS/FINANCING REQUIREMENT

3.1 The Business

The company's main activities can be broadly classified into the following categories namely:

1) Transportation - Involves the use of the company's fleet of trucks, trailers, hiap cranes
in the transportation of goods.

2) Construction - Involves the use of the company equipment in construction of road,
drainage and earthworks.

3) Machinery - Involves in the sales & services of Hyundai heavy equipment and reconditions
heavy equipment..

2 Major Customers/Clients

1) Some of the company's major transportation customers are:

Encore Sdn Bhd
- Transportation of crusher run stone, block stone, stone dust and others
Maxwell Sdn Bhd
- Transportation of hot mix/asphaltic and the equipment
Swee Sdn Bhd
- Transportation of hot mix/asphaltic and the equipment
L & M Presstering Sdn Bhd
- Tansportation of stone, sand, rent of truck, hiap crane and heavy equipment
United Engineering Sdn Bhd
- Rent of equipment, truck and transportation of goods
-
3.3) Operating Fleet & Equipment

A Brief description of the company's operating fleet and equipment are as follows:

6 wheeler Dump Truck 65 Units
Hiap crane Dump Truck 05 Units
Pick-up 4 wheel drives 01 Unit
Prime Movers Trailers 04 Units
Hyundai Excavator R130LC 03 Units
Hyundai Excavator R200LC 02 Units
Hyundai Excavator R290LC 12 Units
Caterpillar Roller 02 Units
Dynapac Roller 01 Unit
Kobelco Excavator Super Long Arm 04 Units

3.4) Previous Experience

Contract /Description of Work

Negara Brunei Darussalam Value of Contract Employer/Status

Project Type Value (B$) Clients Status
Upgrading Of Lamunin Road Earthworks & Widening Of Road 2,339,061.60 Syarikat Jurubima Done
Stadium Car Park Earthworks & Foundation 31,064.22 Maxwell Sdn Bhd Done
Muara A Project Earthworks & Foundation 146,470.51 Maxwell Sdn Bhd Done
Muara B Project Earthworks & Foundation 27,370.62 Maxwell Sdn Bhd Done
Kapok Project Earthworks & Foundation 33,994.31 Maxwell Sdn Bhd Done
Serasa Project Earthworks & Foundation 12,045.31 Maxwell Sdn Bhd Done
Batu Marang Project Earthworks & Foundation 12,056.50 Maxwell Sdn Bhd Done
Tamoi Project Earthworks & Foundation 131,303.69 Iriyal Sdn Bhd Done
Beribi Project Earthworks & Foundation 30,000.00 Pengiran Hamdan Done
Teraban A Project Earthworks & Foundation 63,852.84 Sabani Enterprise Done
Teraban B Project Earthworks & Foundation 58,733.33 Sabani Enterprise Done
Tanah Jambu Project Earthworks & Foundation 129,000.00 Lau Enterprise Company Done
Drainage Improvement Project Drainage Improvement 6,626,236.10 Abdul Khalid Latif General Contractors 80.00%
Interchange At Pusak Ulak Road Drainage Improvement 3,805,225.00 Swee Sdn Bhd 5.00%
Lambak Kanan Low Cost Housing Scheme Earthworks & Foundation 4,384,177.50 Lau Enterprise Company 5.00%