Trinity Group Sdn Bhd yesterday clarified that the company, its associate companies, directors and shareholders are not in any way linked to Trinity Corp Bhd (formerly known as Talam Corporation Bhd) or any of its subsidiary companies.
Trinity Group is an integrated property boutique developer, with its core business in property development and investment.
Managing director Dato’ Neoh Soo Keat said news reports of Trinity Corp's debt recovery exercise over the past week have caused a lot of confusion among customers, business partners, shareholders and the public.
"Unfortunately, this happened at an ill-timed period for us at Trinity Group, as we had just launched our latest project, The Zeva @ Equine South.
"There have been numerous enquiries urging us to clarify the issue as many have mistaken our company as Trinity Corp. Thus, we hope this clarification will prevent further confusion," he told a media briefing.
Trinity Group suffered heavy losses in The Z Residence last year due to confusion in the company's name, Neoh said.
"We filed a suit in court to sue Trinity Corp in November last year and the trial ended on May 17 this year. Now we are waiting for the judge's decision.
"The most important thing for us is not the losses, but we want to maintain the Trinity Group's name since the company was established in 2004," he said.
On the recently launched Zeva project, Neoh said the take-up rate of its Block A and B has reached 90 per cent and "we expect the same response for Block C and D", which will be launched soon.
"We have a number of projects in the pipeline to be launched. With that, we are confident of achieving our RM560 million revenue target," he added.