PETALING JAYA: High-end project developer Trinity Group Sdn Bhd has succeeded in stopping the former Talam Corporation Bhd from calling itself Trinity Corporation Berhad.
The Puchong-based developer has won the right to stop Trinity Corp from using the name after claiming that it has caused confusion over the widely publicised Talam Corp debt recovery exercise with the Selangor Government.
“The recent Talam debt recovery exercise has caused a lot of confusion among our customers, business partners and the general public,” said Trinity Group managing director Datuk Neoh Soo Keat during a press conference here.
“There were many enquiries urging us to clarify the issue, as many mistook our company for Talam Corporation Berhad.
“This confusion in the marketplace has greatly affected our business,” Neoh added.
Trinity Group was awarded the injunction by the Kuala Lumpur High Court on Sept 26 - almost a year after the suit was filed in Oct 2011.
Talam Corp has filed an appeal against the decision.
Neoh also said that the court had awarded his company damages but the amount had yet to be assessed.
He said Trinity Group would be looking ahead to expand its business around the Klang Valley and Johor.
Although the court had decided in September, Neoh said his company only chose to announce the decision yesterday because it had a property launch coming up later in the month.
“Whoever is associated with us should also feel confident with us and I hope our creditors and banks now trust us fully,” he said.
Talam Corp was involved in a major debt recovery exercise with the state government amounting to more than RM1bil and rebranded itself as Trinity Corp in August, last year.
On July 3, MCA Young Professionals Bureau chairman Datuk Chua Tee Yong challenged the Selangor Government to explain how its exercise to recover a RM392mil debt from Talam ended in questionable deals worth over RM1bil.
The Directors and management of Trinity Group Sdn Bhd — an integrated boutique developer located in Puchong whose core business is in property development and investment, wish to clarify that Trinity Group Sdn Bhd, its associated companies, directors and shareholders are not in any way associated with Trinity Corporation Berhad (formerly known as Talam Corporation Berhad) or any of its subsidiary companies.
“The recent publication of Talam Corporation Berhad’s debt recovery exercise over the past week has caused a lot of confusion among our customers, business partners, shareholders and other members of the public,” said managing director Dato’ Neoh Soo Keat.
“Unfortunately, this happened in an ill-timed period for us a as we had just launched our latest project development, The Zeva @ Equine South.”
Trinity Group Sdn Bhd was established in 2004 and has since earned its reputation in the property fraternity.
As an integrated boutique developer, some of its key projects to date include The Heron serviced apartments, 19 Residency zero-lot bungalows and the Zest serviced apartments, the Z Residence and more recently, Zeva @ Equine South.
Trinity Group’s current landbank status consists of lands in Seri Kembangan, USJ 19, Melawati, Serdang and Johor.
The company’s upcoming projects will focus on residential as well as commercial development.
The Directors and management of Trinity Group Sdn Bhd — an integrated boutique developer located in Puchong whose core business is in property development and investment, wish to clarify that Trinity Group Sdn Bhd, its associated companies, directors and shareholders are not in any way associated with Trinity Corporation Berhad (formerly known as Talam Corporation Berhad) or any of its subsidiary companies.
“The recent publication of Talam Corporation Berhad’s debt recovery exercise over the past week has caused a lot of confusion among our customers, business partners, shareholders and other members of the public,” said managing director Dato’ Neoh Soo Keat.
“Unfortunately, this happened in an ill-timed period for us a as we had just launched our latest project development, The Zeva @ Equine South.”
Trinity Group Sdn Bhd was established in 2004 and has since earned its reputation in the property fraternity.
As an integrated boutique developer, some of its key projects to date include The Heron serviced apartments, 19 Residency zero-lot bungalows and the Zest serviced apartments, the Z Residence and more recently, Zeva @ Equine South.
Trinity Group’s current landbank status consists of lands in Seri Kembangan, USJ 19, Melawati, Serdang and Johor.
The company’s upcoming projects will focus on residential as well as commercial development.
