KUALA LUMPUR: The inaugural Vascory Classic in Malaysia next year will be jointly sanctioned by the Asian Tour and Japan Golf Tour Organisation, extending a close cooperation that has existed between both the international Tours for over a decade.
Title sponsor Vascory Land also announced an increase in prize fund to RM2.5 million when the event becomes the first Asian Tour tournament in Southeast Asia to be sanctioned with the Japan Golf Tour.
Currently, the Asian Tour and Japan Golf Tour already co-sanction the Asia-Pacific Open Golf Championship Diamond Cup in Japan.
Malaysia’s newest tournament will be held at the Templer Park Country Club on Aug 20-23, 2015.
Vascory Land Chairman Tan Sri Syed Mohd Yusof Tun Syed Nasir said: “It gives us great pleasure to announce that the Vascory Classic will be sanctioned by the Japan Golf Tour in addition to the support and sanction that we already have in place with the Asian Tour.
“Our vision to bring the Asian Tour and Japan Golf Tour together will certainly showcase Asian golf at its finest. I am confident the Vascory Classic will be very well received by sponsors, Malaysian golf fans and television viewers from around the world.
“I am also delighted to reveal that the tournament’s prize fund will increase to US$750,000 (RM2.5 million) from an initial US$500,000 which we had earlier announced. We are looking forward to a great week of golf when we host the first Vascory Classic at Templer Park.”
Asian Tour Chairman Kyi Hla Han believes the strong partnership with the Japan Golf Tour will further spur the development of professional golf in the Far East.
“Since 2003, the Japan Golf Tour and Asian Tour have successfully co-sanctioned tournaments in Japan, including the Okinawa Open, Asia-Pacific Panasonic Open and now currently the Asia-Pacific Open Golf Championship Diamond Cup,” said Han.
“This collaboration has provided a great platform for players from both Tours to display their talents and gain additional playing opportunities. Therefore, we are happy to extend an invitation to the Japan Golf Tour to jointly sanction our first tournament together in Malaysia at the Vascory Classic next year.
“I have every belief this new tournament will enjoy a successful launch and place Malaysia firmly on the international golf map through the extensive live television broadcasts that it will receive through the Asian Tour’s global platform.”
Japan Golf Tour Organisation executive director Andy Yamanaka said: “On behalf of our membership, I would like to extend our fullest appreciation to our title sponsor Vascory Land for its support of this new tournament.
“We fully appreciate the invitation from the Asian Tour to co-sanction the Vascory Classic, which is a wonderful addition to the Japan Golf Tour Schedule in 2015. The Japan Golf Tour will continue to work very closely with the Asian Tour and Vascory Land to further develop and promote the game through this new tournament.”
Ranjeet, the Managing Director of public listed Vascory Bhd, received the third highest state award of Darjah Cemerlang Seri Melaka (DCSM) award which carries the title ‘Datuk Wira’. Harpal Singh, the CEO of Emdell Security Services Sdn Bhd and a kabaddi proponent in Malaysia, received the ‘Datuk’ award. Vascory is an investment holding company with an interest globally including Germany, United Kingdom, India, Indonesia, Singapore and Malaysia. It is involved in credit strategies, leisure and hospitality, real estate and development, risk advisory, technologies and commodities, according to information at its website. Its chairman is Syed Mohd Yusof Syed Nasir, a longtime business partner of the Sultan of Selangor. In June 2016, Ranjeet who wholly-owned Vascory Technologies Sdn Bhd had informed Vascory AG that he intended to bring all the shares of Vascory Technologies Sdn Bhd in the company by way of a capital increase, according to a Reuters report.