Lich

Lich | Joined since 2018-07-16

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Stock

2020-01-15 20:47 | Report Abuse

Because solar plants need time to build. so there will be accounting losses during construction. From the sound of it, should commence operation soon and generate sustainable cash flow, presumably selling back to the grid to TNB.

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2020-01-02 15:30 | Report Abuse

Something is brewing or what? May be announcement of the new investor soon? Any ideas?

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2019-12-24 11:16 | Report Abuse

From win1661 link:

"Visit with Minister of Energy, Green Technology and Water, Datuk Seri Panglima Dr Maximus Johnity Ongkili to the first Solar Farm at the proposed Keningau Green Industrial Park wholly owned by the service provider, Green Leadership Sdn Bhd on 11 January, 2015."

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2019-11-25 11:01 | Report Abuse

Aaron, do you think it will fly then?

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2019-11-21 18:19 | Report Abuse

already out bro the report

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2019-11-21 17:55 | Report Abuse

RM8.5 x 4 =RM34m ---> PE of 16.3x but surely the quarters to come should continue growing on the back of its tower portfolio and what not.

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2019-11-21 17:52 | Report Abuse

Really not bad.
Revenue of RM131m 19.4% yoy and 13.1% qoq
PATAMI RM8.5m 9% yoy and 21.5% qoq.

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2019-04-23 10:05 | Report Abuse

run, Forrest, run!

Stock

2018-10-03 10:11 | Report Abuse

"As such, the Proposed Withdrawal is not regarded as a related party transaction under the provisions of the Listing Requirements. Accordingly, FASB, David Ho and persons connected to them are not required to abstain from voting (in respect of their direct and/or indirect shareholdings if any) on the special resolution for the Proposed Withdrawal to be tabled at an EGM to be convened"

My bet is for it to be de-listed, unless more than 10% of those "present" during the EGM objected. In short, assuming the remaining 20% minority shareholders are present, half will need to vote no. Difficulty increases with non-attendance. De-listing results in the takeover offer becoming unconditional, which as has been pointed out by others, unlikely to meet the 90% trigger for compulsory acquisition (although there are exceptions).

Therefore, the question is this: Can you hold on to your stake until the next listing / exit, which is probably going to be at least 3-4 years? Do bear in mind that if you cannot wait and decide to sell for whatever reasons (because shit happens in life), you may need to take a liquidity discount. If you can wait, then all the best for you! But know what you are getting yourself into.