We refer to the earlier announcements in relation to the Private Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank and Astramina wish to announce that the issue price for the first tranche of the Private Placement has been fixed on 6 May 2019 (“Price-Fixing Date”) at RM0.83 per Placement Share (“First Tranche”). The First Tranche will comprise up to 214,812,359 Placement Shares, calculated based on 10% of the total number of issued shares of Ekovest as at 3 May 2019.

The issue price of RM0.83 per Placement Share represents a discount of approximately 7.12% to the five (5)-day volume weighted average market price of Ekovest Shares up to and including 3 May 2019 (being the last market day prior to the Price-Fixing Date) of RM0.8936 per Ekovest Share.

For information purposes, the actual number of Placement Shares to be placed out under the First Tranche will depend on the final acceptance by the identified placees. Any Placement Share not placed out under the First Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately.

This Announcement is dated 6 May 2019.

Post removed.Why?

“The signing ceremony in China a few weeks ago was a rushed affair, so there are still issues to be ironed out.

Things were moving so fast that the deal had to be,

signed there and then,”
......................

Independent committee to iron out details with IWH-CREC over Bandar Malaysia

https://www.edgeprop.my/content/1520034/independent-committee-iron-out-details-iwh-crec-over-bandar-malaysia

KUALA LUMPUR (May 4): Putrajaya has appointed an independent committee to “help iron out” details in the RM7.41 billion acquisition of 60% of the Bandar Malaysia (pictured) project by IWH-CREC Sdn Bhd, reported The Edge Malaysia in its latest issue.

The five-member committee will be chaired by secretary-general of the Ministry of Finance Datuk Ahmad Badri Mohd Zahir, while members are Khazanah Nasional Bhd managing director Datuk Shahril Ridza Ridzuan, Permodalan Nasional Bhd president and CEO Datuk Abdul Rahman Ahmad, Employees Provident Fund CEO Tunku Alizakri Alias and Malaysia Digital Economy Corp Sdn Bhd CEO Surina Shukri, said the report.

The weekly reported that “confusion in the negotiations between the government and IWH-CREC stemmed from the Bandar Malaysia project being driven by the Ministry of Economic Affairs, which is headed by Datuk Seri Mohamed Azmin Ali, while the government’s stake in Bandar Malaysia is held by the Ministry of Finance, helmed by Lim Guan Eng”.

“Instead of having members of the two ministries, the government has opted for an independent committee,” a source told the business publication.

It also reported that the independent committee’s first meeting with IWH-CREC will take place early this week.

Bandar Malaysia is expected to draw major international financial institutions, multinational corporations and Fortune 500 companies to locate their regional headquarters there.

Also planned is the construction of a people’s park and 10,000 affordable homes in the mega project.

At the Belt and Road Initiative (BRI) summit in Beijing last month, Malaysian officials signed a framework agreement with the Chinese to revive the Bandar Malaysia property project.

“The signing ceremony in China a few weeks ago was a rushed affair, so there are still issues to be ironed out. Things were moving so fast that the deal had to be signed there and then,” a government executive familiar with the matter told the business weekly.

next time you know how to prevent others from commenting...keep it as a secret..

China chicken prices jump on supply shortage as consumers swap poultry for pricey pork

China is suffering from a shortage of chickens even as African swine fever kills off the pig supply, causing pork prices to soar

Chicken imports from the US and France have been banned in China since 2016 because of a bird flu outbreak

https://www.scmp.com/economy/china-economy/article/3007912/china-chicken-prices-jump-supply-shortage-consumers-swap

China chicken prices jump on supply shortage as consumers swap poultry for pricey pork

China is suffering from a shortage of chickens even as African swine fever kills off the pig supply, causing pork prices to soar

Chicken imports from the US and France have been banned in China since 2016 because of a bird flu outbreak

https://www.scmp.com/economy/china-economy/article/3007912/china-chicken-prices-jump-supply-shortage-consumers-swap

China’s African swine fever outbreak and US trade war combine to create perfect storm for Chinese economy

Beijing placed 50-70 per cent tariffs on US pork imports to punish farm states that support US President Donald Trump

But with African swine fever threatening 200 million pigs, the biggest consumer of pork in the world is facing a shortage as demand and prices rise

https://www.scmp.com/economy/global-economy/article/3008729/chinas-african-swine-fever-outbreak-and-us-trade-war-combine

China’s African swine fever outbreak and US trade war combine to create perfect storm for Chinese economy

Beijing placed 50-70 per cent tariffs on US pork imports to punish farm states that support US President Donald Trump

But with African swine fever threatening 200 million pigs, the biggest consumer of pork in the world is facing a shortage as demand and prices rise

https://www.scmp.com/economy/global-economy/article/3008729/chinas-african-swine-fever-outbreak-and-us-trade-war-combine

HSS Engineers says ECRL contract is back on track

https://www.thestar.com.my/business/business-news/2019/05/03/hhs-engineers-says-ecrl-contract-is-back-on-track/

nice to hear that coolio.....good to have the experienced old timers

Post removed.Why?

most chinaman not yet taste fresh durian ma..now promo only in china...

wait till you see durian sales season la....

excited chinaman investors will limit up PLS ...whether its already planted with durian or not!!

Post removed.Why?

i think wong n noraseah are reducing stakes via closed deal again at 1.38...

may only move up again after the transfer announcement

aiyo...3iii giving a lot of freebies...thanks sifu

Channels the fund to produce quality citizens not quantity of modern day slaves - laborers.

I think the government should stop focusing investment on growth to sustain and unsustainable trajectory..increasing population.

Instead they should focus on improving competitive edge of the country against neighboring.

Best way to do this is by improving the education system. Have less years of education and focus purely on science, maths and business & technology and just one language (english).

They should focus on how to distribute wealth more fairly.

They should ensure the life quality of existing citizens are taken care.

Reduce the tax - there is no need for further investment to encourage growth of the poor population. Burn out the existing fuel to produce investment to produce green energy.

Produce an intelligent country not a heavy population of idiots.
Enough of this capitalist pyramid scheme...

That is the truth - and i am sure even sslee would like to close an eye on this.

cool down sifu...

try proposing GST ...may be rakyat will reconsider...

last chance to ride for an uncharted future path

China relation should strengthen Myeg's position in Malaysia

https://www.malaymail.com/news/money/2019/04/27/us-oil-embargo-will-see-venezuela-turn-to-china-russia-for-salvation/1747609

stay calm... oil price will shoot up

i can see one 'big durian seed' without the flesh standing behind


https://www.thestar.com.my/~/media/online/2019/04/27/12/17/dcx_doc753r0822wti1k92e17wl.ashx/?w=620&h=413&crop=1&hash=0CF5A822DB11EBC52A967039A6868F4A3F118AE4

just like PP, IPO will have to be much lesser than the market selling price....

and they will naturally boost up the share price of others to boost Leong Hup's mcap...

should boost the price of other listed poultry players

Dr M explains ""WHY"" Bandar Malaysia project reinstated

https://www.nst.com.my/news/nation/2019/04/481096/dr-m-explains-why-bandar-malaysia-project-reinstated

(1) “When we conducted our investigations, we found that the company, which was doing the preliminary works on Bandar Malaysia project, was actually not a Chinese company.

“The Chinese (company) only owned 25 per cent in that company. That is why we changed our stance to reinstate the project,” Dr Mahathir, who is also the Parti Pribumi Bersatu Malaysia (Bersatu) chairman told reporters at Yayasan Al-Bukhary, near here, today.

The original master developer of the project is a consortium consisting of Iskandar Waterfront Holdings Bhd and China Railway Engineering Corp Sdn Bhd (IWH-CREC).

(2) Asked why the government did not offer the project through open tenders — a policy embraced by Pakatan Harapan, Dr Mahathir said the government felt that the original contractor had been unfairly terminated.

“We feel that we did wrongly towards the company, which is a Malaysian company.”

.................

keyword from above answering why? :

"original master developer only have 25% chinese ownership", "we did wrongly towards the company"



as such NO OPEN TENDER will cause deviation from the probable path above

BRIEF-China Railway Group's Consortium Resumes Plan To Jointly Acquire Stake In Bandar Malaysia Sdn Bhd

Reuters Reuters April 27, 2019

https://finance.yahoo.com/news/brief-china-railway-groups-consortium-010600477.html

China Railway Corporation Announcement - just came.

http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2019-04-27/601390_20190427_3.pdf

About Restoring Participation in the Acquisition of Bandar Malaysia Sdn Bhd

The board of directors and all directors of the company guarantee that there are no false records in the contents of this announcement.
Misleading statements or major omissions, and the authenticity, accuracy and completeness of their content Take individual and joint responsibility.

For China Railway Engineering (Malaysia) Co., Ltd., a wholly-owned subsidiary of the Company (hereinafter referred to as "China Railway Malay Company") and local Malaysian company Iskandar Waterfront Holdings Sdn Bhd (hereinafter referred to as "Ihai Holdings") Camp (hereinafter referred to as "joint venture") acquired Bandar Malaysia Sdn Bhd (below) Referred to as "Banda Company" 60% equity and signed the "Equity Sale and Purchase Agreement" matters, the company phase Following the release of China Railways on January 4, 2016 and January 9, 2016 Announcement on the Acquisition of the Shareholding of Bandar Malaysia Sdn Bhd (Progress 2016-003) and China Railways Co., Ltd. participates in the acquisition of the equity of Bandar Malaysia Sdn Bhd Further Announcement (Provision No. 2016-005), the specific announcement details are disclosed on the same day.

Shanghai Stock Exchange website and China Securities Journal, Shanghai Securities News, Securities Times, Announcement of Securities Daily. Due to some twists and turns in the equity acquisition process, TRX City
Sdn Bhd (hereafter referred to as "TRX CITY", formerly 1MDBRE) on May 2, 2017 2 The day unilaterally suspended the agreement.

On April 25, 2019, the second "One Belt, One Road" International Cooperation was held in Beijing, China. During the summit forum, Yihai Zhongtie Iron Co., Ltd. (IWH CREC SDN BHD, referred to as "ICSB", Inheriting the rights and obligations of the aforementioned joint venture parties in the "Equity Sale and Purchase Agreement" and the horse The Government of West Asia signed the "Restoration Framework Agreement for the Malaysian City Project". Agreement agreement TRX CITY and ICSB will negotiate, agree and sign the Supplement within 30 working days from the date of signing this Agreement.

Charge Agreement, the purpose of the Supplementary Agreement is to restart and resume the Equity Sale and Purchase Agreement, appropriate Adjust the relevant timetable and necessary terms of the Equity Sale and Purchase Agreement and maintain the equity trading The original purchase price under the Agreement and the original acquired shareholding structure.
Bonda owns all the plots of the Malaysian City project to be developed in Kuala Lumpur, Malaysia.

Right, the plot is located in the central area of ​​Kuala Lumpur, Malaysia, with an area of ​​approximately 2 million Square meters. According to the planning of the Malaysian government, the project will be built with infrastructure, finance, A multi-business international business center integrating business, culture, tourism and high-end residences.

Special announcement.

China Railway Group Co., Ltd.
April 27, 2019

amazing intelligence...you are able to see through things (like x-ray) which many are incapable of...

Posted by Trouble Huat > Apr 27, 2019 1:56 PM | Report Abuse

perhaps someone who trapped or hope for higher price will argue this share gt very bright future and so on. haha. if director know the price rm1.3 in future, why dont they sell on that time instead recently? think about it instead keep argue that got news this n that.

good for you that you had escaped...

Posted by kyy_superhuman > Apr 27, 2019 1:51 PM | Report Abuse

Sadly posting old news won't help, buy on rumors, sell on news, simple theory. Monday will be the beginning of huge downtrend, you have no chance to escape la probability, better cut loss early, seeing how you struggle to con newbies, I know you threw a lot into ekovest and must be pissing your pant now...

https://klse.i3investor.com/files/my/blog/img/bl2409_photo_20190424_143741.jpg

https://www.theedgemarkets.com/article/positive-news-ahead-mahathirs-beijing-trip

For Bandar Malaysia, IWH-CREC Sdn Bhd is committed to make an advance payment of RM1.24 billion in two months.

IWH-CREC will acquire a 60% stake in Bandar Malaysia Sdn Bhd, which is wholly owned by the Ministry of Finance, for RM7.41 billion. It will be the master developer.

A picture paints a thousand words

https://cdn1.thecoverage.my/wp-content/uploads/2019/04/Mahathir-Ekovest.jpg

eyes no longer that sharp..

Posted by kyy_superhuman > Apr 27, 2019 12:42 AM | Report Abuse

and once again, news from last year, trying to link ekovest to botak lim to a freaking bread and finally to mahathir, so desperate want to escape from this counter, because you know next week will be the beginning of downtrend so creating chance for your pitiful soul to escape lmao.

Buy Mahathir The Loaf And Get Bandar Malaysia Worth RM 140 Billion ?

April 23, 2019

https://thecoverage.my/news/buy-mahathir-the-loaf-and-get-bandar-malaysia-worth-rm-140-billion/

The Loaf Rising Again Under Ekovest

By MT Webmaster On Nov 2, 2018

https://www.malaysia-today.net/2018/11/02/the-loaf-rising-again-under-ekovest/

cannot escape with the help of newbie - for sure

true...i really dont know if Mahathir knows what he is doing...

ha ha ha...

its precisely these 'never give up' business skills of LKH that brought him to his current level..

Posted by Fish and Chips > Apr 27, 2019 12:15 AM | Report Abuse

Probability! Yes, i agree with! Botak Lim has strong connection with CCP proxies! Remember how Najib snub Botak Lim for Dahlia! Now Botak Lim is back! I can imagine Botak Lim telling Najib! I'll be back!

his eyes is sharp...but brain is having neurodegenerative disease like Darth?

Posted by Darth_ > Apr 27, 2019 12:09 AM | Report Abuse

Your eye is sharp. probability is conman who is trap here and try to con newbies.

Posted by kyy_superhuman > Apr 26, 2019 11:58 PM | Report Abuse
eh look at the date la, that durian news is almost 1 month old ald la, and the BM news is also few days old ald, bunch of idiots here try to con newbie into this counter so that they can escape.

the whole trip is tailored made to suit LKH needs

i am not trying to con newbie...what for...need to con sharks liao with this kind of volume

Positive news ahead of Mahathir’s Beijing trip

The Edge Malaysia

April 24, 2019

https://www.theedgemarkets.com/article/positive-news-ahead-mahathirs-beijing-trip

The prime minister was roundly criticised when he returned from Beijing, with some of his detractors calling the five-day trip a failure. Not surprisingly, opposition parties accused him of jeopardising Sino-Malaysia ties of 45 years, which started during the time of former prime minister Tun Abdul Razak.

This, they said, would dim the country’s economic prospects as China, with its 1.4 billion population, is now a super power and the world’s largest consumer of many goods, including edible oil, musang king durian and natural resources.

PLS Plantations secures 4 durian distribution deals in China

https://www.nst.com.my/business/2019/03/474720/pls-plantations-secures-4-durian-distribution-deals-china

The exports were valued at US$1.1 billion in 2017, significantly higher than the US$243 million recorded a decade ago.

he is advanced quantum computer.. he he

Posted by Heavenly PUNTER > Apr 26, 2019 10:19 PM | Report Abuse

You can't hope, probability, you need to increase back the confidence, not like this flip prata, suddenly 1 suddenly 0... Stock market is about the future, if you can't even make a firm decision in the present, how lah you want people to put money into the country...

hopefully they return to bursa


Posted by qqq3 > Apr 26, 2019 10:12 PM | Report Abuse

probability > Apr 26, 2019 9:54 PM | Report Abuse

true...thats why foreign investors still spooked
========

Foreigners are traders and have loyalty.

i see...

Posted by qqq3 > Apr 26, 2019 10:14 PM | Report Abuse

by probability > Apr 26, 2019 9:57 PM | Report Abuse

that explains ECRL ...what about BM?
=========

BM is a risk for the developers............what risk we get?

In this soft market, u should be thankful somebody ( not the government) wants to take up the risk.

you need not succumb if they are a bully...but you can explain your rationals in a friendly win-sin gesture... i think the win-win comic book made was really a good idea

that explains ECRL ...what about BM?

Posted by qqq3 > Apr 26, 2019 9:55 PM | Report Abuse

ECL....

It as Najib who signed an agreement with $ 21 billion penalty for cancellation.....

For Mahathir, it is pay $ 21 billion and get nothing or pay $ 40 billion and get the ECL....and appease east coast voters.

Debt is really bad for the country.....the whole world market is going to collapse very soon. I think the country has to avoid foreign debt at all costs.