Posted by 4444 > 2018-08-28 04:00 | Report Abuse

Definately a goreng ctr. Blogger do it? Ideal property is not under listed IUBIB.

Posted by paperplane > 2018-08-28 21:49 | Report Abuse

So after this post out....Stock price crashes....hahaha

Posted by SuperAsia > 2018-09-29 07:14 | Report Abuse

Don't worry, let's wait for part 4 to made this counter rejuvenate again.

Posted by Jon Choivo > 2018-11-21 21:52 | Report Abuse

"In fact, we have tried very hard to figure out why TSAO would invest heavily in IUBIB considering (a) it had nothing to do with property development at all until his own arrival in Oct 2013 and (b) his private entity, IPG is already very successful in its own right. So why takeover a public company and then start cherry-picking assets to inject from the private entity into the public one? "


Why do it? Its simple. Lets say he owned a piece of land worth RM100m that could make a profit of RM50m if fully developed.

If he could get people to pay RM500m for a property company. Instead of a mere 50% ROI. He now can get 500% ROI.

That's why.

He either wants the public recognition of being known to be very rich man, or he intends to sell off some of the shares when it gets expensive, or to be in a situation where he is able to offer overvalued shares in the purchase of land or other property companies, or for shares in JV.

Posted by Jon Choivo > 2018-11-21 21:53 | Report Abuse

Its a goreng post.

But its still very well done, and very clear insights.