not that bad. the way I look at it is consolidation under 1 company i.e. Ekovest. He used to have companies under individual holdings. And LKH used to be very quiet. If he wanted act like Vincent tan, he would have done this long time ago. Under his various holdings, there are challenges as it involves Johor state holdings. Without consolidation, one would blame him for related party transactions. Vincent Tan was doing cross holdings. Ekovest, IWCITY and rest are not doing that. Anyway cross holdings is now not permitted.
Quite interesting development s at Ekovest. All we know Botak is aiming big at Ekovest by converting the warrants into mother shares. Botak is switching it's bet between IWH , BM , Ekovest respectively. The land acquisition is just put of a deal. Look at a dinner prints . Maybe we can get more answer coming AGM. But we need to ask Botak at the meeting
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Posted by uptrending > 2019-11-23 16:51 | Report Abuse
Ekovest's SPE 29km costs 3.75 B. Isn't it very costly!?