Posted by calvintaneng > 2021-09-01 17:43 | Report Abuse

No surprise at all Tabung Haji knows the IMMENSE UNDERVALUATION OF THPLANT OVER 240,000 ACRES OF PLANTATION LANDS

Over 3,000 ACRES ARE Precious Teak Wood Plantations

Book Value From only Rm4,000 to Rm10,000 per acre

If we give average value of Rm50,000 per acre

That will be 240,000 x 50,000

= Rm12,000,000,000 (About Rm12 Billions worth)

= Rm13.59 per share huhuhu!

Some of Thplant lands are located near Ecrl Rail

In Bentong parcels of Development lands were sold for Rm1 Millions per acre

So Rm50,000 per acre average for all is reasonable

See

Tabung Haji weighing privatisation of TH Plantations — sources
Author: savemalaysia | Publish date: Wed, 1 Sep 2021, 4:39 PM