Posted by Nepo > 2023-08-01 08:37 | Report Abuse

After proposed disposal NTA = RM 14.60
After proposed disposal and special dividend=RM 12.50

Posted by Nepo > 2023-08-01 08:38 | Report Abuse

ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.

Posted by Nepo > 2023-08-02 08:25 | Report Abuse

8. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approvals/consents being obtained:
(i) shareholders of AMB at an EGM to be convened;
(ii) written consent from the relevant authority (including but not limited to the Ruler in Council,
Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be
applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State
Consent”). The application for the State Consent will be submitted within 2 months from
the date of this Announcement;
(iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot
22968 (which is part of the Subject Property) subject to the Lease 2;
(iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2
in favour of the Paragon’s financier; and
(v) any other relevant authorities and/or parties, where applicable.
The Proposed Special Dividend is not subject to approval from shareholders of AMB or any
authorities

Posted by Nepo > 2023-08-02 08:31 | Report Abuse

2. Mode of Settlement
The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000)
only shall be paid by the Purchaser in the following manner: -
a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest
Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA.
b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by
the Purchaser in the following manner: -
(i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand
(RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal
Consideration payable to the Purchaser’s solicitors as stakeholders;
(ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand
(RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as
stakeholders.
The Earnest Deposit and the Balance Deposit shall collectively be referred to as the
“Deposit”

c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand
(RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser
within 3 months from the unconditional date of the SPA (i.e. the date on which the last of
the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby
expressly agrees that the Completion Period shall be automatically extended for 1
month from the expiry of the Completion Period (“Extended Completion Period”)
provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or
unpaid balance thereof, as the case may be, interest at the rate of 8% per annum
(“LPI”)

This Announcement is dated 20 July 2023

Posted by Nepo > 2023-08-02 08:46 | Report Abuse

After disposal of land, repayment of bank loan + advance from holding co, co becomes net cash co with cash per share = RM 3.35 per share.

as at 31 March 2023:-
liquid investment = 17,837,000
cash = 57,242,000

Plus cash from disposal of land after repayment of bank loan, advance from holding co
and special dividend (RM2.12 per share)= RM 128,778,000

total cash+ liquid investment =17,837,000+57,242,000+128,000,000 = 203,857,000
no of shares = 60,799,000

=203857000/60799000
=RM3.35 per shares

Posted by Nepo > 2023-08-02 08:48 | Report Abuse

Now the most important thing is the disposal of land need to be successfully complete as scheduled..

Posted by wallstreetrookieNEW > 2023-08-07 18:32 | Report Abuse

Why are you copy and pasting the entire SPA lol

Posted by wallstreetrookieNEW > 2023-08-07 18:32 | Report Abuse

All time high imminent

Posted by Nepo > 2023-08-25 08:18 | Report Abuse

30.6.2023 Q1 result, Profit before tax = RM 16,051,000
31.3.2023 Q4 result, Profit before tax = RM 9,537,000

Q to Q comparison, Profit before tax actually is Increased by 16051-9537/9537 = 68%

Posted by James_Bond > 2023-09-01 07:34 | Report Abuse

Japan dumping radioactive wastes to the ocean, poisoning all marine creatures and soon the radioactive contaminated water will evaporate to the sky and form as rains to continue harming the land living beings. Japan will continue to dispose the wastes in the future if we don’t do something about it. Boycott Japan related company! Boycott! Boycott! That’s why Kamma strikes Aeon Credit, soon will hit Aji with flavoring related business! Kamma! Kamma! Kamma!

Posted by James_Bond > 2023-09-01 07:37 | Report Abuse

Malaysia gov should stop all tax incentives to all Japanese companies for such selfish acts!

Posted by Dehcomic01 > 2023-09-01 08:06 | Report Abuse

Over the past few years, the ROE of this company has gone below 10% despite growing revenue. Has it lost control of its gross margins? Not a good sign

Posted by MG9231 > 2023-09-01 09:30 | Report Abuse

Inflated cost with artificial transfer pricing at the expense of minority shareholders

Posted by alan26334 > 2023-09-03 15:46 | Report Abuse

support by up coming special dividen rm2.1 or 13% at share price rm16

Posted by alan26334 > 2023-09-03 15:49 | Report Abuse

business profit also start recover, more gain to come

Posted by Nepo > 2023-09-04 11:09 | Report Abuse

too bad, nuclear waste dumping
japanese co image tarnish
worst still if raw materials contaminated..

Posted by Nepo > 2023-09-05 08:18 | Report Abuse

Do you notice that Aji Japan Holding company share price not affect by nuclear waste dumping..?
So why we worry for the recent downtrend..
top up some @ RM 15.90 rare opportunity

Posted by Nepo > 2023-09-07 10:38 | Report Abuse

top up some @ RM15.60

Posted by Nepo > 2023-10-06 11:07 | Report Abuse

Top up some RM 15.44

Posted by Nepo > 2023-10-07 08:28 | Report Abuse

The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024
Completion of the Proposed Disposal End March 2024

Posted by stockraider > 2023-10-07 10:21 | Report Abuse

The disposal of land & a very special div payout very attractive mah!

Posted by DestinyL > 2023-12-06 20:21 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/5999199

Posted by DestinyL > 2023-12-06 20:21 | Report Abuse

From now on, only can go up not down lol

Posted by Nepo > 2023-12-07 08:21 | Report Abuse

AJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY") PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of AMB, Inter-Pacific Securities Sdn Bhd wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 6 December 2023.

Posted by Nepo > 2023-12-07 08:21 | Report Abuse

When a Sale and Purchase Agreement (SPA) becomes unconditional, it means that all the conditions and contingencies outlined in the agreement have been met or waived, and the contract is now legally binding on both parties involved. This typically occurs when all necessary approvals, inspections, financing arrangements, or any other specified conditions have been satisfied or waived, allowing the transaction to proceed to completion. Once the SPA is unconditional, both the buyer and seller are obligated to fulfill their respective obligations as outlined in the agreement.

Posted by Nepo > 2023-12-07 14:56 | Report Abuse

after roller coaster for so many times, already squeeze out short-term trader almost completely.
leaving behind are almost the mid to long-term holders
your patience will be well rewarded..

Posted by Nepo > 2024-01-22 15:21 | Report Abuse

Now you can relax and enjoy you coffee and let the money autopilot to generate your passive income

Posted by stockraider > 2024-01-23 08:06 | Report Abuse

The disposal of kuchai lama land will bring alot of profits for ajinomoto , this will mean rerating of ajinomoto share price & good special dividend coming mah!

Posted by Nepo > 2024-02-14 16:09 | Report Abuse

The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023------->Passed
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024-------> Passed
Completion of the Proposed Disposal End March 2024------>ongoing

Posted by CorporateProposal > 2024-02-14 20:01 | Report Abuse

@Nepo what will be your TP post completion

Posted by Nepo > 2024-02-15 08:07 | Report Abuse

Hi @Corporate

I m a long-term investor. I hold Aji for long-term. As long as:
(1) Aji continues to growth(Middle East market), then i will keep the shares.
(2) If no growth, then Aji should give at least 4% dividend.

In short, If Aji can't give me above two conditions, then i will sell regardless what the share price is..

At the moment, primarily reason I hold Aji because i hope for growth from the Middle East Halal market..

Posted by Nepo > 2024-02-16 11:23 | Report Abuse

Probably today will explode to RM 17.50..

Posted by CorporateProposal > 2024-02-16 15:09 | Report Abuse

@Nepo I think engine probably start fully next week. Next QR expected end next week, hope for better QR and some good announcement.

Posted by Nepo > 2024-02-19 10:51 | Report Abuse

@Corporate, you spot on😃

Posted by CorporateProposal > 2024-02-29 17:33 | Report Abuse

Not exceptional but good QR. No good announcement yet, maybe early next month, fingers crossed.

Posted by Nepo > 2024-03-01 14:12 | Report Abuse

From the QRSales to Other Asian Countries increased substantially, wondering what Other Asian countries does Aji Malaysia sell to..?

Posted by Nepo > 2024-03-05 09:39 | Report Abuse

Look like Completion of the Proposed Disposal End March 2024------>ongoing-----> successfully completed..?
Your patient waiting will be substantially rewarded..😀😀😀

Posted by DestinyL > 2024-03-05 10:08 | Report Abuse

Go go go!

Posted by Nepo > 2024-03-05 10:09 | Report Abuse

Normal pp can only wait to harvest..
smart pp, i.e. insider can sit and relax to harvest

that is y the wealth gap widen..

Posted by CorporateProposal > 2024-03-05 10:49 | Report Abuse

Looks like good news incoming @Nepo as you said

Posted by DestinyL > 2024-03-05 12:56 | Report Abuse

There are also dumb insiders who still get to relax and harvest lol

Posted by CorporateProposal > 2024-03-05 19:05 | Report Abuse

can TP RM40 like this 🤑

Posted by Nepo > 2024-03-07 12:04 | Report Abuse

after a few days of pumping, the mgt still not let the cat out of the bag..
like this quite good because existing holders can still enjoy the runnnn.. until the day it announces..and it is the D-Day it gonna to harvest the leeks..

Posted by pang72 > 2024-03-07 12:15 | Report Abuse

Nikkie breaks all time high like wise AJI..

AJI newly build fully auto factory bring the share price to AI automation high!

Posted by Nepo > 2024-03-08 09:13 | Report Abuse

Quite obvious sb is using the news (disposal of land) to goreng..

Posted by CorporateProposal > 2024-03-08 13:13 | Report Abuse

Can target TP RM40 like this 🚀

Posted by EngineeringProfit > 2024-03-08 13:15 | Report Abuse

Aji is my favourite

Posted by Nepo > 2024-03-08 14:58 | Report Abuse

ha i predict after reaching RM20.00, they will do harvesting..

Posted by pang72 > 2024-03-08 16:19 | Report Abuse

Japanese is the best Asean country..as compared to US
Nikkie breaks all time high if you miss Nasdaq...
AJI is your Japanese stock for all time high...

Kawaiii Neh meh!!

Posted by pang72 > 2024-03-08 16:35 | Report Abuse

New AJI AI fully automated factory become benchmark or role model for industrial 4.0 in malaysia...

So, fly rrrr!!!