TIANJIN: Malaysian businessman Mah Sau Cheong will begin building a RMB15bil (RM9.3bil) integrated seawater desalination and salt-making plant here after signing a construction and operation agreement with the Tianjin municipal government yesterday.
This is the first zero-liquid discharge seawater desalination project in China.
The agreement for the first phase of construction and operation of the treatment plant costing RMB5.5bil (RM3.4bil) was signed between Mah of Xianda (Tianjin) Seawater Resources Development Company Ltd and Wang Zheng, director of Tianjin Economic-Technological Development Area.
The signing ceremony for the first of three phases of development was witnessed by Malaysian Prime Minister Datuk Seri Najib Tun Razak and Li Hongzhong, party secretary of the Communist Party of Tianjin.
According to Michael Mah, the son of the low-profile businessman, the construction of the first phase of the development would take 30 months to complete. It is expected to be operational in 2019.
“The award of this project is for 50 years. But at the end of 50 years of operation and management, we can ask for extension,” Michael told The Star.
The Xianda project is expected to provide industrial water and demineralised water to Tianjin Nangang Industrial Zone, a 200 sq km world class petrol-chemical manufacturing complex next to Bohai Bay in northeastern China.
The investment agreement was first signed in 2013. Since then, Xianda has conducted environmental impact assessment and obtained all necessary official approvals, said Michael.
Before the signing ceremony, the elder Mah, who is Xianda Group chairman, said: “I am happy that construction will soon start. For the past two years, I have stayed put here to see through all the preparations. In fact, I first came here more than 15 years ago.”
He said this was one of his private projects in China besides real estate, cinemas and mining.
“Although I control two listed companies, they have nothing to do with this project,” he added.
In a press release, Mah said: “We have the equipment and capability to design, build and operate the project and is capable of ensuring quality.”
During the signing of the collaboration agreement on Oct 4, 2013, in Kuala Lumpur, that was also witnessed by Najib, the Prime Minister described the project as “one of Malaysia’s most exciting investments in China”.
years ago punya news la what to do with this asiapac??
and he quote "“Although I control two listed companies, they have nothing to do with this project,” he added. ". so what it has to do with this stock at current moment???
keep making the price lower la, people who visited imago mall before know the NTA is not fake, yes the company has debt, but NTA is the net value after minusing all the debt. investor that know this fact and invest with spare money sure can hold until the true price is revealed
@sadokun Imago Mall (fully owned by asipac) is the largest / main shopping mall in Sabah. Completion of pan borneo will allow faster and easier transportation within the state, which will improve the overall state economies. People from further places can easier to come Imago Mall and therefore patronizing the mall in more frequent rate
(3)公司的3大股东,截至2020年7月30日,马守昌持有18.07%的股权(直接持有17.56%及间接持有0.51%)、南马工业则持有4.661%,以及拿督慕斯达化布安则持有2.866%股权。 ====== The bad about this co is no major shareholder control over 20% of the shareholding..
@nepo that means anyone that afford can easily take over this company by collecting shares from open market, just matter of time someone is going to do it. please correct me if I am wrong
"Notice of Interest Sub. S-hldr (Section 137 of CA 2016) ASIAN PAC HOLDINGS BERHAD Particulars of Substantial Securities Holder Name MR TAN BOON SENG Nationality/Country of incorporation Malaysia Descriptions (Class) ORDINARY SHARES Name of registered holder TAN BOON SENG** Date interest acquired & no of securities acquired Date interest acquired 09 Feb 2021 No of securities 54,279,900"
Dont confused Mr TAN BOON SENG should be IGB TAN CHIN NAM'S SON not IJM 's TAN BOON SENG ( should read as TAN SRI DATO'TAN BOON SENG@ KRISHNAN)
It is a super good news for all Asiapac shareholder. IGB owner saw the value in Asiapac. I think he will increase his stakes further. Expect Mr Tan will join the board of director soon.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dompeilee
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Posted by dompeilee > 2020-09-22 09:23 | Report Abuse
Calvin tan kuku no longer promoting this stock? lol