THE PROPOSED DISPOSAL BY FAIRWAY PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PAN MALAYSIAN INDUSTRIES BERHAD, OF ALL THAT PIECE AND PARCEL OF FREEHOLD LAND HELD UNDER ISSUE DOCUMENT OF TITLE GERAN NO. 5573, LOT NO. 1161, SEKSYEN 0057, TOWN AND DISTRICT OF KUALA LUMPUR, STATE OF WILAYAH PERSEKUTUAN KUALA LUMPUR, TOGETHER WITH A 15-STOREY OFFICE BUILDING WITH AN ADDITIONAL 2-LEVEL BASEMENT CAR PARK (COMPRISING 87 CAR PARKING BAYS) ERECTED THEREON KNOWN AS MENARA PMI, BEARING THE POSTAL ADDRESS OF NO. 2, JALAN CHANGKAT CEYLON, 50200 KUALA LUMPUR TO ADMIRAL GATEWAY SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM60.0 MILLION (“PROPOSED DISPOSAL
The disposal will generate 60 Million income to PMI and reduce their borrowing from Bank. But at the same time PMI will lost it sole income generation and also asset. Now the only think that PMI can depend is on their Mayang Land & also 388 Million Investment in MUI.Calvin, i just want to understand, why PMI got huge investment in MUI and holding 388 Million share of MUI and is there any plan for the company to use this 388 million investment in MUI ? If MUI going up above 1.00 then PMI will have huge profit from that 388 million investment.
Posted by kumar > Nov 15, 2013 08:33 PM | Report Abuse
PMI released EGM held today. Disposal of freehold land at KL, Plus 1 story office building with additional 2 level basement car park (87 car park) for a total cash consideration of RM60 million. (proposed disposal).
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....
izoklse
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Posted by izoklse > 2013-10-30 19:11 | Report Abuse
based on the number of share buy at 0.08 today. Tomorrow will be easily clear 0.08 and to break it all time high 0.09 i think.