CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED DISPOSAL OF 49% OF MALTON BERHAD'S ("MALTON") INTEREST IN PAVILION BUKIT JALIL MALL VIA THE FOLLOWING:- (A) PROPOSED DISPOSAL OF PAVILION BUKIT JALIL MALL BY PIONEER HAVEN SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MALTON TO REGAL PATH SDN BHD ("REGAL PATH"), A WHOLLY OWNED SUBSIDIARY OF AMBERSTRAITS SDN BHD ("AMBERSTRAITS"), FOR A TOTAL CASH CONSIDERATION OF RM1,480.0 MILLION ("PROPOSED MALL DISPOSAL");
The Board of Directors of Malton Berhad ("Malton" or "Company") wishes to announce that, all of the ordinary resolutions set out in the Notice of Extraordinary General Meeting of the Company dated 15 August 2019, were approved at the Extraordinary General Meeting of the Company held today, 30 August 2019.
The voting in respect of all of the ordinary resolutions tabled was carried out by poll and the results were validated by Sharepolls Sdn Bhd, the Independent Scrutineer for the said meeting.
The details of the polling results are set out below.
Possible for bottom fishing in Ho Hup, says PublicInvest Research
By theedgemarkets.com | 2019-09-13 08:44:37 KUALA LUMPUR (Sept 13): PublicInvest Research said Ho Hup Construction Bhd is bottoming out from its consolidation phase.
In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.
“Should resistance level of 56 sen be broken, it may continue to lift price higher to subsequent resistance levels of 58.5 sen and 61 sen.
“However, failure to hold on to support level of 52 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.
Anyone knows about the disposal of pavilion inwhich the SPA supposed to complete by Q3 and hohup should be getting their 1st trench of money. Is time to buy in....
Ho Hup Construction Bhd has proposed to raise up to RM17.79 million via a private placement of up to 10% of its total issued shares to third party investor(s) to be identified later.
Technically, hohup share is In the midst of forming Cup and handle, a bullish formation on track.
The disposal bukit Jalil pavilion mall will allow hohup to monetize its land bank value at RM 266m, a value which is much higher than its current entire market capital.
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....
FATA86
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Posted by FATA86 > 2019-07-24 18:25 | Report Abuse
Ho hup ho hup