The tender will be call at soonest and fastest pace and winner likely will be announce before election to show PM have capability to massively gain from increase value in Bandar Malaysia
KLCI King...that one his boyfren lah. Naturally love him lor. By the way, it is good to have hng33 around. He/She is grandmaster of hours sometimes minutes trading.
KUALA LUMPUR (May 16): Malton Bhd, the property development company controlled by Tan Sri Desmond Lim Siew Choon, saw its share price rise by as much as 26% to RM1.94 in afternoon trading.
By 3:50pm, the stock had pared some of the gains and was trading at RM1.78, up 24 sen or 15.58%. Its trading volume was 55.59 million shares.
It was the fifth most actively traded counter and also the fifth biggest gainer.
Malton's warrant Malton-WB was also up 20 sen or 28.99% at 89 sen, with 104.97 million units traded. It was the third most traded counter and seventh biggest gainer.
There was market talk that Malton would be partnering China's Dalian Wanda Group as the master developer of Bandar Malaysia.
However, the group has issued a statement to deny this, saying it is not in any discussion with Dalian Wanda to bid for the Bandar Malaysia job.
MALTON BERHAD ("MALTON" OR "COMPANY") The Star article dated 6 May 2017 titled Malton group, Dalian, EPF to team up for job?
We refer to the news article which appeared in The Star on 6 May 2017 titled “Malton group, Dalian, EPF to team up for job?”
The Company, after due enquiry with its Directors and major shareholders, wishes to inform that it is not in any discussion with the parties mentioned in the bidding for the Bandar Malaysia project as reported.
Highest number of share traded, total 72.1 million share traded or about 14% total share capital (if exclud Desmond Lim 39% stake, total exchange hand share form 23% of free float share exchange hand), total average trading share price today 1.762,
malton will not bid for the project - malton got RM1B or not? stop dreaming about wanda guys, wanda is just a show, without crec , wanda would not buy a single piece of bandar malaysia, imagine iwh-crec case happned to wanda again, wang jian lin wont be so idiot to jump with the malaysia's monkeys...flip flop to the max
desmond have 2 company on hand, one is malton another is wct, wct warrant WD is going expired which generate additional fund to WCT.
given that malton get the project for bandar malaysia, its can pass the project to WCT to construct since WCT have the new fund. while constructing bandar malaysia, WCT-WE will be generate another additional fund again in coming years which not a issue for malton to get the project.
In the earlier bid, Desmond Lim, partnering a Qatari state-owned is late comer as its bid was make after the tender closed.
Desmond’s bid is understood to be about RM15 billion was the highest, vying with that of earlier front runner, Tan Sri Lim Kang Hoo’s Iskandar Waterfront Holdings Sdn Bhd (IWH), in partnership with China Railway Construction Corp Ltd (CRCC).
Now, with the lapse in deal. And tender re open again, Desmond Lim will have well prepared, no more late comer issue, Desmond Lim will have upper hand particularly if team up with richest man, Wanda group.
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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....
Sky Soo
331 posts
Posted by Sky Soo > 2017-05-16 16:31 | Report Abuse
Looks like Malton is going to team up with Dalian group for the Bdr Malaysia project.