Agree to a certain extent, i think at such market one need to determine between the real fundamental of a company , than just purely relying on political news / scandals.. so the question is what does all this ownership of the condo relates to malton business fundamental?
now i start to worry about the damansara town center construction cost. 2 billion project. it still in early stage of substructure and bad timing in construction. if this project slow down or stop then really gg liao
i still don't understand how you relate it to 1mdb? if these goods are proven to be derived from 1mdb so how is it related to "where" does this good being store? owner of the house will be penalized as well?
Malton-wb 11/18 I thought expire November 2018 Actually expired 29 June 2018 I make a mistake buy in 0.01and 0.015 Exercise price RM1 Any Hope it will rebound I want to get back my money?????
Malton sure kena lah now that Rosmah things are found inside the condo. Now I wonder why this Malton boss and wife wants to get involve knowing full well that Najib is going to be under investigation when he loses the election.Are they that stupid or foolish??? I wonder???
They found it in Tan Sri Condo in Pavillion doesn't mean Tan Sri Desmond is involved in any frauds relating to Najib...Anyway the company is rich enough to support the share price...When u sell cheap I m sure he will acquire Ur shares at low price...No political issues or macro events can destroy a strong n asset rich company like Malton...even if he is found convicted tat also doesn't mean tat the company will be in trouble...
Tp be frank, if the police finds evidence in your condo and you are the owner, you will definately get it kaw2 from the authorities. And if Malton shares price goes down, do you think Tan Sri can wallop all the shares. If he can he won't list it lah.
REASON......hiding evidence and also accomplice, all this can happen as Najib is no more the PM.
Of course he can wallop and support his company shares as he is a multi billionaire worth at least 2.5 billion...Malton just have Market Capitalisation of 314 mil...tis figure is just small sand to him...he will provide the cushion just like what Maybulk Boss supported their company share price when faced with massive losses...
Scary part is desmond and his wife may be charged too? Those uncertainties will affect malton. Good luck to those still holding. Who knows how much corrupt monies are used to buy condo units from malton. Don't forget how close tengku adnan is with malton group too!
BIRKIN HANDBAGS, CONDOMINIUM UNIT AND ESCAPE ROUTE PLANNED BY FORMER PM ALL HAVE ONE WEALTHY LOCAL TYCOON COUPLE IN-COMMON.
As things began to heat-up and unravel for the past week after former Prime Minister Najib Razak and wife tried to make a run on the morning of the 12th of May after this page: "Curi-Curi Wang Malaysia" ( CCWM ) managed to leak the information to the public which later was picked-up by the mainstream press, as well as with the help of many brave fellow Malaysians whom stood their ground that morning at Subang Skypark to ensure the former Malaysian Official Number 1 did not get away so easily; we began to see things unravel as the days passed by.
Many, including myself in-fact presumed that former Premier Najib Razak and wife's plan to escape to Jakarta was mainly because of an old friend of his whom Rafizi Ramli had once revealed maybe related to Eagle Plantations in Indonesia by which FELDA had some prior dealings with. This may or may not be true unless investigated upon thoroughly.
But as days began to pass by, the Malaysian Public was appalled to see the manner of extravagance and opulence the former Prime Minister's wife and children lived in, which was revealed from the very amount of cash, jewellery, luxury watches as well as expensive designer handbags which had been confiscated by our Royal Malaysian Police during their recent raids on apartments connected to the former Kleptocratic Prime Minister.
As things began to unfold, Federal Commercial Crimes Investigation Department ( CCID ) Director Commissioner: Datuk Seri Amar Singh Ishar Singh had been questioned by members of the press whom were present during the raids at Pavillion Residences in Kuala Lumpur: "Who does the Condo Unit belong to?" The vague answer given was merely "a TAN SRI"
But as more than two hundred plus Orange Boxes by which each had been photographed, catalogued and bagged; began to roll-out and loaded on to the Police Tricks, one name began to be well apparent on these boxes of expensive "Hermes Birkin" handbags. The label:
"FR PUAN SRI CINDY"
Upon a simple check and glance in-relation to the clue that was given by CCID Director Commissioner about the apartment unit belonging to a certain "TAN SRI", when a check into PAVILLION REAL ESTATE INVESTMENT TRUST ( REIT ) Reveals the name of two of it's biggest shareholders, which happened to be husband and wife:
Tan Sri Desmond Lim Siew Choon & Puan Seri Cindy Tan Kewi Yong
By which both Pavillion Residence Kuala Lumpur as well the Pavillion Shopping Center which many people know, is one of former First lady: Rosmah Mansor's favourite shopping destination here in Malaysia.
One would have believed that the tie ends simply there with a raided Condo residence filled with enough cash for a small bank's operation and the world's most expensive handbags, until closer inspection revealed that the very Airport Terminal in Subang Jaya by which the Private Jet chartered from Indonesia's "PremiAir" based in Jakarta, was originally scheduled to land, in-fact belongs to the very company by which Tan Sri Desmond Lim is one of the biggest shareholders at: WCT Holdings Berhad by which Tan Sri Desmond owns 19.57% shares in the company.
It was in February this year Tan Sri Desmond had made a bid to acquire 60% of SUBANG SKYPARK TERMINAL's remaining Lease Management Agreement which previously was held by Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Syed Marikiah, by which in February was only awaiting for Government approval. This purchase was in-fact finalised only in April last month for the amount of RM44.56Million.
But, come to think about it, what should be so hard to approve when your wife is close to the Prime Minister's wife, while the Managing Director for Malaysia Airports Holdings Berhad ( MAHB ): Datuk Badlisham Ghazali, is also the COUSIN of Datuk Seri Hishammuddin Hussein Onn whom is also none other than the former Prime Minister: Najib Razak's own cousin too.
Tan Sri Desmond Lim also owns a 37.2% shares in Pavilion REITS, thus tying the very Airport Terminal by which Najib Razak and Rosmah had planned to escape from, as well as the Condominium Unit which Police had recently raided, as well as many of the boxes of Luxury handbags, are tied close together to this one particular wealthy couple.
The relation between Tan Sri Desmond's company WCT Holdings with 1MDB seems to go back quite sometime when on the 17th of April 2013; it was reported that WCT was the very first and earliest companies to be awarded a contract worth RM196 Million for earthworks and civil engineering by 1MDB Real Estate Sdn Bhd.
In October 2015, WCT had also managed to acquire land valued at around RM233Million within the Bandar Malaysia/Tun Razak Exchange which was for Residential Property development. This deal or acquisition was not done through any exchange of cash by any means, but a bit similar to the Penang Tunnel development deal, this land acquisition deal was done through a trade by which WCT holdings pays for the acquisition by doing contract works worth RM754 Million.
In 2016 it was reported that Tan Sri Desmond had gain more significant influence and power when he replaced WCT's former Executive Chairman Datuk Captain Ahmad Sufian, whereas the former Managing Director: Peter Taing Kim Hwa and the company's co-founder Wong Sewe Wing had both resigned and divested their entire block of 245.72million shares of WCT, which is equivalent to 19.67% of the company, to Dominion Nexus Sdn. Bhd by which Tan Sri Desmond himself is a substantial shareholder.
In relation to 1MDB's "Bandar Malaysia" project, in December 2015, WCT was amongst the 3 local companies to bid for the development of this 486 acre ( 196ha ) of land situated at the sight of the old Sungai Besi Airforce. Amongst the other two companies bidding for this project included Permodalan Nasional Berhad ( PNB ) as well as Iskandar Waterfront City Bhd ( IWC ) which was partnered with China Railway Engineering Corporation ( CREC ) to form IWH CREC Sdn Bhd ( ICSB ). Iskandar Waterfront City Holdings ( IWC ) has about 47.16% of it's shares held by Kumpulan Prasarana Rakyat Johor Sdn. Bhd ( KPRJ ) which is owned by the Johor State Government.
In this particular bid, IWH & CRECC had put up a bid valued at around RM13BILLION for the development of the 'Bandar Malaysia' land project; and although Tan Sri Desmond whom in a consortium with a Qatari based firm came in very late after the bidding was closed, the Government stated that it would consider Tan Sri Desmond's offer as they had put up a bid valued at around RM15BILLION which was RM2Billion more than what IWH had offered.
This whole plan involving the development of 'Bandar Malaysia'; the Government then under the former BN/Najib regime had admitted was part of the Government's plans to reduce the debts which had been accumulated by 1MDB.
But the strangest chapter in this 'Bandar Malaysia' development deal came when suddenly Tun Razak Exchange City ( TRX City Sdn Bhd ) had suddenly announced that its Share Sale Agreement ( SSA ) entered into with IWH and CREC on the 31st of December 2015, which was for the sale of 60% of issued and paid-up capital in Bandar Malaysia Sdn Bhd, had lapsed, claiming that IWH and CREC did not comply while IWH had stated otherwise.
It was noted that Tan Sri Desmond's interest in the whole 'Bandar Malaysia' project was a completely commercial one as it is strategically located not far from the heart of Kuala Lumpur and would be a great addition to their PAVILLION landmarks.
Now with many of those whom were involved with 1MDB including Tan Sri Irwan Serigar, have been blacklisted from leaving the country, perhaps the apartment that was raided at PAVILION RESIDENCE as well as many of the HERMES BIRKIN handbags that were given as gifts to Rosmah Mansor by Puan Sri Cindy, may perhaps provide some INSIGHT a bit as to how and WHY the Share Sale Agreement ( SSA ) with IWC & CREC could so suddenly just fall-apart??? And maybe, PERHAPS it could give an answer to the question: WHO HELPED BOOK the Private Jet chartered for Najib Razak & Rosmah Mansor's on the 11th of May recently for their great 'holiday' escape at SUBANG SKYPARK???
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....
nemesis
3,990 posts
Posted by nemesis > 2018-05-18 10:29 | Report Abuse
BUY when there is thick blood in the streets' even if tat is Ur own blood...I encourage you to sell now...the thicker the blood the better...