malton operating cash outflow of more than 1 billion to finance the bukit jalil project, how r they going to manage their projected cash flow is my concern b4 accumulate the counter, although batu kawan is attractive, but its financial position need to be considered.
Malton may decline after getting below the 200-day MAV line. Traders may opt to liquidate as long as the stock stays below MYR0.85, with supports anticipated at MYR0.80 and MYR0.77. A failure to stay below MYR0.85 may reverse the sentiment, while the prior rebound will resume on a close above MYR0.92.
PETALING JAYA: Jendela Mayang Sdn Bhd has proposed to acquire a parcel of prime land at Pusat Bandar Damansara, Kuala Lumpur from Selangor Properties Bhd (SPB) for RM450mil cash. Jendela Mayang is believed to be controlled by Datuk Desmond Lim Siew Choon of Malton Bhd, who already owned several parcels of land within Pusat Bandar Damansara. The freehold land is zoned for commercial development. In a filing with Bursa Malaysia yesterday, SPB said its subsidiaries, Bungsar Hill Holdings Sdn Bhd, Oriseven Sdn Bhd, Orieight Sdn Bhd and Orinine Sdn Bhd, had accepted a purchase offer from Jendela Mayang for the 25,686 sq m (6.34 acres ) land. It is now being used as a public car park generat ing an income of RM433,500 per annum. “The proposed disposal provides an avenue for the company to unlock and realise the value of its investments. The proceeds from the disposal can be utilised to pare down existing borrowings and for working capital purposes.” According to a filing with Bursa, Jendela Mayang has an authorised share capital of RM400,000 comprising 400,000 ordinary shares of RM1 each and an issued and paid-up share capital of RM100 comprising 100 ordinary shares of RM1 each.
Its shareholders and directors are Jameson Pias @ Zainal Pias (who owns 40% stake), Mohd Khairuddin Nawawi (30%) and Rosadah Awang (30%).
Good stock take a good time to pull up ma... Too much ppl in malton difficult lar better your all sold out ... Them I will get good profit hihihi hi huat ar
Proposed Disposal of A Commercial Office Building by Khuan Choo Property Management Sdn Bhd (“KCPM”), a wholly-owned subsidiary of Malton, to Bukit Damansara Development Sdn Bhd (“BDDSB”) in exchange for the Subject Entitlement (as defined herein) for a consideration of RM140,000,000 (“Proposed Asset Exchange”)
Rationale & Justifications (KCPM - a wholly-owned subsidiary of Malton)
The rationale and justifications for the Proposed Asset Exchange are as follows:-
(i) KCPM is able to dispose of the VSQ Properties which form substantially the balance development properties in V Square @ PJ City Centre on an en-bloc basis for a development profit of RM54.6 million; and
(ii) it provides KCPM with an opportunity to invest in the office space under the Subject Entitlement which has very promising prospects for rental returns and capital appreciation as the property is located in a very prime and strategic location in Damansara Heights, Kuala Lumpur.
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....
keyin
2,150 posts
Posted by keyin > 2014-03-03 11:24 | Report Abuse
Huhu....