Posted by Diamond7 > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/736901

Posted by jjohnchew > 2 months ago | Report Abuse

Jaks is Better le ..

JAKS Resources to dispose of oil palm land in Penang for RM77.7 mil
By Choy Nyen Yiau / theedgemalaysia.com
09 Sep 2024,

In a filing with the stock exchange, the construction and power utilities group said it is selling four plots of the land to Summersonic Sdn Bhd for RM35.9 million, and the remaining 13 plots to Pacific Arena Sdn Bhd for RM41.8 million.
JAKS Resources said the land located in Seberang Perai Selatan had a net book value of RM15.97 million as of the end of December 2023. The group expects a net pro forma gain of RM50.38 million from the disposal.

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho ytlp even the Latest QR with Lower Profits… Benjamin Graham Number is ard 3.81..

Why u shy away after cannot reply SWOT analysis facts n figures that u challenged OIB ..🤣

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Jaks is Buy Low Sell High … Price RM 0.13 , NTA 0.60 ..

Posted by Sslee > 2 months ago | Report Abuse

Jaks how to be better?

Never pay any dividend to shareholders but yearly asking free money from investors and shareholders with PP and RI. And without fall come Q4 big impairment on contract assets and receivables.

Jaks is BUY Low and SELL Lower.

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho much better than yr promoted Pump n Dump SCIB with TP RM 1.00 by early 2025 years ( The Major over 20 % is on Force Sell ) and Omesti ( 8 consecutive QR r in Loss ) …

Posted by jjohnchew > 2 months ago | Report Abuse

As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .

>> Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with BOT 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.

>> 👉3QR : RM 14.1 million with Net Profit RM 22.5 million.



B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).

1.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


2.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


3.) QR ended September 2024 :

👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %


👉👉 Average Profit % for 9 months of 2024 is 10.94 %


👉👉 Average Profit % for Half year 2024 is 13.22 % … compared to Yinson Half year ( February to July 2024 ) FY2025 is 13.85 % ( RE in India )



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

Update : CRESS is effective from September 2024 after 1 month discussion with industry generators/ players ) .

800 MW CGPP winners can even sell RE electricity cross border.( To Singapore ) .



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ( with intention up to limit 500 MW ) ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) Jaks :
CAGR : 3Y + 29.9 % TTM + 41.2 %

Yinson :
CAGR : 3Y + 83 % TTM + 31.9 %

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho someone blowing SWOT analysis in YTLpower but asked to provide facts n figures.. surprised that he posted how to provide !🤣

Then he shouted run for yr Lifee in investing… better don’t touch le !🤣🤫

Posted by ks55 > 2 months ago | Report Abuse

Buying Crescendo is a sure win.
Buying YTLP is like buying Tai Sai in Genting.
Your money.
Your choice.

Posted by Sslee > 2 months ago | Report Abuse

Isn't selling land to report big profit a one off event?
After selling all the land and without profit from land selling what will be the normalized PAT?

Just wonder why all IBs have buy call on YTLP?

Buying jaks is like ikan billis swimming with sharks sure telan by sharks

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho the Konartist is still blowing here ke .. Jaks is much better than yr promoted Pump n Dump SCIB ( blowing TP RM 1.00 by early 2025 ) and Omesti !!!

YTLpower??? >> Too many hidden risks :

1.) Kulai DC Green Park : Update ???

2.) PowerSeraya: 2 Power Plant with Total 2920 MW going to be phase out due to service life starting 2026 to 2031 .

3.) Wessex : Recent QR with Profit is due to Tariff Hike but need to pump in Capex ard RM 20 billion over 5 years .

4.) Just today news .. TNB signed with Sembcorp Power Pte Ltd for supply of 50MW renewable energy to Singapore.

Posted by ks55 > 2 months ago | Report Abuse

Selling at rm 6.5 million per acre.



Posted by ks55 > May 14, 2024 1:32 PM | Report Abuse X

Crescendo is looking for buyer for its 75 acres of industrial land at NCIP. Looking at the latest transaction @ rm 138 psf at SILC, NCIP land should sell at rm 150 psf, or rm 6.5 million per acre. (something like DongQuan to Shenzhen). So this 75 acres worth rm 488 million!

Posted by ks55 > 2 months ago | Report Abuse

Posted by ks55 > May 14, 2024 6:50 PM | Report Abuse X

Hopefully remaining 75 acres can sell at rm 150 psf to more DC operators within next few months.

Posted by ks55 > 2 months ago | Report Abuse

Where is the location of the latest land sale?
Look for those lands (5 lots) on the left side of land marked green on page 11/50
https://crescendo.com.my/core-files/uploads/2024/05/CCB_Analyst-Briefing-2024-Q4_Final.pdf

Posted by ks55 > 1 month ago | Report Abuse

From Google Map, the lands are at the left side of Professional Testing Services Sdn Bhd. You should also take note Unibase Precast land (about 30 acres) is not included in the 75 acres mentioned above. Easily relocate to Jeram Batu and the land can be put into better use.

https://www.google.com.my/maps/@1.4458942,103.6071027,1414m/data=!3m1!1e3?entry=ttu&g_ep=EgoyMDI0MTIwNC4wIKXMDSoASAFQAw%3D%3D

Posted by ks55 > 1 month ago | Report Abuse

Anyway, I have great confidence in Crescendo's business model, Directors' integrity and professionalism. I am with the company to see how my money grow every quarters.

Posted by Bullkobear > 1 month ago | Report Abuse

Total Treasury Shares
3,716,400
Special dividen like Kossan ... Harta ?

Posted by Diamond7 > 1 month ago | Report Abuse

Cresendo 1.45/1.46
Go...go..go...
Hopefully give us good dividend soon?

Posted by ks55 > 1 month ago | Report Abuse

More SBB today. Crescendo is grossly undervalued. Today may close at 1.50

Posted by ks55 > 1 month ago | Report Abuse

"Investment Highlights
• We initiate coverage on Crescendo Corp with a fair value of RM3.50/share on a 45% discount to our NAV of RM6.36/share. Johor-based Crescendo is the premier developer of industrial property in the state.
• We forecast core earnings to accelerate from RM56m in FY13 (Jan) to RM85mil in FY14F, and rising by a CAGR of 34% to RM134mil in FY16F. This robust growth is underpinned by sustained strong demand for its flagship Nusa Cemerlang Industrial Park (NCIP: 523 acres) where it has already pre-built RM220m of industrial property ready to launch.
• Crescendo offers an attractive direct leverage to the ascendancy of industrial property in Johor where the relocation of SMEs from Singapore would accentuate demand expansion. As it is, SMEs from Singapore account for 56% of its sales at NCIP.
• The entry of Singapore's industrial park developer Ascendas (via a JV with UEM Land) to develop Gerbang Nusajaya – located next to NCIP, would further underscore newsflow momentum by broadening the clientele base.
• NCIP aside, Crescendo would also be fast tracking the development of its new industrial project – Bandar Cemerlang (1,300 acres), where it is setting aside some 500 acres for industrial property. Maiden launch is expected by 1H 2014. The imminent launch of Bandar Cemerlang would more than double its presales of industrial property, currently coming from NCIP and Taman Perindustrian Cemerlang (TPC).
• This aside, Crescendo also has one strategic parcel of land within the Tebrau area (CLSB: Sg.Rekoh) where the development potential is very high due to its highly populated catchment areas. Reclamation works for this 222-acre site is expected to complete year-end.
• We are forecasting its presales to surge from <RM200mil in FY13 to at least RM500m in FY14F and RM700m in FY15F, consistent with management presales target of RM1.2bil over the next two years. This is supported by high pre-tax margins of ~40% for its industrial properties.
• Balance sheet is strong with FY14F net gearing of just 8%. Crescendo has a decent dividend policy of 30%. At current levels, its dividend yield is forecast at 5%-6%.
• Valuation is very attractive from both the earnings and assets standpoint. It is trading at 10% discount to its historical book value of RM3.05/share, and a deeper discount of 57% to our NAV of RM6.36/share. FD FY14F16F PE is only at 6x-9x, with EPS CAGR of 34%. "


Above is an extract from AmResearch by Hoy Ken Mak on 8 May 2013. Good to read the whole report to get better understanding how Crescendo performed over the past years. Bearing in mind NCIP land was valued at rm 18 per sq ft since 2013, and the land is now sold for rm 150 per sq ft few days ago.

Posted by ks55 > 1 month ago | Report Abuse

Just highlight first para and google search and you will be able to get the whole article.

Posted by Diamond7 > 1 month ago | Report Abuse

Quarterly report end of month!
Wonder if they are going to announce any dividend!
Easily 70 million profits!

Posted by lionel messi > 1 month ago | Report Abuse

Yes sir you better believe something is brewing. Price creeping up towards quarterly report announcement date. Insiders are mopping up. Major catalyst coming.

Posted by chamlo > 1 month ago | Report Abuse

2025 no more land to sell? Run asap while you can.

Posted by Diamond7 > 1 month ago | Report Abuse

Cresendo
Hot very hot!
Why?

@chamlo
Still have 45 minus 16 acres of land listed for sale to data center
This....will sell like hot cakes!
6 th piece was sold at 5 million per acre
7 th piece was sold at 6.5 million per acre
Inflation!
Land assets very valuable!

Still have 2000 acres of industrial land going for sale next year

Bukit Chagar condo near RTS going to be launch soon!!!

On 🔥

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Crescendo still have 2591 acres of landbank in Johor, is this number correct? even after latest sale?

Posted by ks55 > 1 month ago | Report Abuse

@chamlo
Still have 45 minus 16 acres of land listed for sale to data center
This....will sell like hot cakes!
6 th piece was sold at 5 million per acre
7 th piece was sold at 6.5 million per acre
Inflation!
Land assets very valuable!

=================

Are you sure left only 29 acres?
Where is the location of the latest land sale?
Look for those lands (5 lots) on the left side of land marked green on page 11/50

https://crescendo.com.my/core-files/uploads/2024/05/CCB_Analyst-Briefing-2024-Q4_Final.pdf

Posted by ks55 > 1 month ago | Report Abuse

From Google Map, the lands are at the left side of Professional Testing Services Sdn Bhd. You should also take note Unibase Precast land (about 30 acres) is not included in the 75 acres mentioned above. Easily relocate to Jeram Batu and the land can be put into better use.

https://www.google.com.my/maps/@1.4458942,103.6071027,1414m/data=!3m1!1e3?entry=ttu&g_ep=EgoyMDI0MTIxMS4wIKXMDSoASAFQAw%3D%3D

Posted by Diamond7 > 1 month ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/rakuten/2024-12-18-story-h476693023-Technical_View_Crescendo_Corporation_Berhad

Posted by Diamond7 > 1 month ago | Report Abuse

https://www.enanyang.my/行家论股/上升股吉星机构-阻力rm167

Posted by Bullkobear > 1 month ago | Report Abuse

I am looking for a special dividend again.

Posted by Diamond7 > 1 month ago | Report Abuse

Quarterly report this Friday!
I expect the quarterly report to be good!
Bout 70/75 million profits!

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Waiting for spicy dividends. Recalled last qr "Based on the committed property sales of RM260 million as at 20 September 2024, including land sales at NCIP of RM115.9 million."

Posted by Diamond7 > 1 month ago | Report Abuse

Blogs Headlines
Mercury Securities Research
Crescendo Corp (6718) - More Dividends On The Cards?

MercurySec
Publish date: Thu, 26 Dec 2024, 08:02 AM
Technical chart: CRESNDO

Stock Highlights
Core property business remains robust. In 1HFY25,Crescendo's property development and construction division contributed 88% of the total revenue, with 75% coming from land sales related to data centre projects in its Nusa Cemerlang Industrial Park (NCIP). Even excluding these land sales, Crescendo's core profit from property development still saw a remarkable 170% surge YoY. Upcoming launches in the pipeline include mid-to-high-end landed properties and shop offices in Bandar Cemerlang (GDV: RM237m), a 1,200-unit serviced apartment near the JB-SG RTS station (GDV: RM1bn), and an industrial park development in Bandar Cemerlang.

Posted by ks55 > 1 month ago | Report Abuse

Santa Claus is coming to Crescendo. Let's celebrate for Merry Christmas and A Happy New Year!

Posted by ks55 > 1 month ago | Report Abuse

Crescendo makes 12.3 sen for Q3, that does not include latest land sales 115 million and 120 million.

Barring major geopolitical uncertainties and economic headwinds, the Board is positive and confident of the prospects of the Group's upcoming new property development and anticipates that the Group will be operating at optimum capacity in the coming years. Based on the committed property sales of RM288 million as at 23 December 2024, including land sale at NCIP of RM120 million, the Board expects the Group to have a very good year in FY2025.

The corporate proposal announced but not completed as at 23 December 2024 is the disposal by Panoramic Industrial Development Sdn Bhd ("PID"), a wholly-owned subsidiary of the Company, of a vacant land for a total cash consideration of RM115.9 million through the execution of a conditional sale and purchase agreement ("SPA") on 12 July 2024.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3512334

Posted by ks55 > 1 month ago | Report Abuse

Crescendo sells 2 more pieces of land in Jeram Batu for 37.7 million and make profit of 26.8 million.

The Disposal will increase the CCB Group’s earnings after tax by RM26.78 million upon Unconditional Date as defined in SPA 1 and SPA 2 respectively.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3512351

The principal business activity of Unibase Concrete Industries (UCI) is producing concrete products. UCI has temporarily ceased its activity on production of concrete products since 2022 pending the set up of a new plant at Bandar Cemerlang, Ulu Tiram.
That is to say 20 acres industrial land occupied by UCI is up for sale at least 6.5 million per acre.

Posted by Diamond7 > 1 month ago | Report Abuse

Crescendo expressed optimism about the property market, particularly in Johor, over the next few years noting that the influx of foreign direct investments into Johor is expected to sustain strong demand for industrial properties.

Posted by abcb > 1 month ago | Report Abuse

Invest and keep before CNY,TP 1.90

Posted by abcb > 1 month ago | Report Abuse

To declare special dividend agsin before CNY for sure

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho still got how many Lands for Sale ???


The Edge Malaysia
https://theedgemalaysia.com › node
Crescendo seals seventh land sale in Johor, to data centre operator
6 Dec 2024 — This marks Crescendo's seventh land disposal since November last year, when it sold two parcels for RM117.02 million to STT GDC Malaysia 2 Sdn ...

—-

Posted by ks55 > 3 days ago | Report Abuse

Crescendo sells 2 more pieces of land in Jeram Batu for 37.7 million and make profit of 26.8 million.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho someone blowing SWOT analysis in YTLpower but asked to provide facts n figures.. surprised that he posted how to provide !🤣

Then he shouted run for yr Lifee in investing… better don’t touch le !🤣🤫

KS ke ..🤫

Posted by jjohnchew > 1 month ago | Report Abuse

Crescendo:

Price : 1.53
NTA. : 1.68 ( what is the NTA after keep selling Lands ) .🤔

EPS 65.9 sen
Trailing PE (Sector Median: 12.6) 2.3
Current Ratio 1.9
Debt-Equity (DE) Ratio 0.52
FCF Yield -7.13 %
Revenue QoQ -28.06 %
Revenue YoY 127.18%
Profit QoQ -26.87 %
Profit YoY 473.07 %
Profit Margin (Sector Median: 7.7) 46.2 %


Jaks :

Price : 0.13 ( Lowest is 0.12 )
NTA : 0.60
EPS 0.71 sen
Trailing PE (Sector Median: 22.0) 18.9
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %
Revenue QoQ 7.74 %
Revenue YoY 41.26%
Profit QoQ 167.57 %
Profit YoY 215.31 %
Profit Margin (Sector Median: 3.8) 35.93 %

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho Jaks is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with BOT 25 years concession , ie : until 2046 .

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.

>> 👉 3QR : RM 14.1 million with Net Profit RM 22.5 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ) , ie until 2048.


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)

1.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


2.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


3.) QR ended September 2024 :

👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %


👉👉 Average Profit % for 9 months of 2024 is 10.94 %

-

C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % , Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. ) …COD is scheduled by 4Q 2025 .

Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS is effective on September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

Update : CRESS is effective from September 2024 after 1 month discussion with industry generators/ players ) .

800 MW CGPP winners even can sell RE electricity cross border.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho just check FY2024 Annual Report on Particulars of Properties….

—-

Posted by jjohnchew > 20 hours ago | Report Abuse

Hoho still got how many Lands for Sale ???


The Edge Malaysia
https://theedgemalaysia.com › node
Crescendo seals seventh land sale in Johor, to data centre operator
6 Dec 2024 — This marks Crescendo's seventh land disposal since November last year, when it sold two parcels for RM117.02 million to STT GDC Malaysia 2 Sdn ...

—-

Posted by ks55 > 3 days ago | Report Abuse

Crescendo sells 2 more pieces of land in Jeram Batu for 37.7 million and make profit of 26.8 million.

Posted by Diamond7 > 1 month ago | Report Abuse

Hopefully SEZone agreement be signed on Jan 6 to 8th

N all JB theme play stocks rocket up!

Posted by Diamond7 > 4 weeks ago | Report Abuse

JS-SEZ will cover 3,571 sq km across six cities and townships in Southern Johor including Johor Baru, Iskandar Puteri, Pasir Gudang, Kulai, Pontian and Pengerang. Nine flagship zones have been identified namely, JB City Centre, Iskandar Puteri, Tanjung Pelepas - Tanjung Bin, Pasir Gudang, Senai-Skudai, Sedenak, Forest City, Pengerang Integrated Petroleum Complex and Desaru.
JS-SEZ aims to get 50 high-value projects off the ground and create 20,000 high skilled jobs within the next five years. Over the next decade, JS-SEZ aims to implement 100 high- value projects. The first wave of takers is likely to be global companies that are trying to manage geopolitical risk. Focus sectors will be Logistics, Technology (data centre related and advanced electrical and electronics), Petrochemical, Tourism and Energy Transition.
Pro-business policies and incentives. To encourage the investment into the JS-SEZ, Malaysia government plans to offer incentives such as special corporate tax rate for companies that undertake new investments in high growth and high value-added activities, special personal income tax rate, tax incentives for relocation to Malaysia and green technology, pioneer status and investment tax allowance as well as global services hub incentive. In term of funding, Malaysia government plans to establish fund for infrastructure support to improve public transport and infrastructure in Johor while Singapore government will design funding support to facilitate Singapore companies' expansion in JS-SEZ and potential twinning operations of MNCs in Singapore and JS-SEZ.

Posted by mf > 3 weeks ago | Report Abuse

Stock futures are little changed as Wall Street gears up for key data, earnings season: Live updates

Posted by Mindy33 > 1 week ago | Report Abuse

The Board of Directors of CCB wishes to announce that its wholly-owned subsidiary, Panoramic Industrial Development Sdn. Bhd. (“PID” or “the Seller”), has on ­­­­­­­­­27 January 2025 entered into a conditional Sale and Purchase Agreement with Microsoft Payments (Malaysia) Sdn. Bhd. [Registration No. 201101042611 (970731-K)] (“MPSB” or “the Buyer”) (“the SPA”), for the disposal of all that piece of freehold land measuring approximately 22.548 acres or 91,249.1 square metres or 982,229.28 square feet (“Land”) which forms part of that piece of master land held under H.S.(D) 628925 (formerly held under H.S.(D) 585173), PTD 209485, Mukim of Pulai, District of Johor Bahru, State of Johor measuring approximately 9.748 hectares (approximately 24.10 acres or 1,049,265.9874 square feet) (“Master Land”), for a cash consideration of RM119,831,968 (“Disposal Consideration”) or RM1,313.24 per square metre or RM122.00 per square foot (“sq ft”) (hereinafter referred to as “the Disposal”).

Further details are set out in the attachment.

This announcement is dated 27 January 2025

Posted by Diamond7 > 3 days ago | Report Abuse

Keep going Crescendo....