property market is the 2016 best sector counter. No such thing as property slump. People will always have money to buy property. We are Malaysian and we are not like the American where the property is not a safe investment.
Annual Report 2015, notes to the financial statements no. 29 on page 74 on significant events as follows :-
(iii) On 24 December 2014, GSB Hotel Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the mixed development and construction of hotel and commercial project on a parcel of land measuring approximately 3.0 acres in the District of Bentong.
Pursuant to the PMA, GSB Hotel Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd.is responsible for the construction and sales of the development products.
GSB Hotel Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM 57,833,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 3 years from the commencement date.
(iv) On 24 December 2014, Banda Industries Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the development and construction of residential buildings on a parcel of land measuring approximately 32.53 acres in the District of Bentong.
Pursuant to the PMA, Banda Industries Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd. is responsible for the construction and sales of the development products. Banda Industries Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM 142,167,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 4 years from the commencement date.
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....
paperplane2016
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Posted by paperplane2016 > 2015-12-25 11:17 | Report Abuse
1.4mil profit now one q, x4 ard rm5mil