The another piece is at Lot 24, Kota Damansara 174,000 sqft , potential value = 174000x 550 = $96mil , carrying value roughly $20mil in 2015, this sale will be huge cash if real.
Signature International Berhad ("SIGN" or "the Company") - Acquisition of shares in Flamingo Power Sdn Bhd -FPSB is presently dormant and its proposed nature of business is to carry on the business of property development, investment and dealing by the purchase, lease, exchange or other means of acquisition, solely or by joint venture with others, lands, estates and buildings, or interests therein, by preparing for building purposes, demolishing, altering, constructing, building estates, houses, flats and buildings of all kinds, landscaping and entering into contracts and arrangements of all kinds. The Acquisition is to enable the Group to undertake the property development and investment activities.
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SIGN is pleased to announce that the Company’s 60% owned subsidiary, Signature Aluminium Sdn Bhd (Company No. 683263-V) has on 22 March 2016 acquired two (2) ordinary shares of RM1.00 each in the share capital of Flamingo Power Sdn Bhd (Company No. 1173851-P) (“FPSB”), representing the entire issued and paid-up share capital of FPSB for a total consideration of RM2.00 only (hereinafter referred to as “the Acquisition”). Upon the completion of the Acquisition, FPSB will become a sub-subsidiary of SIGN.
2. Information on FPSB
FPSB was incorporated in Malaysia on 26 January 2016 under the Companies Act, 1965. The authorised share capital of FPSB is RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each whilst the issued and paid-up capital is RM2.00 comprising 2 ordinary shares of RM1.00 each.
FPSB is presently dormant and its proposed nature of business is to carry on the business of property development, investment and dealing by the purchase, lease, exchange or other means of acquisition, solely or by joint venture with others, lands, estates and buildings, or interests therein, by preparing for building purposes, demolishing, altering, constructing, building estates, houses, flats and buildings of all kinds, landscaping and entering into contracts and arrangements of all kinds.
The Directors of FPSB are Mr Tan Kee Choong, Dato’ Chooi Yoey Sun and Mr Ang Chek Peow.
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....
garydonald21
371 posts
Posted by garydonald21 > 2016-03-15 16:45 | Report Abuse
A Sifu told me by this week end if there is no big fall from the market... Sign should reach 2.20 or above.