The Proposed Disposal is expected to result in a one-off gain of approximately RM30.57 million to MJPerak which is around 11 sen to 16 sen depend on the number of conversion of ICPS.
PROPOSED DISPOSAL BY MAJUPERAK HOLDINGS BERHAD TO THE PERAK STATE AGRICULTURAL DEVELOPMENT CORPORATION OF A PIECE OF LEASEHOLD LAND HELD UNDER PT 829, H.S.(D) 4413, MUKIM LENGGONG, DAERAH HULU PERAK, NEGERI PERAK MEASURING A TOTAL AREA OF APPROXIMATELY 2,023 HECTARES FOR A DISPOSAL CONSIDERATION OF RM42.50 MILLION TO BE SATISFIED FULLY IN CASH (“PROPOSED DISPOSAL”) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4754381
Amprop is a good example of a developer cum solar farm player in the market. Currently, Amprop is operating a 10.25 MW solar farm which had been providing steady recurring income to the group. Is MJPerak share price going to follow suit what had been in (@Ring "Amprop" now trading at 93cts)
Insider accumulation through Conversion of ICPS
MJPerak had been seeing continuous conversion of the ICPS before the announcement of the proposed land sale. The conversion of the ICPS at a premium had put certain attention towards the incoming development of the company in the coming days.......
From 43 now 405, dirty game going on so dont panic just buy. Once land sold dividend shall be declared n then wait for d release of next Q, eps up land sale profit reflected so ST 60 n long term 1.50-2.00.
THIS IS THE DIVIDEND OF 1% PER ANNUM TO THE IRREDEEMABLE CONVERTIBLE PREFERENCE SHARE ("ICPS") SHAREHOLDERS.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex – Dividend” as from: 23 Jun 2015 2) The last date of lodgment : 25 Jun 2015 3) Date Payable : 10 Jul 2015
Remarks :- THIS IS THE DIVIDEND OF 1% PER ANNUM TO THE IRREDEEMABLE CONVERTIBLE PREFERENCE SHARE ("ICPS") SHAREHOLDERS
MJPERAK - CONVERSION OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2006/2016 ("CONVERSION")
MAJUPERAK HOLDINGS BERHAD
Kindly be advised that the abovementioned Company's additional 11,987,208 new ordinary shares of RM0.50 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00 a.m., Friday, 10 July 2015.
Announcement Info Company Name MAJUPERAK HOLDINGS BERHAD Stock Name MJPERAK Date Announced 09 Jul 2015 Category Listing Circular Reference Number ILC-09072015-00002
U hv not been reading this forum.Simple answer they bought a piece of land for 5m n selling to state Govt for 40m n last AGN directors hinted 3cts dividend n hence a catalyst for penny stock once news out n global meltdown settles can see price of 60...just my2c.....trade at yr own risk.
Lousy stock.. waste time. U see xox, how many times profit can made..this is really useless.No volume to sell or buy? How to play big game? Better play others lah.
today announce good news? or delay some more...anyone got hint?
WE WISH TO ANNOUNCE THAT MHB AND PSADC HAD, ON 11 DECEMBER 2015, MUTUALLY AGREED TO EXTEND THE COMPLETION PERIOD UNTILL 22 DECEMBER 2015 TO PROVIDE TIME FOR THE PSADC TO SETTLE THE BALANCE DISPOSAL CONSIDERATION.
AND FURTHER EXTENSION AFTER THE EXPIRY OF THE ABOVEMENTIONED DATE WILL BE SUBJECT TO THE AGREEMENT BETWEEN BOTH PARTIES.
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS Description MAJUPERAK HOLDINGS BERHAD ("MHB" OR "COMPANY")
PROPOSED DISPOSAL BY MHB TO THE STATE AGRICULTURAL DEVELOPMENT CORPORATION OF A PIECE OF LEASEHOLD LAND HELD UNDER PT 829, HS (D) 4413, MUKIM LENGGONG, DAERAH HULU PERAK, PERAK MEASURING A TOTAL AREA OF APPROXIMATELY 2.023 HECTARES FOR A DISPOSAL CONSIDERATION OF RM42.50 MILLION TO BE SATISFIED FULLY IN CASH ("PROPOSED DISPOSAL")
We refer to the previous announcements made by the Company in relation to the Proposed Disposal.
We wish to announce that we received a letter from the Purchaser's solicitors on 30 December 2015 informing us that the Purchaser had, vide its solicitors released the Balance Disposal Consideration of RM32,164,347.17 to the Company on 28 December 2015.
This announcement is dated 5 January 2016.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
bonescythe
0 posts
Posted by bonescythe > 2015-05-26 01:20 | Report Abuse
MJPerak - A Land of Gems
http://bonescythe.blogspot.com/2015/05/mjperak-land-of-gems.html