Today's Star news paper has a big article about Eco World Development. Salcon has teamed up with the Eco World, anyone knows if some other excitements are brewing in Salcon ?
Looks like they won't pay special dividend.Just completed a private placement to raise fund. Lots of money required for the new venture - property development.
so if salcon is in the team up with MMC, AZRB for Langgat 2 (can anyone confirm this ?), then it should catch up in the selangor water play like puncak and kps
Can we compare this with MAA? Sold their prize assets, get back cash. But Salcon is slightly better. In the sense that they will have a big property development in JB JV with Tan Sri LKS
I really don't understand why they need the private placement since they have already in the midst of selling their water business and get back rm200mil, the private placement only get RM19mil, the only logic that I can think of is for the existing directors to accumulate more shares for their future disposal in better gain
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TESSA
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Posted by TESSA > 2013-09-13 09:08 | Report Abuse
wow the awakening of salcon