In consideration of the Parties agreeing to the payment of the Final Outstanding Sum via the contra of the Identified Retail Units, the Parties had simultaneously entered into the Option Agreements and granted the relevant Parties the option to sell or buy the
Remaining Units during the Offer Period at the Option Purchase Price as follows:
RM312.0 million – (A + B + C + D)
Where A = sum of APSB’s collection from CCPSB towards the settlement of the APSB Entitlement Sum to the date of the Settlement Agreement; B = Covenanted Sum to be disbursed to APSB; C = proceeds raised from the sale of the Identified Retail Units before the Option is exercised; and D = Balance 1/3 Sum
(Basically changes in A, B, C and D figures from the variation, but total is about the same - but settle in a longer period)
Impact on Earnings Basic EPS Audited consolidated PAT for the FYE 31 May 2018 (sen) 14.71 Pro forma consolidated PAT after the Proposed Variation (sen) 27.92 Pro forma consolidated PAT after the sale of the Identified Retail Units and/or exercise of the Option and utilisation of proceeds (sen) 35.51 (No of shares, 658 million).
With ECRL back, constructions sector will be more vibrant (hopefully). Based on the announcement, the profit recognition from the Capital City deal is minimum RM85m, max is RM135m as one off gain. Hopefully they can get around RM100 - 110m depends on the sale of units over next 3 years.
Capital City, in Tampoi will benefit if HSR is revived. It is 15 minutes away from Tampoi to Iskandar Puteri (station in Johor) on the west, and 15 minutes to Johor Bahru (on the west) where possible Singapore link of Rapid Transit System.
It smack right in the middle of Iskandar Puteri and Johor Bahru. Gadang's units, will be easier to sell (once release from mainly the Bumiputra's portion).
7 Jun 2018 · KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday. ... Hence, shares of construction companies such as Gabungan AQRS Bhd , George Kent (M) Bhd and Lafarge Malaysia ...
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....
sosfinance
1,305 posts
Posted by sosfinance > 2019-03-31 12:05 | Report Abuse
Extract from Announcement@29 March 2019
In consideration of the Parties agreeing to the payment of the Final Outstanding Sum
via the contra of the Identified Retail Units, the Parties had simultaneously entered into
the Option Agreements and granted the relevant Parties the option to sell or buy the
Remaining Units during the Offer Period at the Option Purchase Price as follows:
RM312.0 million – (A + B + C + D)
Where
A = sum of APSB’s collection from CCPSB towards the settlement of the APSB
Entitlement Sum to the date of the Settlement Agreement;
B = Covenanted Sum to be disbursed to APSB;
C = proceeds raised from the sale of the Identified Retail Units before the Option is
exercised; and
D = Balance 1/3 Sum
(Basically changes in A, B, C and D figures from the variation, but total is about the same - but settle in a longer period)