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Overview
Financial Highlight
Headlines
Business Background SKH Consortium Bhd is an information technology (IT) company. It is engaged in the business of investment holding. The company's segments are IT and Information Communication Technology (ICT) Division, which is involved in the research and development; system network support; IT System and integration services; trading in IT related products, such as hardware, software and accessories; electronic commerce provision and facilitation, and software development and support services and others, and Construction Division, which includes property construction and its related business.
  Erie SKH Consortium Bhd is proposing to acquire a 70% stake in property development firm Rimbun Gabungan Sdn Bhd for RM12 million in cash, from a company in which Bina Puri Holdings Bhd's founder Dr Tony Tan Cheng Kiat is a director. SKH said it inked a share sale agreement with Bijak Fajar Sdn Bhd and Newston Development Sdn Bhd for the proposed acquisition. The directors of Rimbun Gabungan are Tan, David Ng Chee Hwa, Zailan Abdul Ghapar and Heap Wei Guan. Tan and Ng are both directors of Bijak Fajar, which has a 70% stake in Rimbun Gabungan, while Zailan and Heap are directors of Newston, which owns the remaining 30% in Rimbun Gabungan. Under the agreement, SKH will buy 49% from Bijak Fajar, and 21% from Newston — giving it control of 70% in Rimbun Gabungan. Rimbun Gabungan is set to receive the rights to develop a piece of government leasehold land in Setapak that has been alienated for affordable housing from its sister company, Rimbun Purnama Sdn Bhd, which was awarded the land last year. The two companies have common shareholders and directors. Based on an independent valuation in April this year, the market value of the land was set at RM24.52 million. The proposed affordable housing project on the plot, comprising two blocks of residential apartments, will have an estimated gross development value of RM252 million. 13/07/2018 01:24 Erie Good time to announce the above news when the construction sector is in positive vibes..wonder how the market will react tmrw..huat arre 13/07/2018 01:26 MrXYZ This counter very heavy to up..yes it was buy transactions..but finally ending with 0.07..it was open gap up at first..may be pump and dump stock 15/07/2018 17:39 MrXYZ Haha..recycle..don't know what they are trying to do..maybe gap up to 0.08 tomorrow.. 26/07/2018 17:02 B4b4 An excellent stock for long term investment. Debt-free stock, cash rich too ! Good prospects for future growth especially in properties development. 27/07/2018 09:52 SKH_ SKH seeks to diversify into property development, investment https://www.theedgemarkets.com/article/skh-seeks-diversify-property-development-investment 06/08/2018 23:12 yuen buy house for living buy food-drink for eating ,listen some music enjoy ... https://www.youtube.com/watch?v=9bZkp7q19f0 19/09/2018 09:35 eatsmall sudah kena virus attacked..nonstop makan 9sen..but lahanat..ada olang block at 8.5sen.. 19/09/2018 09:46 Yael Jasper Very confident stock, good to invest it and then can buy more car HAHAH! 19/09/2018 11:45 Bobfoo307 Pls refer to the latest announcement/ proposals ... is it good for the company ? 25/09/2018 00:56  |
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