Dear Friends & Fellow Investors

Dutaland share prices surged not because of operational earnings but solely due to disposal of Kenny Hill and also impending sale of Palm oil estates to Bplant for Rm750 millions.

So by the same token if Mui Bhd just dispose any one asset will show huge difference of book value and real time market value.

Example is the Corus Hotel Opp Petronas Twin Towers. Book value about Rm56 millions.

If sold it will be anything around Rm400 millions more or less or 6x more.

This same upsurge of value will catch many by surprise.

Corus Hotel Hyde Park is worth over Rm1 Billions. And there are 10 Corus Hotels in Uk.

MUI BHD ALSO OWN 70% OF MUI PROP SHARES.

MUI PROP IN TURN OWNS 1,000 ACRES OF PRIME LANDS IN BANDAR SPRINGHILL, NEGERI SEMBILAN

AND THE LANDS HAVE A BOOK VALUE OF LESS THAN RM2.50 PSF.

MUI BHD ALSO OWN 70% OF PM CORP SHARES.

MUI BHD ALSO OWN OVER 400 LAURA ASHLEY STORES WORLDWIDE

ALL THESE AND MORE ARE OWNED BY MUI BHD.

IF ALL ARE LIQUIDATED FOR PURE CASH..IT WILL MORE THAN COVER ALL THE BORROWINGS OF MUI GROUP AND WITH LOTS AND LOTS OF CASH TO SPARE.

REGARDS,

CALVIN TAN

13th STOREY CORUS JALAN AMPANG KL