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Dear friends of i3 forum (please read to the end as we type now)

Looks like LTAT has revealed a PLAN C for BPLANT

AND THAT IS: "TO SPIN OFF A PLAN C IN LISTING "BOUSTEAD PROPERTY"

YES!​

From all that we investigated: the Course of Direction for LTAT to unlock Value of BPLANT is to Hive Off & List "BOUSTEAD PROPERTY" in upcoming future

It started with Tok Mat who said, "Planting on a Gold Mine"

After many years of Growing Cities The Lands of Bplant are now more Valuable for Housing, Industries & Townships than just planting trees

This was what we have been telling all all along

1. PALM OIL TO PALM OIL SALE

2. PALM OIL TO INDUSTRIES (better value)

3. PALM OIL TO TOWNSHIPS (HIGHEST VALUE)

LTAT has proposed to hive off Lands in Bukit Mertajam & Selangor to do "New Townships" which will give the ultimate best value.

Let's see why?

It all started with Scientex acquiring lands in Tasek Gelugor or Seberang Prai North to develop housing

As early as in year 2019 Scientex has been buying lands in Seberang Prai North

See

Scientex's proposed land buy seen to build presence in Penang

June 12, 2019 | Updated 4 years ago

Yesterday, Scientex Bhd announced its proposed acquisition of six parcels of freehold land in Seberang Perai Utara, Penang, measuring 180 acres (72.84ha) for a total cash consideration of RM109.6 million or RM14 per sq ft. We are positive about the long-term prospects as this would provide Scientex the opportunity to strike on northern Malaysia, thus expanding the group’s property footprints. We did not change our earnings forecasts.

The proposed acquisition of the parcels is strategically located in Tasek Gelugor, within the Seberang Perai Utara district. The town, adjacent to Taman Sepadu, is easily accessible from Butterworth, Kepala Batas and Padang Serai. Further, the parcels are near the Tasek Gelugor Keretapi Tanah Melayu (KTM) station, with accessibility to the North-South Expressway at approximately 9km in distance.

In year 2019 Scientex already paid Rm14 psf for lands

See further

In year 2021 Scientex again increased its LAND PURCHASE

Scientex to go big with affordable home offerings in Penang

PACKAGING manufacturer and leading property developer Scientex Bhd is increasing its affordable home offerings in Penang after its landbank in the state swells to 523 acres following an acquisition of 343 acres of freehold agriculture land in North Seberang Perai for RM246.7 mil.

Scientex plans to launch a mixed development project on the newly acquired land which is within close proximity of its existing development at Scientex Tasek Gelugor as well as being located a reasonable distance from its other future development in Malaysia’s northern region, Scientex Sungai Petani in Kedah.

The company had earlier acquired three pieces of freehold agricultural lands in North Seberang Perai through its wholly-owned subsidiaries Scientex Quatari Sdn Bhd and Scientex (Skudai) Sdn Bhd via two separate sales and purchase agreements with Sunrich Conquest Sdn Bhd and Titanium Greenview Sdn Bhd respectively.

SCIENTEX 2 YEAR LATER BOUGHT ANOTHER 343 ACRES FOR RM246.7 MILLIONS

LET'S DO A BREAK DOWN TO GET RM PSF

Divides Rm246.7 millions by 343 acres

= Rm719,241 Per Acre

To get PSF divides Rm719,241 by 43,560

= RM16.51 psf

SO IN TWO YEARS LAND PRICES JUMPED FROM RM14 PSF TO RM16.51 PSF OR UP

17.9%

LATEST PM ANWAR MENTIONED IN BUDGET PENANG WILL SEE AN LRT TRAIN CONNECTION TO SEBERANG PRAI AT COST

 OF RM10 BILLIONS

From the developers of award-winning Boustead Properties

NOW WE ALREADY KNOW THAT UNLISTED BOUSTEAD PROPERTY HAS BEEN DOING A THRIVING TOWNSHIP IN JOHOR CALLED TAMAN MUTIARA RINI

AND SCIENTEX ALSO BUILT TAMAN MUTIARA MAS (NEXT TO TAMAN MUTIARA RINI) IN JOHOR

NOW WHEN CALVIN LAST VISITED TAMAN MUTIARA RINI (BOUSTEAD SALES OFF IN JOHOR) AND ASKED

IS TAMAN MUTIARA MAS SAME AS TAMAN MUTIARA RINI?

NO! THEY REPLIED, "NOT THE SAME"

SCIENTEX COPIED OUR NAME "MUTIARA"

OH OH

NOW SCIENTEX HAS GONE UP TO PENANG AND BUILT UP SUCCESSFUL TOWNSHIPS NEAR BOUSTEAD PLANTATION LANDS IN TASEK GELUGOR

SO IT IS TIME NOW FOR BOUSTEAD TO COPY SCIENTEX'S SUCCESS AS WELL

HOPE YOU GET THE MESSAGE

LTAT PLAN C IS TO BUILD TASEK GELUGOR LANDS INTO A "THRIVING TOWNSHIP" IN PLAN C?

Kindest regards

Calvin Tan

Please buy or sell after doing your own due diligence

FURTHER NOTE:

LANDS IN BUKIT MERTAJAM/ TASEK GELUGOR ARE FAST RISING DUE TO BATU KAWAN / SEBERANG PRAI INDUSTRIAL BOOM AND NOW WITH ADDED BOOSTER WITH LRT TRAIN FROM PENANG ISLAND