Tsh own 13,338 acres in Kipi Bulugan Regency

Sold for Rm221 Millions

Or Rm16,569 per acre

Or only 38 sen psf

By July 4 2024 Tsh supposed to receive this sum of Rn221 million (final tranche of land sold total Rm731.09 millions

If sale go through?

Good as Rm221 millions cash will come in

If aborted?

Better still

As land prices have gone up to Rm25 psf by now

IF TSH DID NOT SELL THEN THESE LANDS SHOULD BY NOW RISEN TO RM25 PSF

HOW MUCH WORTH ?

So 13,338 Acres X 43,560 X Rm25

= RM14,525,082,000

A mind Boggling Rm14.5 BILLIONS

How Much Per Book Value

Divides Rm14,525,082,000

by 1,388,000,000 shares

= RM10.46 PSF

WE HAVE NOT EVEN INCLUDED 94,700 ACRES MORE VALUABLE LANDS TSH OWN IN IKN NUSANTARA

HAPPY INVESTING

Calvin Tan

Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager