Dear friends of i3 Forum,

In year 2021 we posted

PALM OIL JEWEL: BPLANT OR BOUSTEAD PLANTATION (5254) BPLANT HAS DEEP VALUE ASSETS AND INCREASING EARNINGS, Calvin Tan Research

Publish date: Mon, 12 Apr 2021, 10:16 PM

It was then 57 sen. 2 years later LTAT took it private at Rm1.55 after Tok Mat said, "Planting on Gold Mine" Land

Indeed!

Bplant's 220,000 Acres of Palm oil lands are too precious to plant palm oil

See this

BOUSTEAD Plantations Bhd (BPlant), a wholly-owned subsidiary of Lembaga Tabung Angkatan Tentera (LTAT)-controlled Boustead Holdings Bhd, is in talks to sell 1,200 acres of plantation land in Kulim, Kedah, to Kulim Technology Park Corp Sdn Bhd (KTPC), according to sources.

It is understood that the price tag being bandied about is RM7.50 to RM7.80 psf, or about RM400 million for all of the 1,200 acres.

China’s rich are moving their money to Singapore. Beijing’s crackdown is one of the reasons

• An increasing number of affluent Chinese are setting up family offices in Singapore.
• The trend appeared to pick up last year after Beijing’s sudden crackdown on the education industry and emphasis on “common prosperity” — moderate wealth for all, rather than just a few. 
• Over the last 12 months, inquiries about setting up a family office in Singapore have doubled at Jenga, a five-year-old accounting and corporate services firm, according to its founder Iris Xu. She said the majority of inquiries come from people in China or emigrants from the country. 

Assets held for sale - Rm220,853,000

About 13,338 Acres in Kipi Tanah Kuning, Bulugan are for sale

Book Value Rm16,500 

Industrial Park lands in Malaysia command a price of Rm300,000 to Rm3 Millions per acre

Now TSH can certainly raise price as demand will surge

THPLANT (Refer Bursa)

Assets classified as held for sale

Rm802,919,000

About 7 Plots of Palm oil lands located near Serian to Bintulu & along the Pan Borneo Highway

Book Value only Rm5,800 per acre (dirt cheap) SCIB just bought Lands 10km from Bintulu for Rm1 Millions per acre

SO LIKE BPLANT THPLANT IS SITTING ON "GOLD MINE LANDS

240,000 Acres in All

Or About the Size of 3 Penang Islands

If sold at current market value. It will be mind blowing

RIMBUNAN SAWIT

Very fortunate it bought lands near 3 Major Potential Boom Areas of Sarawak (Now industrialising very fast under Abang Jo)

It has lands near KUCHING, SIBU & MIRI

Book Value as low as Rm3,500 per sf

or less than 10 sen psf

Its lands are bigger than 2 Penang Islands

See

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How come a 24.5 sen share company with LANDS AS BIG AS TWO PENANG ISLAND

Book Value

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Thirty Largest Securities Account Holders (cont’d)

No. of

Name Ordinary Shares %

21 Roseate Garland Sdn Bhd 4,180,520 0.21

22 Tiong Chiong Ie 3,894,800 0.19

23 Lueh Tai Wai 3,200,000 0.16

24 Gooi Seong Gum 3,000,000 0.15

25 Kendaie Oil Palm Plantation Sdn Bhd 3,000,000 0.15

26 Yayasan Sarawak 3,000,000 0.15

27 Public Nominees (Tempatan) Sdn Bhd 2,681,100 0.13

Pledged Securities Account for Yap Kau Tee (E-KPG)

28 Maybank Nominees (Tempatan) Sdn Bhd

Pledged Securities Account for Cheah Kok Shen 2,410,000 0.12

29 Diong Hiew King @ Tiong Hiew King 2,400,000 0.12

30 Ngu Yii Chuo 2,400,000 0.12