Idle or lower next week ...sell sell sell

Hahaha no meat left ....only crushed bones frigments ...for those who fomo

If you ever have any doubt or uncertainties ...one advise ..SELL

Useless management ...idle share price reflects ...enuff said ...better sell all and move to other counter ...wasted my 2 wks time here ...hahaha

LKH is obviously conning us SH all this time ...vote him and all his family of out....useless management

So much said ...the most important thing is still making profit from Jaks ...guess many casualties especially newbies following the wrong sharks and buayas

No words oledi....cut loss or the losses will cut you soon

Goreng or kena goreng back ...kakakaa

Yes ....idle for 2 weeks

Let's see ...it has been idle for about past 2 weeks

Fakers Q ..next week push down.to 0.45

See told ya 0.485 4 mil Q before closing 1.9mil Q

Many lose money here ....so who has been making money ?

0.485 fakes Buy Q By Fakers ...will be gone soon

LKH keeps selling pressure at 0.490 oledi wayang for almost few days ...how to UP ...? Haizzzzzz

Next AGM let's all united vote LKH step down immediately...the black curse for Ekovest ...

BM masuk jamban hahaha

Worst performing stock for 2021 ...hahaha

LKH needs to step down like Vincent ...the curse black star needs to be destroy for its share to move up ...hahahaha

Ecoworld ...even lbs has out run Ekov and Iwc share price ....why? Think think think

This syndicated stock.will lose retail interests as the share price keeps plumenting ..think think think ....not everybody is happy now ..better do recovery fast or die hard soon

Greeds kills but extreme greeds is 1st Degree Murder ...death by shooting own head ..hahaha

Many Mess with Fire Hotdog go burnt. kakaka

sky not always sunny out there ....

http://www.dailyexpress.com.my/news/169295/factories-hotels-also-stealing-power-sesb/?fbclid=IwAR1Q-6aGQ7lsAaZ-MiGKJ8VQuhgotICUbn34AwAE5lZhsyKz5tPKKri3N6s

could his happen in Vietnam ? huge impairments losses

Learn from mistakes is ok but not stupiakkk mistakes

Today is to dust off stale bull and weak holders incl contra players

Dun ever contra this counter ...buy and hold

Why need to tender jobs for BM when IWH oledi owned 60% of BM. Do others developers also tender their Mega projects to others ...I highly doubt so ...

IWH better allocate most jobs for Ekovest or Iwcity to make up for it's laggard and slow moving share price

Think LKH needs to step down like Vincent Tan did....I think price stuck is due to Botak LKH curse on Ekov and Iwc ...hahaha

Thanks 0.495 sellers ...!

Smarties will buy when its still low

0.495 come to mommy pls

Buy buy buy ....die die die

Collecting happily ...anything below 0.50 just buy and hold ...very limited downsize risks

Fomo who sold below 0.50 will panic cover shorts ....kikiki

0.505 cheapest you can ever get ! No more below 0.500

Sister Iwsiti need a hardpush to 0.50 ...oledi Laggard behind others

ready to rumble!!!

Buy Buy or Bye Bye ...it's your choice ...juz dun buy higher that's all

"The board also believes that the proposed acquisitions will augur well for the group and the future development of the lands is expected to contribute positively to the group's future earnings in the medium to long term and deliver sustainable growth to the group if the development components on the lands are planned properly," said Ekovest.

Enuff to hold Botak LKH fully accountable on its future positive outcome...our sh insurance policy !

Botak LKH oledi hinting double and a half limit up 71.89% premium given TP 0.850 hahaha for the coming ICPS price

Means no 0.85 no sell ...hahaha...buy buy or bye bye

Each ICPS can be converted into one new Ekovest share. The ICPS price represents a 71.89% premium over Ekovest's five-day volume-weighted average market price until April 2 of 49.45 sen.

Limit up soon to 0.85.....LKH oledi predicted future price of Ekovest ....take note ya

Ekovest revives land purchase deal with IWH at lower price of RM945 million
Arjuna Chandran Shankar
/
theedgemarkets.com

April 05, 2021 23:41 pm +08

Ekovest revives land purchase deal with IWH at lower price of RM945 million
-A+A
KUALA LUMPUR (April 5): Ekovest Bhd is purchasing a total of 38.96ha (96.27 acres) of freehold land in Pulai, Johor from Iskandar Waterfront Holdings Sdn Bhd (IWH) for RM944.62 million.

The related-party transaction comes after last month's aborted RM1.11 billion deal between the two groups. Both Ekovest and IWH are controlled by tycoon Tan Sri Lim Kang Hoo, who has stakes of 32.4% and 63% respectively.

In a bourse filing today, Ekovest said its wholly-owned unit Timur Terang Sdn Bhd will acquire 17 parcels of land, measuring 32.49ha, for RM785.21 million. This purchase will be satisfied through the issuance of 911.32 million irredeemable convertible preference shares (ICPS) at 85 sen apiece and RM10.59 million in cash.


Timur Terang will buy another three parcels of land, measuring 6.47ha, for RM159.41 million, which will be fully satisfied in cash.

As such, the ICPS portion of the purchase price is RM774.62 million, while the cash portion is RM170 million. This cash portion will be funded through a mixture of internal funds and/or bank borrowings, said Ekovest.

Each ICPS can be converted into one new Ekovest share. The ICPS price represents a 71.89% premium over Ekovest's five-day volume-weighted average market price until April 2 of 49.45 sen.

"The board also believes that the proposed acquisitions will augur well for the group and the future development of the lands is expected to contribute positively to the group's future earnings in the medium to long term and deliver sustainable growth to the group if the development components on the lands are planned properly," said Ekovest.

Ekovest said it is resorting to using ICPS to satisfy 82% of the total purchase consideration to minimise cash flow. Additionally, the staggered conversion of the ICPS would allow it to spread out the dilutive effects on the group's earnings per share and net asset per share over a decade to commensurate with the long gestation and/or development period for the lands.

"In this regard, the board is hopeful the future development profits arising from the development of the lands would help cushion the dilutive effects arising from the conversion of the ICPS," the group said.

Assuming all 911.32 million ICPS are exercised, Ekovest's share capital would increase to 3.61 billion shares, from 2.7 billion shares currently.

In November 2019, Ekovest signed an agreement to acquire 17 parcels of freehold land, measuring a total of 30.49ha, for RM869.69 million, to be satisfied through the issuance of ICPS worth RM849.89 million, and a cash payment of RM19.8 million. Ekovest also agreed to buy another three parcels of land, measuring 6.32ha, for RM180.2 million, to be fully satisfied in cash.

However, on March 22, the deal fell through.

As a consequence of the deal falling through, plans to float IWH on the local bourse have been delayed. The Edge reported that this has been delayed to the second half of 2021, from the first half as initially planned.

Shares in Ekovest closed 1.5 sen or 3.06% higher at 50.5 sen, valuing the group at RM1.36 billion. The counter saw 15.03 million shares done.

Careful no mention impairments yet

Sunway to raise RM1.1 billion via issue of ICPS

now Sunway share price at 1.75 close to precovid price

https://klse.i3investor.com/m/blog/powerinvestmenthouse/2020-08-23-story-h1512480316-THINK_ICPS_IS_ACTUALLY_BAD_FOR_INVESTORS_THINK_AGAIN.js

for sharing