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2021-04-05 20:53 | Report Abuse
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY") (I) PROPOSED ACQUISITIONS; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")
EKOVEST BERHAD
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")
(I) PROPOSED ACQUISITIONS; AND
(II) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
On behalf of the Board of Directors of Ekovest ("Board"), MIDF Amanah Investment Bank Berhad("MIDF Investment") and Astramina Advisory Sdn Bhd ("Astramina Advisory") wish to announce that Timur Terang Sdn Bhd ("TTSB"), a wholly-owned subsidiary of Ekovest, had on 5 April 2021, entered into the following agreements:
(i) a conditional sale and purchase agreement with Iskandar Waterfront Holdings Sdn Bhd ("IWH") and Ekovest to acquire 17 parcels of freehold development land held under Title Nos. HSD 459 to HSD 475, Lot Nos. 3742 to 3758, all in the Mukim of Pulai, District of Johor Bahru, State of Johor, measuring approximately 32.49 hectares or 80.28 acres in aggregate ("Lands 1") from IWH for a total purchase consideration of approximately RM785.21 million ("Purchase Consideration 1") which will be satisfied in the following manner:
(a) approximately RM774.62 million through the issuance of 911,323,376 new irredeemable convertible preference shares in Ekovest ("ICPS") at an issue price of RM0.85 per ICPS; and
(b) approximately RM10.59 million in cash,
("SPA 1") ("Proposed Acquisition 1"); and
(ii) a conditional sale and purchase agreement with IWH to acquire 3 parcels of freehold development land held under Title Nos. GRN 90574, GRN 90575 and GM 1424, Lot Nos. 728, 729 and 4354 respectively, all in the Mukim of Pulai, District of Johor Bahru, State of Johor, measuring approximately 6.47 hectares or 15.99 acres in aggregate ("Lands 2") from IWH for a total purchase consideration of approximately RM159.41 million ("Purchase Consideration 2") which will be fully satisfied in cash ("SPA 2") ("Proposed Acquisition 2"),
(The Lands 1 and Lands 2, the Purchase Consideration 1 and Purchase Consideration 2, the SPA 1 and SPA 2, as well as the Proposed Acquisition 1 and Proposed Acquisition 2 shall hereinafter be collectively referred to as the "Lands", the "Total Purchase Consideration", the "SPAs" and the "Proposed Acquisitions" respectively).
In order to facilitate the issuance of the ICPS pursuant to the Proposed Acquisition 1, the Company also proposes to amend and/or include certain clauses in the existing Constitution of the Company ("Proposed Amendments").
Further details on the Proposals are set out in the attachment below.
This announcement is dated 5 April 2021
2021-04-05 20:47 | Report Abuse
KUALA LUMPUR (April 5): Tan Sri Vincent Tan and his son Datuk Seri Robin Tan will step down from their executive roles at Berjaya Corp Bhd (BCorp), according to sources. At present, Vincent is the executive chairman and Robin is executive deputy chairman.
haha maybe Botak LKH and son resign from ekov and iwcity the share price will shoot up
2021-04-05 19:35 | Report Abuse
Sister Iwsiti need a hardpush to 0.50 ...oledi Laggard behind others...look at Ecoworld
2021-04-05 17:49 | Report Abuse
Nice closing ..bye bye 0.50 ...next TP 0.55
2021-04-05 16:30 | Report Abuse
Pumped up to 0.515 and Dump dump to 0.490 closing price....checcckkkyyy
2021-04-05 13:52 | Report Abuse
Just cut loss and move on...my best advise ..protect yr capital and fight another day ..plenty or hungry sharks waiting
2021-04-05 13:34 | Report Abuse
Just cut loss and move on...my best advise ..protect yr capital and fight another day ..plenty or hungry sharks waiting
2021-04-05 11:54 | Report Abuse
TS LKH would like says Thanks A Million To all Ekovian loyal supporters especially those who Buy Q at 0.50...to show LKH gratitude an announcement on Mega BM project shall be out pretty soon !
2021-04-05 09:31 | Report Abuse
Iwcity cathcing up with Big Bro Ekovest fast and furious ...kikiki
2021-04-05 09:29 | Report Abuse
Trust ...in Ekovest....0.50 breached !!!!
2021-04-05 09:25 | Report Abuse
Dun be shy ...before offer ends ...lai lai ...kick lai liao
2021-04-05 09:24 | Report Abuse
Must break 0.50 to further the uptrend
2021-04-05 09:23 | Report Abuse
Investors from Sg and My supports ...come come
2021-04-05 09:07 | Report Abuse
catching up with BIG BRO Ekovest ...race to 0.500......
2021-04-05 09:03 | Report Abuse
Ahhhh kick lai Liao ....fomo is coming in
2021-04-04 07:31 | Report Abuse
Ahhhh kick lai Liao ...kick lai Liao ...next week ...fomos better take note!
2021-04-03 19:11 | Report Abuse
“In the recent cabinet meeting, the government has agreed to go ahead with the MRT3 Circle Line and MRT Corp was given three months to update the studies which include the cost of this project.” #myedgeprop
2021-04-03 18:53 | Report Abuse
“In the recent cabinet meeting, the government has agreed to go ahead with the MRT3 Circle Line and MRT Corp was given three months to update the studies which include the cost of this project.” #myedgeprop
Constuction plays started ...FOmOS....WILL BE PUSHING UP THE PRICE. ....
2021-04-03 17:24 | Report Abuse
Next week my team and I will push up 0.50 for everybody to make profits .....
2021-04-03 17:23 | Report Abuse
Dua dua pun sama2 buat malu sja...
2021-04-03 11:44 | Report Abuse
0.50 is getting nearer by. the day. looks like getting there soon ...those weak holders clearence will be over soon. be patient ekovian
2021-04-02 11:07 | Report Abuse
Iwcity LKH baby ...dun forget to top up ...going to catch up with Ekov soon ...used to tp 1.50 by LKH
2021-04-02 11:05 | Report Abuse
wayang left to right and right to left ...kikiki
2021-04-02 09:37 | Report Abuse
Sell Ekovest and top up Iwcity ...go go go
2021-04-02 09:11 | Report Abuse
Sell some Ekov at 0.50 Buy more IWCity ast 0.490 ..heng ong huAT ARRR
2021-04-01 18:54 | Report Abuse
Laggard useless...dun buy ...who buy who lose
2021-04-01 18:52 | Report Abuse
Haha make more profits from IWcity than Ekovest ...looks like LKH is getting better
2021-04-01 18:51 | Report Abuse
Botak asking for early discharge ....hahaha
2021-04-01 17:16 | Report Abuse
Well planned...never fall into their trap...no free lunch ...if it sounds too good it...is a confirm trap
2021-04-01 17:11 | Report Abuse
Waaa. Many clown here likes catching falling knives ......hoping for a rebound yet to be seen
2021-04-01 13:24 | Report Abuse
Maybe not yet...bounce back strongly from the grave today
2021-04-01 13:22 | Report Abuse
Hahaha Uems management is nothing but makan gaji buta clowns
2021-03-31 14:55 | Report Abuse
Brace brace brace ...open seat belt open seat belt !!!
2021-03-31 13:52 | Report Abuse
Still got hope .....buy on news ...
2021-03-31 13:50 | Report Abuse
Who haven’t kena face pied yet ...go a head and buy lar...what a bunch of loser clowns
2021-03-31 13:39 | Report Abuse
Sharks and buayas still lingering around ...haven't makan full yet ...
2021-03-31 13:38 | Report Abuse
Got hope still....buy buy buy
2021-03-31 12:36 | Report Abuse
2021-03-31 12:35 | Report Abuse
2021-03-31 07:50 | Report Abuse
Pray for him Botak LKH this Ching Ming burnt the whole BM project and a ferrari for him to enjoy down there!!!
2021-03-31 07:49 | Report Abuse
Botak LKH simply NO face and dignity ....oledi long time ago no news ..as if not alive anymore!!!
2021-03-30 19:15 | Report Abuse
Those bought into Greed WB don't deserve any pity at all ...blame it on only 1 sin ...greed!
2021-03-30 19:13 | Report Abuse
0.475 got Big Makan wor ...kikiki
Stock: [EKOVEST]: EKOVEST BHD
2021-04-05 20:59 | Report Abuse
0.85 LKH has given valuable Tips .....apa tunggu lagi ? Buy Buy or Bye Bye ... fomo will hold ..no 0.85 no Sell!!!