Let the results to tell.. This is definitely a long run counter. Those unfavourable news / dragging factors had been digested over the past 2 years. They are only left with project execution risk for projects. Other than that, not so much worries arise at the current moment.

This corporate exercise is an interesting case. Since L&G is a listed property player, let's do a comparison of how property counters' major shareholders taking care of their listed flagship company.

Just about 2 days ago, headlines of major biz section are taking about a quite China look businessman, Tan Sri Lim Kang Hoo. To keep it short, these news were saying how Lim is going to inject his Iskandar Water Front's assets and Bandar Malaysia's lands into IWC with share swap arrangement, whereby not even a single cents needed to be forked out by the minority shareholder. What a great deal for all.

Back to L&G's case. Well... let's scrutiny why David Chiu (Mayland's controlling shareholder) does not inject his private owned assets instead, yet opting to raise cash from existing shareholders to buy over its properties. L&G may probably need to explain further on such deal which other shareholders may wish to understand better.