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2019-11-29 11:47 | Report Abuse
another wild boar shoot outing lol
2019-11-29 11:45 | Report Abuse
9thJan2020 delivery of judgement??
2019-11-29 11:41 | Report Abuse
PETALING JAYA: Berjaya Corp Bhd (BCorp) has clarified that the US$200 million (RM817.4 million) invested on the property and resort development project in Jeju, South Korea, does not represent a loss suffered by the company.
“We had stated that Berjaya has invested in excess of US$200 million on our property and resort development project in Jeju, South Korea. Certain quarters have construed this statement to mean that the group has suffered a loss of US$200 million on this project. This is totally misconceived and misunderstood,” it said in a statement today.
According to BCorp, the sum in excess of US$200 million invested by the group on the Jeju project comprises cost of acquisition of the project land, infrastructure and construction costs, professional fees and statutory contributions plus finance costs and other incidental expenditure.
“This amount invested does not represent a loss suffered by the company,” it added.
The Jeju project was undertaken by Berjaya Jeju Resort Ltd (BJR), a subsidiary of Berjaya Land Bhd which is a listed subsidiary of BCorp. BJR was the master developer of the Jeju project.
BJR has commenced a lawsuit against Jeju Free International City Development Centre (JDC), a wholly owned institution under the Ministry of Land, Infrastructure and Transport of the Korean Government to claim compensation to recover its investment in the amount of about US$350 million in respect of, inter alia, costs incurred, increase in land value of the project land and other reliefs.
“The lawsuit against JDC arises from the sale of the project land by JDC to BJR which was subsequently terminated after the Korean Supreme Court ruled that the expropriation process in respect of certain parcels within the project land was invalid and hence such land parcels had to be returned to the previous landowners,” the group said.
It said that the JDC had contracted to transfer the project land to BJR with clean title, which resulted in BJR having to abort the project and subsequently instituted the lawsuit to claim compensation against JDC.
The lawsuit against JDC is ongoing and the group’s Korean lawyers have opined that BJR has a good chance of success in its lawsuit against JDC. The group is confident that it will prevail in its lawsuit against JDC and succeed in recovering the claimed compensation of US$350 million.
the SunDaily 14th March 2019
2019-11-28 16:07 | Report Abuse
nice 0.71. naysayers only knows nay lol
2019-11-28 09:44 | Report Abuse
qtr profit 15.77m increase of 1700% lol
2019-11-14 06:48 | Report Abuse
TP 0.25 that is better than div.
2019-11-04 09:53 | Report Abuse
pmcorp net loss can declare div 0.005sen, muiprop 17m profit can declare div or not? lol
2019-10-17 11:33 | Report Abuse
muiprop at 19sens should not be np as mui is at 20sens
2019-07-29 09:28 | Report Abuse
palm oil prices up trending
2019-07-15 14:55 | Report Abuse
TSVT was in Setia Alam,, anyone has any news?
2019-06-17 15:37 | Report Abuse
smart traders trade both ways, either way they make money all the way up
2019-06-17 15:18 | Report Abuse
KUALA LUMPUR (June 15): DutaLand Bhd’s long-stalled hotel project at the junction of Jalan Ampang and Jalan Sultan Ismail may be resurrected, The Edge Malaysia reported in its latest issue.
The weekly wrote that Duta Grand Hotels Sdn Bhd (a 78.39% subsidiary of DutaLand) made a fresh application to Dewan Bandaraya Kuala Lumpur (DBKL) in April this year to re-start the project.
The latest submission to DBKL will involve a building of 64 storeys with a 325-room luxury hotel occupying 13 floors, 29 floors of serviced apartments and 15 floors of office space. The original plan called for only a 52-storey building.
An abandoned project expert who spoke to the weekly said that “if the developer does not change the design, it may only need to check on the structural integrity”.
He also added that if “there is a change in design, they may need to demolish [the existing structure]”.
Construction of the existing structure is reported to have stopped on the 29th floor.
A valuer also told the business publication that the “estimated the value of the land in the area at around RM2,800 psf, which works out to RM343.84 million for the 122,000 sq ft freehold parcel”.
DutaLand’s annual report stated that the net book value of the land is RM335.11 million.
Meanwhile, Federal Territories Minister Khalid Abdul Samad said “that as a matter of policy, DBKL would want all abandoned projects to be revived if possible”.
“They are interested in reviving the [hotel] project and we are encouraging them to do so,” Khalid told the weekly.
The minister had earlier also said that another two “significant abandoned projects” in Kuala Lumpur are being resurrected.
Work on the abandoned Plaza Rakyat in Jalan Pudu begin soon while the Quill Group of Companies had started construction of Quill City Residences.
The Plaza Rakyat was a victim of the Asian financial crisis of 1997 while work on Quill City Residences was “deferred” in 2007.
2019-06-17 15:16 | Report Abuse
DutaLand’s Golden Triangle hotel project may be resurrected
2019-05-10 12:26 | Report Abuse
23million shares aquired through open market by GCM. lol
2019-05-09 09:17 | Report Abuse
sure. all guns ready for tiger shoot II lol
2019-05-07 10:32 | Report Abuse
get out your guns guys. get ready to shoot the tiger
2019-05-03 09:56 | Report Abuse
think tiger soup at 3.5sens more likely lol
2019-04-29 09:19 | Report Abuse
newbies stay away. Margin call for command now. Let them sweat lol
2019-04-23 15:52 | Report Abuse
SINGAPORE (April 22): Palm oil may retest a resistance at RM2,227, as it has stabilised around a support at RM2,191 per tonne.
The support and the resistance are identified as the 50% and the 61.8% retracements of the downtrend from RM2,344 to RM2,038.
The contract is due for a sharp move, as two trendlines are contracting to a point. Most likely, it could rise strongly, as it seems to be riding on a wave C from RM2,038, which is the third wave of a three-wave cycle from the Nov 27, 2018 low of RM1,940.
On the daily chart, palm oil is poised to retest a resistance at RM2,246, the 86.4% projection level of a downtrend from RM2,896. A break could lead to a gain to RM2,321.
(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
Stock: [MUIPROP]: MUI PROPERTIES BHD
2019-12-12 09:49 | Report Abuse
reload lol