in other words, following the announcement...this is my take:
Nexgram Land Sdn Bhd, Nexgram Bhd subsidery, will be involved in mixed development on two parcels of land in Cyberjaya and Putrajaya. It will make a total net profits of RM293 million on both projects in the next five years when work starts in June. The entire project had been sold to MyAngkasa Bina Sdn Bhd, a wholly owned subsidiary of Angkatan Koperasi Kebangsaan Malaysia Berhad, for total value of approximately RM1.5 billion. MyAngkasa entered an agreement with Nexgram to guarantee the purchase of both the projects last December. This means Nexgram will earn net profits of RM262 million from the Cyberjaya development and another RM31 million from the Putrajaya project.
Stock: [NEXGRAM]: NEXGRAM HOLDINGS BERHAD
2015-03-07 15:07 | Report Abuse
Guys..this is what i found out...http://announcements.bursamalaysia.com/EDMS/EdmsWeb.nsf/By+Company+Frameset?OpenFrameSet&Frame=fsAnnByCompanyA01&Src=dfTop%3FOpenform%26form=ANNOUNCEMENTS_%28CURRENT%29%26viewname=LsvAnns%26category=a
in other words, following the announcement...this is my take:
Nexgram Land Sdn Bhd, Nexgram Bhd subsidery, will be involved in mixed development on two parcels of land in Cyberjaya and Putrajaya.
It will make a total net profits of RM293 million on both projects in the next five years when work starts in June.
The entire project had been sold to MyAngkasa Bina Sdn Bhd, a wholly owned subsidiary of Angkatan Koperasi Kebangsaan Malaysia Berhad, for total value of approximately RM1.5 billion.
MyAngkasa entered an agreement with Nexgram to guarantee the purchase of both the projects last December.
This means Nexgram will earn net profits of RM262 million from the Cyberjaya development and another RM31 million from the Putrajaya project.