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MRCB shareholders meetings to focus on Kwasa Devt, Platinum Sentral
Wednesday, 11 February 2015
BY: TOH KAR INN








KUALA LUMPUR: Malaysian Resources Corporation Bhd’s (MRCB) two EGMs on Thursday are expected to attract strong positive interest as it seeks shareholders’ approval for two corporate deals which will provide the growth catalysts.

The EGMs, which will be held at Hotel Istana here at 9am, will see the construction-property group seek approval to subscribe for 700,000 new Kwasa Development (2) Sdn Bhd (KDSB) shares.

Most importantly, the investment of RM816mil is for a 70% equity interest in KDSB, the special purpose vehicle (SPV) undertaking Project MX-1.

Essentially, MX-1 is a mixed development of 64.07 acres of land which will be a town centre of the proposed Kwasa Damansara Township in the Rubber Research Institute of Malaysia (RRIM) in Sungai Buloh. MRCB was selected as the development partner to develop the MX-1.

Public Investment Bank Bhd has recommended minority shareholders to vote in favour of the proposed subscription, describing its as “fair” and “reasonable”, adding that it would not be detrimental to them.

Interestingly, MRCB has guaranteed that KDSB would have a minimum profit after tax of RM150mil at the end of the five years and up to RM2bil by end of year 15.

PIVB points out that MRCB is confident of achieving the guaranteed profit after tax pf RM2bil based on its successful property development property development track record.

The second EGM, its unit MRCB Central Properties Sdn. Bhd has proposed to dispose of Platinum Sentral to Maybank Trustees Bhd -- which is a trustee for Quill Capita Trust (QCT), a real estate investment trust. The total disposal consideration amounts to RM740mil.

Of the amount, RM476mil will be satisfied in cash while RM264mil will be via the proposed issuance of 206.25 million units in QCT, at an issue price of RM1.28 per unit.

Platinum Sentral constitutes a freehold land, five blocks of four to seven storey commercial buildings and two levels of car park.

This property is located in Kuala Lumpur Sentral, with a titled land area of 530,230 sq ft, and a gross built-up area of about 1mil sq ft.

MRCB, had in its circular to shareholders, said the disposal was to realign its investment assets of the group as it focuses on property development which is one of its core business.

The proposed disposal would enable MRCB to unlock value and realise its investment in Platinum Sentral. It is expected to realise a proforma gain on disposal of betrween RM219.3mil and RM223.8mil.

As part of the corporate exercise, MRCB will acquire a 41% stake in Quill Capita Management Sdn Bhd from Capitaland RECM Pte Ltd and Coast Capital Sdn Bhd for RM5.88mil.

This would see MRCB emerge as the single largest shareholder in Quill Capita Management with representation on the board of directors.

http://www.thestar.com.my/Business/Business-News/2015/01/26/Brighter-long-term-prospects-for-MRCB/?style=biz

up la...

new and extend contracts awarded from petronas

（雪蘭莪‧八打靈再也27日訊）經濟學家潘力克表示，原油價格再往下跌只屬短暫波動，也許隔日就會回升至原本價位，所以相信不會對汽油零售價造成進一步降價。
他根據目前國際原油價格波動原因預測原油價格不太可能跌破60美元，而是長期在70至80美元的範圍波動。
原油價格今日跌破每桶70美金為近年新低，百姓市民又能從中獲益多少呢？
他接受本報專訪說，參考新加坡公佈的普氏估價（Means Of Platts MOPS）方程式來計算，估計RON95及97汽油最可能的下跌幅度為10仙

oh,sleeping....

is moving......

why?

m... m.......?

today another 1ct?

up 1 ct again

yes,you are right.

http://www.theedgemalaysia.com/business-news/305482-sapurarakencana-undervalued-amid-continuing-positive-news-alliancedbs.html

（吉隆坡22日訊）達雅集團（DAYA，0091，主要板貿服）建議進行連串企業活動，包括收購2艘離岸海底建築船隻、私下配售、發行附加股和債券，及提升法定股本。

　配合上述企業活動，該公司向馬證交所報備，從下午2時半開始暫停交易。

　該公司晚間報備，將以1億4000萬美元（約4.44億令吉）收購SIEM DAYA 1船隻；同時以同樣價格收購SIEM DAYA 2，外加230萬美元（約730萬令吉）添購50公噸的起重機。

　在這9億560萬令吉收購中，有3億7366萬令吉通過企業活動融資，另外5億3194萬令吉則向金融機構貸款融資。

　另外，達雅集團將私下配售25%股權，再通過發行附加股集資2億3000萬令吉，並以每2股附加股配1憑單。該公司也會發出面值高達1億2000萬令吉債券，發售價有待確認。

　上述一系列企業活動，將會為達雅集團集得4億5763萬令吉資金，扣除收購船隻所需資金，將有7517萬令吉供應運資本用途，剩余880萬令吉則供上述建議開銷用途。

dropping every day

what do you think can break 35 ah.

really shit

gets 7b kwasa damansara projects.

hope so

WOW,closed at 4.41

hopefully today above 4.40

up

betoi

yes,buy la 0.415

not moving

moving up

is dropping