Posted by Skliew > 2016-11-25 17:42 | Report Abuse

Hi, omoghtcap, do you know that the jewel of Ho Hup is their JDA with Malton in BJC which has a GDV of 4-4.5Billions to be developed to completion till 2020/2022 and Ho Hup has a cut of 18% of the GDV as income for providing the 50 acres land?

Posted by Skliew > 2016-11-25 17:43 | Report Abuse

Sorry typo error, omightycap..:)

Posted by Flintstones > 2016-11-25 17:45 | Report Abuse

Hohup has received that cash upfront lah. You should do more homework. Btw, I am a buyer of The Park. It is indeed a jewel in Bukit Jalil.

Posted by Skliew > 2016-11-28 19:57 | Report Abuse

Flintstones, what do you mean by Ho Hup has received that cash upfront? Ho Hup is entitled to 18% of the Gross Development Value of the jv project undertaken by Malton in BJC as Ho Hup provided the 50 acres land according to their JDA. Malton had made advance to settle Ho Hup's debt of RM80millions with Insas Credit and Leasing as part of the Joint Development Agreement. The proceeds from the entitlement up to date is RM73.5Mil has been used to offset against the advance made by Malton. NO actual cash flow at the moment from the jv. However, there will be very strong cash flow in the coming Quarters as total entitlement over the project tenure would be around RM720Mil-810Mil on estimated GDV of RM4B-4.5B

Posted by Skliew > 2016-11-28 20:52 | Report Abuse

As far as Ho Hup is concerned, the JDA with Malton for the joint development of BJC is a jewel in the crown of the company. :)

Posted by smalltimer > 2016-12-06 16:42 | Report Abuse

all the glitters may not be a jewel....no dividend no movement no hope...

Posted by Skliew > 2016-12-08 10:20 | Report Abuse

Facts don't lie, rumours do ! :)