Posted by catalystor > Aug 6, 2018 09:43 PM | Report Abuse
1st,Jupiter Securities is a subsidiary of Olympia Industries Bhd. 2nd, it was sold to cimb last year.
NOT YET SELL LAH.
SEE THIS LATEST FROM OLYMPIA DATED APRIL 2018
APPROVAL FROM BANK NEGARA NOT YET GIVEN LAH
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Olympia Industries Berhad ("Olympia" or the "Company") Proposed Disposal of 76.55% equity interest in Jupiter Securities Sdn Bhd OLYMPIA INDUSTRIES BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description Olympia Industries Berhad ("Olympia" or the "Company") Proposed Disposal of 76.55% equity interest in Jupiter Securities Sdn Bhd Reference is made to the announcement dated 6 September 2017 on the Proposed Disposal ("Announcement").
Unless otherwise defined, all abbreviations used throughout this announcement shall have the same meaning as those previously defined in the Announcement.
The Company wishes to announce that the Securities Commission had on 7 April 2018 given its approval for the Proposed Disposal. The said transaction is also conditional on approval from Bank Negara Malaysia to the Purchaser and the fulfillment of the conditions precedent as contained in the SPA by the Parties.
catalystor both listed dutaland berhad and olympia industries bhd has a common controlling shareholder in Duta Yap but your statement stating that Dutaland controls Olympia Industries Bhd and hence owning 33% of "olympia securities" (should be jupiter securities" were incorrect. 06/08/2018 22:25
Yes you are correct! Thank you very much for pointing out
They are not directly owned by Dutaland but indirectly through certain directors
2.22 Affiliates The Group treats the subsidiaries of its investment in a former associate as affiliates. The former associate refers to Olympia Industries Berhad (“OIB”), a corporation in which certain directors of the Company are also directors of OIB and have interest in.
Mr Lim Pei Tiam @ Liam Ahat Kiat, Malaysian, male, aged 71, was appointed as a Non-Independent Non-Executive Director of the Company on 24 April 2014. Mr Lim holds a Diploma from the Institute of Bankers, London and has 20 years of experience in a large commercial bank in Malaysia. Mr Lim held various positions throughout his career with the bank and is a member of the Chartered Institute of Bankers, London and the Asian Institute of Chartered Bankers, Malaysia. He is not a director of any other public company but is a director of several private limited companies. He has no family relationship with any Director and/or major shareholder of the Company
Lim Kok Thay Chairman of the Board of Genting Group Tan Sri Dato Seri' Lim Kok Thay is a Malaysian Chinese billionaire businessman. He is the Board Executive and Chairman of Genting Group, a casinos, resorts and palm oil conglomerate with a market ... Wikipedia
Sandakan land revalued at 2015 350 mil just sold at 750 mil. duta grand hotel valued at 334 mil in 1996,now 22 years already no revalue yet....hehe.another 1 is Olympia prop paid 45 mil worth of 12 luxury residences with 39 car park bays to butaland
If it is so good, it should have shot up to 80sen.. Those who bought last Wednesday yesterday already checked in to the suites in Grand Duta Hotel.. Haha!
You should check in on some of those fields below.
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Posted by calvintaneng > 2018-08-06 21:39 | Report Abuse
Posted by catalystor > Aug 6, 2018 09:28 PM | Report Abuse
calvin...DUTALAND GOT OLYMPIA SECURITIES? are u sure now?
Give me a few minutes then go back to my Blog Posy and SEE