Posted by Ron90 > 1 month ago | Report Abuse

simple jrr..uncle buy into this company, sure fly 3x !! TP 3.00 😁

Posted by speakup > 1 month ago | Report Abuse

sailang!!!! let's make KYY richer!

Posted by Sslee > 1 month ago | Report Abuse

Did KYY know of the billion of RCPS which need to be redeemed or can be converted to KPP share at 5 to 1 ratio?

Acquisition of subsidiaries
The Company had, on 9 August 2019, announced the following acquisitions and transactions that were approved by the shareholders in the Extraordinary General Meeting held on 23 December 2019:-
i) Acquisition of the entire equity interest in Aeon Frontier Sdn. Bhd. (“AFSB”) for a purchase consideration of RM33,473,902 (“AFSB Acquisition”) which was satisfied via the issuance of 196,905,307 shares in the Company (“Company Shares”) at an issue price of RM0.17 per Company share;

ii) Acquisition of the entire equity interest in Kerjaya Property Sdn. Bhd. (formerly known as Kerjaya Prospek Property Sdn. Bhd.) (“KPSB”) for a purchase consideration of RM367,590,902 (“KPSB Acquisition”) of which RM100,000,000 was satisfied via cash and RM267,590,902 which was
satisfied via the issuance of 1,574,064,127 redeemable convertible preference shares in the Company (“Company RCPS”) at an issue price of RM0.17 per Company RCPS;

iii) Acquisition of the entire equity interest inKerjaya Hotel Sdn.Bhd. (“KHSB”) for a purchase consideration of RM270,978,389 (“KHSB Acquisition”) which was satisfied via the issuance of 1,593,990,524
Company RCPS at an issue price of RM0.17 per Company RCPS;
(Collectively, i), ii) and iii) above are referred to as the“Acquisitions”)

Posted by qqq47660 > 1 month ago | Report Abuse

Easier to get rich for owners by injection of assets than by paying off dividends

Posted by qqq47660 > 1 month ago | Report Abuse

Easier to get rich for owners by injection of assets than by paying off dividends



Same for kpp as for insas....

Posted by Ron90 > 1 month ago | Report Abuse

you keep talking about 1.5 billion RCPS again ... 😅

Posted by Ron90 > 1 month ago | Report Abuse

more than half already converted la, why u never mention?

Posted by Sslee > 1 month ago | Report Abuse

Is 700,000,000 out of 2,618,054,651 is considered as more than half already converted?

AS AT 30 june 2023
Issued Shares : 400,142,339 Ordinary Shares (“OS”) and 2,618,054,651 Redeemable Convertible Preference Shares (“RCPS”)
Class of Shares : OS (Listed Securities)
RCPS (Non-listed Securities)
Treasury shares : 32,500,800 treasury shares held by the Company
Voting Rights for OS : One vote per shareholder on a show of hands or one vote per OS on a poll
Voting Rights for RCPS : One vote per shareholder on a show of hands or one vote per RCPS on a poll at such class meeting of the RCPS. The RCPS holder has no right to vote at any general meeting of the ordinary shareholders except with regards to any proposal to reduce the capital of the Company, to dispose of the whole of the Company’s property, business and/or undertakings,to wind-up the Company and any time during the winding-up of the Company


Sslee Stock [KPPROP]: KERJAYA PROSPEK PROPERTY BERHAD
Announcement Date 22-Jan-2024
Reference No ALA-19012024-00014
Listing Date 23-Jan-2024
New type/class? No
Type Conversion of Preference Shares
Details Conversion of 700,000,000 Redeemable Convertible Preference Shares into 140,000,000 Ordinary Shares of the Company
No. of shares issued 140,000,000
Issue Price Malaysian Ringgit (MYR) 0.850
Par Value 0.000
Total NOSH 540,142,339

Posted by DickyMe > 1 month ago | Report Abuse

5 to 1 conversion ratio not calculated?