Details of corporate proposal 40% PRIVATE PLACEMENT No. of shares issued under this corporate proposal 306,524,700 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0650 Latest issued share capital after the above corporate proposal in the following Units 1,072,836,552 Listing Date 29 Mar 2022 https://www.klsescreener.com/v2/announcements/view/3524291
============ Particulars of Substantial Securities Holder Name DATO LIU HAN MING Name of registered holder CSH NETWORK CAPITAL SDN. BHD. PLEDGED SECURITIES ACCOUNT FOR FORTRESS PARADE SDN. BHD
============== Selected lucky PP investor with immediate gain of almost 50%
Strong return over the last three months A prominent player in the electronic equipment, instruments & components industry Holds more cash than debt on its balance sheet Trading at a low Price / Book multiple
Date of change 06 Apr 2022 Name DATO LIU HAN MING Age 45 Gender Male Nationality Malaysia Designation Non Executive Director Directorate Non Independent and Non Executive Type of change Appointment Qualifications No Qualifications Major/Field of Study Institute/University Additional Information 1 Others N/A N/A
Working experience and occupation After his secondary education in year 1991, Dato' Liu Han Ming ventured into trading of consumers and food products before leaving to Singapore to pursue his career in the construction industry in Year 1994. In 2005, he returned to Malaysia to set up his own business venture, Hup Lee Plantation Sdn. Bhd., mainly involved in agriculture and plantation. Subsequently, he diversified his business into hotel management and set up Rest Inn Hotel Sdn. Bhd. in Year 2010. He further expanded into construction of properties via Twoble Development Sdn. Bhd. in Year 2018 and Classic Vantage Development Sdn. Bhd. in Year 2020. He is also a director and major shareholder of several other private companies mainly dealing in plantations and construction businesses.
In 2021, he was appointed as Non-Executive Director of Gamesparcs Co. Ltd., a company listed in the Taiwan Stock Exchange Corporation which mainly engages in the exclusive agency and distribution of mobile games, as well as the provision of game operation platforms. Directorships in public companies and listed issuers (if any) Nil Family relationship with any director and/or major shareholder of the listed issuer Nil Any conflict of interests that he/she has with the listed issuer Nil Details of any interest in the securities of the listed issuer or its subsidiaries Dato Liu Han Ming currently holds indirect interests of 28.571% in Vortex Consolidated Berhad ("Vortex") via his shareholdings in Fortress Parade Sdn. Bhd., a substantial shareholder of Vortex.
Like his experience in plantations may be very useful for the new oil palm venture? My guess is that the VC bosses converted their WC and with Liu's PP, VC bought the oil palm plantation. I think they have high chance of succeeding, so am going to hold on to my tickets and wait for few years!
Hopefully VC will move up like MSCM (now HongSeng) When many MSCM directors (some are same as VC) sold out which saw the phenomenal rise of HongSeng to its current price. Will VC now chart a similar path as MSCM (HongSeng)?
The durians were planted in 2018, and grafted durians take 4-6years to bear fruits.... soon! The announcement at Bursa has no mention of durian types....any one know?
Forgot to mention that there's 540 acres of vacant land, so meaning can plant more an potentially more return. So why not I wait longer, why rush to sell?
Lands’ Use Allocation Categories Acres Mature fields - planted in year 1997 - planted in year 2013 - planted in year 2018 Oil palm Oil palm Durian 495 205 45 Vacant 540 TOTAL 1,285
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael Kwok
6,066 posts
Posted by Michael Kwok > 2022-03-28 16:33 | Report Abuse
Formet vc buyer.buy call 8 cents.Sell call 12-14 cents starting April.Wait till early August.If got early reach sell early.