ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.
8. APPROVALS REQUIRED The Proposed Disposal is subject to the following approvals/consents being obtained: (i) shareholders of AMB at an EGM to be convened; (ii) written consent from the relevant authority (including but not limited to the Ruler in Council, Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State Consent”). The application for the State Consent will be submitted within 2 months from the date of this Announcement; (iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot 22968 (which is part of the Subject Property) subject to the Lease 2; (iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2 in favour of the Paragon’s financier; and (v) any other relevant authorities and/or parties, where applicable. The Proposed Special Dividend is not subject to approval from shareholders of AMB or any authorities
2. Mode of Settlement The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000) only shall be paid by the Purchaser in the following manner: - a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA. b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by the Purchaser in the following manner: - (i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand (RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal Consideration payable to the Purchaser’s solicitors as stakeholders; (ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand (RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as stakeholders. The Earnest Deposit and the Balance Deposit shall collectively be referred to as the “Deposit”
c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand (RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser within 3 months from the unconditional date of the SPA (i.e. the date on which the last of the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby expressly agrees that the Completion Period shall be automatically extended for 1 month from the expiry of the Completion Period (“Extended Completion Period”) provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or unpaid balance thereof, as the case may be, interest at the rate of 8% per annum (“LPI”)
Japan dumping radioactive wastes to the ocean, poisoning all marine creatures and soon the radioactive contaminated water will evaporate to the sky and form as rains to continue harming the land living beings. Japan will continue to dispose the wastes in the future if we don’t do something about it. Boycott Japan related company! Boycott! Boycott! That’s why Kamma strikes Aeon Credit, soon will hit Aji with flavoring related business! Kamma! Kamma! Kamma!
Do you notice that Aji Japan Holding company share price not affect by nuclear waste dumping..? So why we worry for the recent downtrend.. top up some @ RM 15.90 rare opportunity
The tentative timetable in relation to the Proposed Disposal is set out below: Events Tentative Date EGM for the Proposed Disposal 25 October 2023 Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024 Completion of the Proposed Disposal End March 2024
AJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY") PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")
On behalf of the Board of Directors of AMB, Inter-Pacific Securities Sdn Bhd wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 6 December 2023.
When a Sale and Purchase Agreement (SPA) becomes unconditional, it means that all the conditions and contingencies outlined in the agreement have been met or waived, and the contract is now legally binding on both parties involved. This typically occurs when all necessary approvals, inspections, financing arrangements, or any other specified conditions have been satisfied or waived, allowing the transaction to proceed to completion. Once the SPA is unconditional, both the buyer and seller are obligated to fulfill their respective obligations as outlined in the agreement.
after roller coaster for so many times, already squeeze out short-term trader almost completely. leaving behind are almost the mid to long-term holders your patience will be well rewarded..
The disposal of kuchai lama land will bring alot of profits for ajinomoto , this will mean rerating of ajinomoto share price & good special dividend coming mah!
The tentative timetable in relation to the Proposed Disposal is set out below: Events Tentative Date EGM for the Proposed Disposal 25 October 2023------->Passed Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024-------> Passed Completion of the Proposed Disposal End March 2024------>ongoing
I m a long-term investor. I hold Aji for long-term. As long as: (1) Aji continues to growth(Middle East market), then i will keep the shares. (2) If no growth, then Aji should give at least 4% dividend.
In short, If Aji can't give me above two conditions, then i will sell regardless what the share price is..
At the moment, primarily reason I hold Aji because i hope for growth from the Middle East Halal market..
Look like Completion of the Proposed Disposal End March 2024------>ongoing-----> successfully completed..? Your patient waiting will be substantially rewarded..😀😀😀
after a few days of pumping, the mgt still not let the cat out of the bag.. like this quite good because existing holders can still enjoy the runnnn.. until the day it announces..and it is the D-Day it gonna to harvest the leeks..
Japanese is the best Asean country..as compared to US Nikkie breaks all time high if you miss Nasdaq... AJI is your Japanese stock for all time high...
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Nepo
3,368 posts
Posted by Nepo > 2023-08-01 08:37 | Report Abuse
After proposed disposal NTA = RM 14.60
After proposed disposal and special dividend=RM 12.50