Mui prop with its strong cash position, able to declare cash dividend like its glorious days or distribute its treasury shares as share dividend.. maybe, they wanted to sapu more cheap shares from the open markets from the ikan bilis first :p
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2019 30.06.2019 30.6.2018 01.07.2017 RM'000 RM'000 RM'000 (Restated) (Restated) ASSETS Non-Current Assets Property, plant and equipment 8,175 8,556 9,054 Investment properties 30,312 31,163 31,190 Inventories/Land held for property development 35,263 35,263 35,263 Investments 78,883 67,303 74,485 Deferred tax assets 1,127 776 961 153,760 143,061 150,953 Current Assets - - Property development costs 116,076 106,315 94,698 Contract costs 541 - - Inventories 14,877 11,031 11,585 Investments 54 45 50 Trade and other receivables 23,189 18,940 15,531 Tax recoverable 143 534 1,600 Deposits, bank balances and cash 68,997 75,383 81,855 223,877 212,248 205,319 TOTAL ASSETS 377,637 355,309 356,272 EQUITY AND LIABILITIES Equity Attributable To Equity Holders Of The Company Share capital 162,468 162,468 162,468 Treasury shares, at cost (6,301) (6,301) (6,301) Reserves 115,537 95,674 102,583 271,704 251,841 258,750 Non-Controlling Interests 84,239 78,636 74,925 Total Equity 355,943 330,477 333,675 Non-Current Liabilities Employee benefits 65 60 14 Current Liabilities Borrowings - - 701 Trade and other payables 21,610 24,753 21,859 Provision for taxation 19 19 23 21,629 24,772 22,583 Total Liabilities 21,694 24,832 22,597 TOTAL EQUITY AND LIABILITIES 377,637 355,309 356,272 RM RM RM Net assets per share attributable to equity holders of the Company 0.37 0.34 0.35 MUI PROPERTIES BERHAD Company No : 6113-W (Incorporated in Malaysia) The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Annual Financial Report for the financial year ended 30 June 2018 and the accompanying explanatory notes attached to the interim financial statements.
Title ECRL PASSING SEREMBAN: WHY MUI PROPERTY (3913) WILL GO UP BY 100% TO 200%, Calvin Tan Research Muiprop, Muiind - Negeri sembilan ECRL, potential 100% gain
Malaysia population is aging fast, negeri sembilan is a good option for retirement, lower cost of living, less traffic congestion, nearer to kl, infrastructure is good, etc. So, muiprop project in NS is promising
Andrew is not an ordinary rich kid. Smart and hardworking too.. look at his qualifications haha
MUI PROPERTIES BERHAD
Date of change 26 Apr 2019 Name MR ANDREW KHOO BOO YEOW Age 46 Gender Male Nationality Australia Type of change Redesignation Previous Position Chief Executive Officer New Position Executive Chairman Directorate Executive Qualifications No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Barrister-At-Law Lincolns Inn, United Kingdom. 2 Masters Master of Business Administration Seattle Pacific University, United States of America. 3 Masters Master of Arts Cambridge University, United Kingdom. 4 Degree Bachelor of Arts, Major in Political Science University of Victoria, Canada. 5 Degree Degree in Law Cambridge University, United Kingdom. 6 Diploma AHMA Hotel Diploma, Major in Sales & Marketing London Hotel School, United Kingdom
Nilai second stop on ECRL route in Negri Sembilan NATION Thursday, 19 Sep 2019 By Sarban SingH
SEREMBAN: Several tunnels will be built along the East Coast Rail Link (ECRL) route running through Negri Sembilan with the project scheduled to start in the third quarter of next year, said Mentri Besar Datuk Seri Aminuddin Harun.
Nilai is also confirmed as the second ECRL stop in the state, he said.
“The state exco was briefed on this by officials from the Malaysia Rail Link Sdn Bhd. We were also told that the station, which will provide both passenger and freight services will be located near Nilai 3, ” he told reporters after chairing the state exco meeting at Wisma Negri yesterday.
Asked how many tunnels would be built along the route in the state, Aminuddin said there would be both short and long ones but he could not state the exact number.
The only other ECRL stop in the state would be built near Kuala Klawang in Jelebu.
During the state assembly sitting on Aug 27, Aminuddin said Nilai was still being considered as one of the stops for the route.
The proposal was raised during a meeting between the state government and Malaysia Rail Link Sdn Bhd (MRL) on Aug 8.
Aminuddin said the Nilai station would also be turned into a transportation hub.
Asked who owned the land where the proposed ECRL station in Nilai would be built, Aminuddin replied: “The government owns some of it and there are also individual and private owners.”
On a separate matter, Aminuddin said the Stadium Tunku Abdul Rahman (Star) in Paroi near here has been certified safe by the Public Works Department and the Fire and Rescue Department.
He was asked to respond to a statement by the Fire and Rescue Department’s fire safety division building safety certification section chief Zamri Che Din who claimed that 13 stadiums in the country have not been issued a code compliance certificate.
Zamri was quoted as saying that these facilities were over 20 years old and failed to comply with safety features including wiring, security exits and early fire prevention.
SEREMBAN (Sept 20): The first project of the Malaysia Vision Valley 2.0 (MVV 2.0) will focus on the development of high technology industries in Parcel A, Nilai, covering an area of 1,149.39 hectares (2,838 acres) in 2020.
Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun said based on the MVV 2.0’s early planning, the project was meant to start with a housing development in Parcel B, but this has now been changed in favour of the industrial development.
"By preparing Parcel A earlier for the industrial development, it will ensure job opportunities for the people in the State and the surrounding areas. After that, we will move on to the housing project. It will also enable the community working there to purchase the houses...that is our hope.
"This move was also taken as we found many housing developers had already undertaken projects in the area and this is good for the development of the State,” he added.
He told reporters this after the closing of the MVV 2.0 Workshop and Focus Group Discussion involving technical agencies here today.
He hoped that when the MVV 2.0 is structured and replanned, it will be realised quickly based on the State Government’s desire to attain a level of prosperity in particular for the people of Negeri Sembilan and in general for the country.
In the regard , Aminuddin said he fully supported the industrial project to be implemented quickly and understood that there had been commitments for investments in the area, with MVV Holdings itself having a target for the project at Parcel A to begin in mid-2020.
He said after the workshop, the Master Layout Plan being finalised, will be tabled before the MVV Coordination, Implementation and Direction Committee chaired by him.
"Then, the MVV implementation team, namely Sime Darby Property, will forward the request for planning permission to the Nilai Municipal Council (MPN) for approval.
"It is my hope that what was discussed and the views put forth at this workshop will be translated into the process for the request for planning permission to the MPN.
“As such, the technical agencies have to be consistent in giving their comments to ensure the whole process runs smoothly. I also hope the process towards implementation of this MVV 2.0 will be a benchmark for development in Negeri Sembilan," Aminuddin added.
He said the MVV 2.0 is part of the national agenda and it should be stressed that the whole of Malaysia is watching the development, on the basis that it could the key catalyst for the development of Negeri Sembilan, and the country in general.
SEREMBAN: Lokasi stesen bagi projek Laluan Rel Pantai Timur (ECRL) di Negeri Sembilan membabitkan kawasan Nilai, bakal dibina berhampiran Nilai 3.
Menteri Besar, YAB Dato' Seri Haji Aminuddin Harun berkata, perkara itu dimaklumkan oleh Malaysia Rail Link Sdn Bhd (MRL) menerusi taklimat kepada Kerajaan Negeri Sembilan.
"Mereka pada dasarnya dah buat satu jajaran, daripada sempadan kita (Negeri Sembilan) di Pahang iaitu Mentakab ke Kuala Klawang dan seterusnya ke Nilai. Ini satu berita baik untuk kita.
"Mereka akan mendirikan sebuah stesen lagi di Nilai, di samping pembinaan (stesen) di Kuala Klawang. Nilai berhampiran (kawasan) Nilai 3, insya-Allah.
"Kalau di Nilai, kita (Negeri Sembilan) akan ada stesen untuk kargo dan penumpang. Mereka ada (kemukakan) permohonan untuk buat (perkhidmatan) kargo juga.
"Dari situ (Nilai), akan sambung ke Putrajaya. Seterusnya dari Putrajaya sambung ke Pelabuhan Klang," katanya.
Sehubungan itu kata Aminuddin, pihak Kerajaan Negeri akan membantu MRL untuk kerja tanah dan kerja yang melibatkan pembangunan ECRL di kawasan tersebut.
"Ada tanah rizab; tanah kerajaan; tanah swasta dan tanah individu. (Durasi) pembinaan ini dalam tempoh tujuh tahun dan ECRL boleh digunakan pada 1 Januari 2027.
"Kerja-kerja (pembinaan) di Negeri Sembilan akan bermula pada suku ketiga tahun 2020. Ini juga akan melibatkan pembinaan terowong yang panjang di sepanjang (jajaran) Kuala Klawang ke Nilai," katanya.
Beliau berkata demikian pada sidang media selepas mempengerusikan Mesyuarat Exco Kerajaan Negeri Sembilan di Wisma Negeri, di sini, kelmarin.
Turut hadir adalah Setiausaha Kerajaan Negeri Sembilan, YB Dato' Dr Razali Ab Malik serta beberapa Exco Kerajaan Negeri Sembilan iaitu YB Tuan Teo Kok Seong; YB Tuan J Arul Kumar; YB Puan Nicole Tan Lee Koon dan YB Tuan S Veerapan.
seem very cheap now based on the off-market transacted price recently, correct?
MUI Properties Bhd saw 39.46 million shares or a 5.3% stake change hands in five direct deals for RM10.26 million in total on June 14. The transacted price of 26 sen was at a premium to the 22.5 sen to 23.5 sen apiece the stock fetched on the open market that day. The parties involved in the deals were unknown at the time of writing.
Tan Sri Khoo Kay Peng — who in April passed the executive chairman’s post he had held since 1979 to his son and former CEO Andrew Khoo Boo Yeow — controls 74.3% of the company through Malayan United Industries Bhd and other private vehicles.
Closing at 22 sen last Wednesday, MUI Properties’ share price was down 0.5 sen or 2.2% year to date.
KUALA LUMPUR (Sept 23): Independent adviser Mercury Securities Sdn Bhd has recommended today that Lien Hoe Corp Bhd shareholders reject Christine Holding Sdn Bhd's proposal to buy the remaining shares in Lien Hoe at 25.5 sen each because the takeover offer is "not fair" and "not reasonable".
Mercury Securities said in a circular to Lien Hoe shareholders that the offer is not fair because the offer price of 25.5 sen is lower than the estimated value and historical market price of Lien Hoe shares.
The independent adviser derived an estimated value of RM1.50 each for Lien Hoe shares.
Mercury Securities said, "The offer is not reasonable as the Lien Hoe shares will remain tradable on the Main Market of Bursa Securities and hence, the holders will still have the opportunity to realise their investment in the Lien Hoe shares at the prevailing market prices on the open market after the closing date."
Lien Hoe had initially announced the takeover offer on Aug 21 this year.
On that day, the property developer said it received the notice of conditional mandatory takeover offer from Christine Holding, which already owned an approximately 46.1% stake in Lien Hoe.
At 12:30pm today, Lien Hoe's share price rose 0.5 sen or 2% to settle at 25.5 sen. The stock saw 482,100 shares exchanging hands.
Moving towards 26sen, the transacted price for off market deal :)
MUI Properties Bhd saw 39.46 million shares or a 5.3% stake change hands in five direct deals for RM10.26 million in total on June 14. The transacted price of 26 sen was at a premium to the 22.5 sen to 23.5 sen apiece the stock fetched on the open market that day. The parties involved in the deals were unknown at the time of writing.
Tan Sri Khoo Kay Peng — who in April passed the executive chairman’s post he had held since 1979 to his son and former CEO Andrew Khoo Boo Yeow — controls 74.3% of the company through Malayan United Industries Bhd and other private vehicles.
Closing at 22 sen last Wednesday, MUI Properties’ share price was down 0.5 sen or 2.2% year to date.
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....
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Posted by 129055444514385 > 2019-09-12 09:55 | Report Abuse
Mui prop has HK connection, good for it to market properties, etc in HK and mainland China from HK