Posted by xbodoh > 2015-05-15 17:38 | Report Abuse

these two bodies know very well, they have teams of professionals to study.unless...mmmmm .... u know i know...

Posted by xbodoh > 2015-05-15 17:43 | Report Abuse

some one should find a way to let the tabung haji and yayasan boards of directors aware these
..http://klse.i3investor.com/servlets/stk/5018.jsp, and knows what actually going on, they are too busy and no one make them aware about all these comments...

Posted by lks_5291 > 2015-05-27 19:32 | Report Abuse

Despite the poor macroeconomic conditions, someone sapu all at 3pm and closed at RM 2.36. As expected, the Quarter result was released thereafter and it is a good one (maturity of investments). Then, you shall find this statement in the Quarter report:
"... the Proposed SCR is expected to be completed in the 4th quarter of calendar year 2015."
Omg, KKT really wants to exploit the weak minded and makes those strong minded waiting like beggars...

Posted by tkg8 > 2015-07-27 09:51 | Report Abuse

Finally...

Posted by chlim75 > 2015-07-27 10:44 | Report Abuse

What hapen?

Posted by lks_5291 > 2015-07-27 11:55 | Report Abuse

Must be KTT and his enemy (us) are fighting to collect share. I don't think KTT will offer higher than his stated offer price RM2.50/share if there is no one to challenge him...

Posted by enid888 > 2015-07-27 11:58 | Report Abuse

Just a reminder to the shareholders,

The actual value of this counter is more than RM7.57/share. Do not accpt the offer from KTT.

Let us look at one of the Hunza properties - Gurney Paragon
We use its next door shopping mall Gurney Plaza as a benchmark.

From CapitalMalls Malaysia Trust 2014 Annual Report.

Gurney Plaza (CapitalMalls Malaysia Trust)
Net Lettable Area : 887,764 sq. ft., Independent valuation : RM1,295mil.
Value/ sq. ft. = RM1,458.72

Gurney Paragon (Hunza)
Net Lettable Area : 720,000 sq. ft.
Value = 720,000xRM1,458.72 = RM1,050.28mil
Hunza Tower
Net Lettable Area : 100,000 sq. ft.
Value = 100,000xRM1,000.00 = RM 100mil
Total Value of Gurney Paragon = RM1,150,28mil
Total no. of Hunza Shares in Market 225,085,440 shares
(From Khor Teng Tong Holdings Sdn. Bhd. Offer Letter)
Value/share = RM5.11/share

Bayan Baru Development Land measuring 42.3acres.
The current value/sq.ft. of the land is RM 300.00/sq. ft.
This piece of land worth RM552.78mil
Value/Share = RM2.46/share

Shareholders, just these 2 prime properties,
Hunza already worth RM7.57/share. The offer price of RM2.50 is totally unfair.

There are other valuable assets
400 acres in Bandar Putra Bertam, Seberang Perai
9.8 acres in Alila 2, Tanjung Bungah
6 acres near to Mont Kiara (KL)
36.9 acres near Auto City, Juru, Seberang Perai
500 acres in Sungai Petani (Kedah)

Posted by KCGOH1234 > 2015-07-27 13:02 | Report Abuse

Insider - KTT has instructed IB to increase offer price to RM 2.85 .. Announce soon. Stay tune.

Posted by enid888 > 2015-07-28 11:50 | Report Abuse

Even the offer price is revised to RM2.85, it is still a big advantage to KTT. Paying RM2.85 for things worth more than RM7.57. They don't want to share the harvest with the shareholders that have put in the capital in the company.

Posted by RosmahMansur > 2015-08-04 14:59 | Report Abuse

Why suddenly up today?

Posted by tobuy2006 > 2015-08-04 21:48 | Report Abuse

2.90 new offer

Posted by RosmahMansur > 2015-08-04 22:35 | Report Abuse

wow....huat ahhh!

Posted by Wikiileaks > 2015-08-04 22:48 | Report Abuse

Idito buy

Posted by tobuy2006 > 2015-08-04 23:14 | Report Abuse

Still below expectation

Posted by enid888 > 2015-08-05 21:57 | Report Abuse

The RNAV of Hunza

Assets of Hunza
Gurney Paragon (Hunza) - Value/share = RM5.11/share
Bayan Baru Development Land measuring 42.3acres - Value/Share = RM2.46/share
400 acres in Bandar Putra Bertam, Seberang Perai
9.8 acres in Alila 2, Tanjung Bungah
6 acres near to Mont Kiara (KL)
36.9 acres near Auto City, Juru, Seberang Perai
500 acres in Sungai Petani (Kedah)
Treasury Shares of 10% of Hunza shares

Add : Other assets
Less : All Liabilties

The RNAV of Hunza is RM9.50/share

Shareholders, the offer price of RM2.90 per share is only 30% of the actual value. Reject the offer.

We hope that Lembaga Tabung Haji n Yayasan Bumiputra will act on the interest of their contributors and act like it is their own money.

Posted by Sharenoob > 2015-08-06 17:53 | Report Abuse

We refer to the Company’s announcement dated 4 August 2015 in relation to the receipt of a letter from KTTHSB to revise the Offer Price for the Proposed SCR to RM2.90 for each existing Hunza Share (“Revised Offer Price”) held by the Entitled Shareholders (“Revised SCR Offer Letter”).

On behalf of the Board of Directors of Hunza (“Board”), we, CIMB Investment Bank Berhad as Principal Adviser and OCBC Advisers (Malaysia) Sdn Bhd as Financial Adviser, wish to announce that the Board, save for the interested Directors, has deliberated on the contents of the Revised SCR Offer Letter and has resolved to table the Proposed SCR to the shareholders of Hunza for their consideration.

The Board notes that save for the Revised Offer Price, all other terms and conditions to the Proposed SCR remains the same.



This announcement is dated 6 August 2015

Posted by cm > 2015-08-07 09:18 | Report Abuse

now is the good time to offer takeover...a lot ppl will accept...they need money

Posted by enid888 > 2015-08-16 13:46 | Report Abuse

The offer price of KTT is very unreasonable. Does anybody know abt the actions of Lembaga Tabung Haji n Yayasan Bumiputra? I think the minority shareholders should not consider anything below RM6.00.

Posted by immas > 2015-08-17 11:05 | Report Abuse

i have more than 1000lots hunza, i will reject the KTT offer, i appreciate all the investor here, reject their offer too. thanks.

Posted by Sharenoob > 2015-08-21 21:47 | Report Abuse

LTH have been accumulating share at 2.70-2.72 based on latest announcement. Not sure how is the progress.. the share price have not been moving for days. No sound no picture from KTT and Hunzpty management after the announcement.. No EGM announced as well......

Posted by enid888 > 2015-08-24 17:55 | Report Abuse

LTH has been buying for few days already. Do not know what is their plan?

Posted by RVI123 > 2015-09-21 12:30 | Report Abuse

Anyone has idea when Hunza boss is going to start the privatisation?

Posted by enid888 > 2015-09-22 22:54 | Report Abuse

No idea. With LTH and Yayasan Bumiputra's reactions unclear, KTT has not started the privatisation process. He definitely want to take it private as just Gurney Paragon already worth RM5.11/share.

Posted by RVI123 > 2015-10-04 22:44 | Report Abuse

Anyone hv any news on Hunza?

Posted by gforce2 > 2015-10-22 18:13 | Report Abuse

http://www.theedgeproperty.com.my/my/content/hunza-properties-buys-land-penang-affordable-housing

KUALA LUMPUR (Oct 20): Hunza Properties Bhd is acquiring a 3.924ha piece of freehold land in Bayan Baru, Penang for RM57.02 million cash, on which it intends to build affordable homes.

Posted by wan7075 > 2015-11-16 16:30 | Report Abuse

may i know if i have the share, i just can go to EGM on 18 nov? do i need any registration before 18 nov?

Posted by hoplanner > 2015-11-17 19:19 | Report Abuse

Wan7075, pls do us a favour. Share with us the outcome to tmrw's EGM as soon as possible. Kamsiah!

Posted by gforce2 > 2015-11-18 18:53 | Report Abuse

http://www.theedgemarkets.com/my/article/hunzas-shareholders-give-nod-privatisation-offer

GEORGE TOWN (Nov 18): Hunza Properties Bhd's shareholders have approved the group's proposed selective capital reduction (SCR) and repayment exercise.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/4923657

Only 11 shareholders who attended the EGM voted against it.

Posted by hoplanner > 2015-11-18 20:50 | Report Abuse

Sad lah. The Khors giggling all the way to the bank. MSWG didn't attend?

Posted by khun88 > 2015-11-18 22:24 | Report Abuse

yea sad, swallow by the khors.
Couldn't believe only 11 vote againts.

Posted by wan7075 > 2015-11-19 09:35 | Report Abuse

sorry for late reply.. attended the EGM yesterday. so shocked when saw a lot of people there.
just 2 shareholders asked when they can get their money. result announced by 1.30pm.

Posted by ccc5197 > 2015-12-23 09:16 | Report Abuse

Anyone hv any news on Hunza?

Posted by RVI123 > 2016-01-04 09:18 | Report Abuse

Lembaga Tabung Haji is selling its holdings in the market. Funny! Why doesn't it wait for another 1 to 2 months for the takeover to be executed. The price difference is about 2.7% if it waits for the takeover to be executed.

Posted by erictan6009 > 2016-01-08 15:08 | Report Abuse

anyone know the status of the privatization ? when will it be completed?

Posted by RVI123 > 2016-01-26 09:32 | Report Abuse

When is the dateline for the SCR execution? Is it 6 months from the approval date in EGM?

Posted by gforce2 > 2016-01-29 00:28 | Report Abuse

The original plan was for the SCR to be completed in 1Q2016. By the sudden push on Thursday (+6 sen), one can speculate that shareholders might be in for an early CNY ang pow! :D

Posted by RVI123 > 2016-02-01 15:37 | Report Abuse

KTT n related parties will be the final winners of the SCR. All the valuable properties like Gurney Paragon Mall and the projects like Alila 2, Bayan Baru land, Juru land and Bandar Putra Bertam will be solely owned by them after the SCR. All the groundwork like the residents' protests and illegal quarter problems have been cleared. The low cost flats for the Bayan Baru illegal quarters are also almost completed. It is very sad that the minority shareholders are forced to sell their holdings about 30% of the actual values of Hunza.

Posted by ccc5197 > 2016-02-02 13:01 | Report Abuse

when will be the privatization?is it at 2.90?

Posted by erictan6009 > 2016-02-02 13:15 | Report Abuse

this is normal way most the rich ppl use...once finish used up ur money, they will delisted the company and they become more richer...

Posted by ccc5197 > 2016-02-17 15:43 | Report Abuse

when will be the privatization?is it at 2.90?

Posted by erictan6009 > 2016-02-18 15:47 | Report Abuse

anyone know when the privatization will start?

Posted by RVI123 > 2016-02-18 21:37 | Report Abuse

It was said that the process will start in March as per the prospectus. Until now, no news. KTT n the gang are still trying to collect from those who can't wait at RM2.85. Everyday, a few hundred lots of buy order are waiting at RM2.85.

Posted by potatotrader > 2016-02-19 18:00 | Report Abuse

ya...plan to collect too..since this is a sure price of Rm.2.90

Posted by ccc5197 > 2016-03-07 15:05 | Report Abuse

ald mac still no new?

Posted by gforce2 > 2016-03-07 21:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5021753

EX-date 17 Mar 2016
Entitlement date 21 Mar 2016
Payment date 30 Mar 2016

Under the SCR, the ordinary shareholders of Hunza, other than Khor Teng Tong Holdings Sdn Bhd (KTTH) and the persons acting in concert with KTTH in accordance with Section 216 of the Capital Markets and Services Act 2007 (Entitled Shareholders), whose names appear on the Record of Depositors of Hunza on the Entitlement Date shall be entitled to receive a cash amount of RM2.90 for each existing ordinary shares of RM1.00 each in Hunza (Hunza Share) held on the Entitlement Date.

The settlement of the capital repayment will be effected via electronic remittance to the bank accounts registered with Bursa Malaysia Depository Sdn Bhd (Bursa Depository) by the Entitled Shareholders for purposes of receiving their respective electronic cash dividend payment (eDividend Accounts) within 10 days from the Entitlement Date. For the Entitled Shareholders who do not maintain eDividend Accounts, the settlement of the capital repayment will be effected via remittance in the form of cheques, bankers drafts and/or cashiers orders which will be despatched by ordinary mail to the Entitled Shareholders (or their designated agents, as they may direct) at the Entitled Shareholders registered address last maintained with Bursa Depository at their own risk within 10 days from the Entitlement Date.

The trading of Hunza Shares on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) will be suspended with effect from 9:00 a.m. on Tuesday, 15 March 2016, being three (3) clear market days prior to the Entitlement Date. Accordingly, the last day for trading of Hunza Shares on the Main Market of Bursa Securities prior to the suspension will be at 5:00 p.m. on Monday, 14 March 2016.

The Hunza Shares will no longer be traded on the Main Market of Bursa Securities following its suspension on Tuesday, 15 March 2016. For the avoidance of doubt, the trading of Hunza Shares will continue to be suspended until the delisting of Hunza from the Official List of Bursa Securities following the completion of the SCR.

The notice to shareholders in relation to the suspension of trading of Hunza Shares and the Entitlement Date for the SCR will be despatched to Hunza's shareholders on 7 March 2016.

Any enquiries concerning this notice of book closure date should be addressed to the share registrar of Hunza at the abovementioned contact details.

This announcement is dated 4 March 2016.

Posted by hoplanner > 2016-03-30 20:59 | Report Abuse

Felt utterly sad & helpless, after receiving the money under SCR. Hunza is worth than 2.90! Yet it was approved of the SCR at the EGM. There is a major loophole in determining the actual & reasonable SCR price. What is the role than of the Minority Watchdog role in this case? The KTTH knew jolly well that 2.90 is dirt cheap & yet unscrupulously revised a tad higher at 2.90. It is absolutely sinful to "rob" from the ordinary, ignorant, powerless guy like me & many others.

Posted by pillay15 > 2016-03-30 21:38 | Report Abuse

Whether it is Bursa, SC or MSWG, all f them are just hopeless. Minority shareholders are always taken for a ride. But this is not the first case. It has happened before and with this, more companies will begin to consider similar options. We retail investors are just exploited to the maximum. On top of this Hunza is using the term selective capital reduction (SCR). How did they use this term when they have decided to delist after the whole process?. Then what is privatisation then? We retail investors are finished.

Posted by batra > 2017-04-12 19:08 | Report Abuse

Really bad company...m

Posted by Wow123 > 2017-04-14 10:01 | Report Abuse

boss kena tangkap by MACC

Posted by Wow123 > 2017-04-14 10:01 | Report Abuse

boss kena tangkap by MACC