Posted by Investeye > 2016-04-29 23:16 | Report Abuse

BATU KAWAN: Property developer and real estate investment company, Aspen Group, expects to complete the reverse takeover (RTO) of the ceramics tile manufacturer, Yi-Lai Bhd, the earliest by October.

Its chief executive officer, Datuk M. Murly, said the group aimed to complete the RTO, the earliest by October or the latest by year-end.

“We are in the midst of regulatory compliances and once we get the clearance, I promise I will talk more about it,” he told reporters in Batu Kawan on Friday.

It was reported in February that the RTO would be settled via the issuance of 450 million new Yi-Lai shares at an issue price of RM1, while the remaining RM100mil will be paid in cash.

Murly said the plan to list on the Singapore Exchange was still on but Aspen, a Malaysian company, preferred it here.

“Our target is to get listed as it will give us the platform to raise capital and once we get the clearance from the regulators here (Malaysia), we may abort the SGX plan,” he said.

Earlier, Murly signed a collaborative agreement worth more than RM5mil with German-based kitchen and home appliances provider, Teka Kuchentechnik Malaysia Sdn Bhd.

He said the deal would see all units of Vertu Resort, the first residential development in Aspen Vision City, furnished with the best from Teka.

“All units of Vertu Resort will be inclusive of home furnishings by IKEA, kitchen appliances by Teka and electrical appliances. Every unit will also have at least two parking lots,” he said.

He said sales of the Vertu Resort units, which were expected to be completed in 2019, had reach 50%.

Vertu Resort is mega joint-venture development between Aspen and Ikano Pte Ltd. It consists of 1,282 ready-to-move-in condominiums spread across five elegant towers ranging from 29 to 42 storeys with only eight to 12 units on each floor. - Bernama

Posted by Investeye > 2016-04-29 23:17 | Report Abuse

Will collect some if the price down below 0.93...

Posted by sasword > 2016-05-04 10:38 | Report Abuse

Will collect some when the price down below 0.70...

Posted by sasword > 2016-05-05 10:59 | Report Abuse

Surrounded by bad news...this stock will fall below 0.70...

Posted by nsyee28282828 > 2016-05-16 14:08 | Report Abuse

can buy at 91.5? how much the fair value?

Posted by nsyee28282828 > 2016-05-17 18:43 | Report Abuse

this stock also sleeping stock no volumes at all, highly chances manipulated by the big players

Posted by Kareemabduljabbar > 2016-05-19 12:32 | Report Abuse

Some good new kambing

Posted by smartly > 2016-05-23 17:50 | Report Abuse

price will go south tomorrow. :(

Posted by nkk53 > 2016-05-28 17:16 | Report Abuse

This stock is dead since taken over by the igb young taukeh

Posted by sasword > 2016-06-15 18:24 | Report Abuse

RIP yilai de aspen...

Posted by nokenzo > 2016-06-17 18:20 | Report Abuse

HOA 30.06.2016. good news coming!

Posted by spaghetti932 > 2016-07-01 20:48 | Report Abuse

Actually what is HOA? i dont get it.

Posted by nokenzo > 2016-07-02 08:08 | Report Abuse

Head of agreement. Postpone to 31.07.2016. A long time to wait.

Posted by Skliew > 2016-07-27 23:49 | Report Abuse

What's MOA?

Posted by firehawk > 2016-07-28 16:07 | Report Abuse

wah! really jump woh ... happy loh .....

Posted by eimajz > 2016-07-28 16:11 | Report Abuse

woah big jump

Posted by eimajz > 2016-07-28 16:34 | Report Abuse

http://www.theedgemarkets.com/my/article/aspen-hopes-ink-rm550m-rto-agreement-yi-lai-next-week

TP RM1

Posted by firehawk > 2016-07-29 10:50 | Report Abuse

How come suspended? WHY?

Posted by tjhldg > 2016-07-29 11:01 | Report Abuse

tapau la :(

Posted by firehawk > 2016-07-29 11:05 | Report Abuse

if they make the HOA now .. it is compliance?

Posted by funda > 2016-07-29 12:22 | Report Abuse

mean SC not approving their RTO request?

Posted by Yap FS > 2016-07-29 14:06 | Report Abuse

...The options that the Company and vendors are currently exploring are either to allow the HOA to lapse on 31 July 2016 or to extend it for another period of time.

This announcement is dated 29 July 2016.

Posted by nokenzo > 2016-07-29 14:18 | Report Abuse

All are not lost yet, HOA can be extended.

Posted by bigbigboss > 2016-07-29 14:26 | Report Abuse

sell 1st

Posted by eimajz > 2016-07-29 14:37 | Report Abuse

unethical reporting by both Star and The Edge. Unless their source misinformed them, this shouldnt occur

Posted by HowAh > 2016-07-29 15:51 | Report Abuse

WTH

Posted by HowAh > 2016-07-29 15:52 | Report Abuse

How to buy shares ah like this

Posted by nokenzo > 2016-07-29 16:33 | Report Abuse

Got cheated. go to sleep again. It will not go bankrupt.

Posted by sasword > 2016-07-29 17:12 | Report Abuse

Agree with markus. Nowadays big share holders dun hav conscience and manipulate share price to gain profit from small share holders.

Posted by kakashit > 2016-07-29 18:04 | Report Abuse

哎哟，乖乖卖砖头不就好咯，搞什么后门上市

Posted by PlsGiveBonus > 2016-07-29 18:06 | Report Abuse

Pension money bye
Pensbye

Posted by maxhoi > 2016-07-29 19:02 | Report Abuse

that's share market! don't ever believe what you read or Heard!

Posted by dick20 > 2016-07-29 21:57 | Report Abuse

we all got cheated! from dividend paying to no dividends at all! The trend is clear. Avoid!

Posted by projecti2016 > 2016-07-29 22:05 | Report Abuse

screwed

Posted by SejukSaam > 2016-07-29 22:52 | Report Abuse

ha ha, padan muka, aiyoyo

Posted by nokenzo > 2016-07-31 08:39 | Report Abuse

SejukSaam, jangan lah! Pity us lah, Kena tipu.

Posted by firehawk > 2016-07-31 09:13 | Report Abuse

actually is not the directors want to tipu but SC dun want to waive :(

Posted by tjhldg > 2016-07-31 22:31 | Report Abuse

not yet la ..ada story lagi la ,,,see see la :)

Posted by nokenzo > 2016-08-02 08:34 | Report Abuse

RTO aborted. Adoi!!1

Posted by davidkkw79 > 2016-08-02 17:19 | Report Abuse

comfirmed terminated oledy lar.

Posted by nkk53 > 2016-08-18 11:01 | Report Abuse

used to be dividend stock but now like shit

Posted by nkk53 > 2016-08-19 10:07 | Report Abuse

suda kena tipu by young kedekut taukeh

Posted by smartly > 2016-08-19 10:10 | Report Abuse

profit declining...

Posted by kakashit > 2016-08-19 16:09 | Report Abuse

谊来谊来，我来了，塞翁失马焉知非福。

Posted by nokenzo > 2016-08-29 16:52 | Report Abuse

Slowly wiping up the free float?

Posted by nkk53 > 2016-08-30 16:19 | Report Abuse

How can they stop the dividend just like that????????,,,

Posted by nokenzo > 2016-08-30 18:51 | Report Abuse

They used the fund to buy back shares. EPS will be higher. Dividend??? Slow slow wait.

Posted by nkk53 > 2016-09-05 12:07 | Report Abuse

no dividend . no talk

Posted by Yap FS > 2016-09-10 14:14 | Report Abuse

everyday stock buy back ....

Posted by federerphong > 2016-09-14 22:00 | Report Abuse

why everyday stock buy back,got any news