Pity 400523, cut loss on wrong time, Please call me, I lost your number already, or just sms me so I know your number ok fren.. 400523 had been giving a lot of news in the past, we should appreciate that guys
Why is this Fairfax buying so much of Mudajaya? I heard it is very difficult to do business in India. Policies and decision-makers always twisting and turning. The India power station hasn't contributed a rupee yet so may not go up yet.
There will be a few price catalysts. (1) Announcement of power generation this summer (rather than Nov as in the announcement) (2) Good or fair terms and conditions for PPA (3) Last but not least, fairfax initiates its purchase after the announcement of RKM power plants.
Ahmad Zaki got the Bumi portion of the KVMRT2 viaduct contract worth 1.44 billion today...just announced Star paper online as expected. Also expected is Mudajya tipped to get 800 plus million i.e. 1 of the seven viaducts contracts at least. This is based on it's track record having completed the same in the KVMRT. 1Yes I am back but bought at an average of 1.31 about a week back thinking its going to fly again...it slowly went down to 1.26...almost cried...and now I am full of optimism again
i am waiting him to promote again(^o^). but anyway , mudajaya is worth to promote if india power plant can contribute profit & meet his stock pick criteria.
25th March 2016 = Internal re-organisation of group structure :-
The Board of Directors of MGB wishes to announce that its wholly-owned subsidiaries, MJC Industries Sdn Bhd and Mudajaya Energy Sdn Bhd had on 22 March 2016 completed the following acquisition of shares from Mudajaya Corporation Berhad, the letters of approval were received from the Inland Revenue Board on 25 March 2016:-
(a) 10,000,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of MJC Precast Sdn Bhd for a total cash consideration of RM16,695,952.00;
(b) 300,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of MJC Trading Sdn Bhd for a total cash consideration of RM5,374,760.00; and
(c) 200,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of Mudajaya Energy Sdn Bhd for a total cash consideration of RM200,000.00.
Kindly refer to the attached document for the complete announcement.
This announcement is dated 25 March 2016.
What is this all about? Preparing to start a Power Reit by separating the construction and power units?
Prior to the Internal Reorganisation, MJC Precast Sdn Bhd, MJC Trading Sdn Bhd and Mudajaya Power International Sdn Bhd were wholly-owned subsidiaries of MCB.
Upon completion of the Internal Reorganisation, MJC Precast Sdn Bhd and MJC Trading Sdn Bhd have become wholly-owned subsidiaries of MJC Industries Sdn Bhd. Whilst Mudajaya Power International Sdn Bhd has become the wholly-owned subsidiary of Mudajaya Energy Sdn Bhd.
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....
10bagger10
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Posted by 10bagger10 > 2016-03-19 17:00 | Report Abuse
400523 bro... u here?