Posted by CK CHAN > 2013-04-06 14:50 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2013/1/5/business/12537620&sec=business

Posted by one688easy > 2013-04-06 17:43 | Report Abuse

该集团脱售在珠海的高尔夫球场及房產的活动已处最后阶段.

Posted by sharemania > 2013-04-08 09:40 | Report Abuse

http://www.theedgemalaysia.com/highlights/235253-lbs-bina-to-seal-china-deal-soon.html

Posted by TuaHuat > 2013-04-08 09:43 | Report Abuse

#Highlight* LBS Bina to seal China deal soon
Written by Kamarul Anwar of theedgemalaysia.com
Mon Apr 08 2013 9:07:25 AM
KUALA LUMPUR: LBS Bina Group Bhd’s long drawnout negotiations to dispose of its tract in Zhuhai, southern China, to Hong Kong-listed entity Zhuhai Holdings Investment Group Ltd may be finally reaching an agreement.

“Both parties are rushing to complete the deal as the memorandum of understanding (MoU) will lapse on April 17. Currently, it is in the documentation stages and both are very close to signing the [sale and purchase] deal,” said a source familiar with the matter.

LBS Bina has taken a year to conclude the divestment after the signing of the MoU, according to the source, as the settlement of the proceeds involves issue of shares in Zhuhai Holdings plus promissory notes and cash.

Zhuhai Holdings’ share price closed at HK$1.18 (46 sen) last Friday with a market capitalisation of HK$1.32 billion. Should the land sale materialise, LBS Bina could reap over RM600 million based on an indicative price of about HK$1.65 billion.

Some analysts concur that it would be a value enhancing deal for LBS Bina given that the value of the 197 acres (78.8ha) is worth more than the company’s current market capitalisation of RM392.7 million as at last Friday.

Having a local partner on board would help kickstart the development, which has been delayed for years, said a dealer, and LBS Bina would be able to benefit from it by holding an equity interest in Zhuhai Holdings.

However, according to analysts, they hold a cautious stance until an official announcement is made to Bursa Malaysia because LBS Bina has taken too long to conclude the land sale.

The company has been in talks with Zhuhai Holdings, formerly known as Jiuzhou Development Co Ltd, since early 2010. LBS Bina entered into an MoU with Jiuzhou Technology Co Ltd, a wholly owned unit of Zhuhai Holdings, in April 2012. Zhuhai Holdings is a Chinese state-owned entity that operates ferry services and a hotel chain in China.

The MoU was an expression of Jiuzhou Technology’s intention to buy up to 100% but not less than 60% stake in Dragon Hill Corp Ltd, a wholly owned unit of LBS Bina.

Dragon Hill has a 60% equity interest in a 36-hole golf course and 197 acres of developable land in Zhuhai. The MoU, which originally expired last October, was extended by six months for due diligence.

On its local businesses, LBS Bina has set a sales target of RM1 billion this year, after surpassing RM800 million in 2012. The group’s sales figure will be buttressed on its unbilled sales, which amounted to RM745 million as at last December.

The property developer’s launches this year and ongoing developments comprise about 5,600 property units worth a total gross development value of RM3 billion.

LBS Bina’s share price spiked up to nearly a five-year high of RM1.03 last Friday, gaining 22.6% year to date.

The Lim family, who founded LBS Bina, has been acquiring shares on the open market in recent months. Its investment vehicle Intelrich Sdn Bhd raised its stake to 50.69% as at March 1 from 48.2% last May.

Posted by humbled > 2013-04-08 10:47 | Report Abuse

Sounds good to me :) and thanks for the info gentlemen.

Posted by BENNY313 > 2013-04-08 11:05 | Report Abuse

THEN WILL FLY SOON.....

Posted by Euscilyn > 2013-04-08 11:21 | Report Abuse

Benny313 it's flying!!!! ;)

Posted by sharemania > 2013-04-08 15:29 | Report Abuse

yeah !

Posted by Euscilyn > 2013-04-08 15:51 | Report Abuse

If the rate stable at 1.04 that will go up to 1.30 for short terms

Posted by Matsaham Mashuk > 2013-04-08 16:02 | Report Abuse

next tebrau hehehe...

Posted by Henry Loh > 2013-04-08 16:28 | Report Abuse

election soon, is there any effect on this?

Posted by Ken Loo > 2013-04-08 16:41 | Report Abuse

if index drop 100 points you think small stock like lbs can survive ?

Posted by necro > 2013-04-08 16:45 | Report Abuse

Soalan apa ini?

Posted by Henry Loh > 2013-04-09 11:10 | Report Abuse

lbs consider a small stock??

Posted by sharemania > 2013-04-09 11:17 | Report Abuse

yes Henry, with market cap of 413M, it is consider small stock. but not penny. haha

Posted by 七龍珠 > 2013-04-09 11:24 | Report Abuse

lbs starting to fly, i will keep this stock at least 2 month

Posted by Euscilyn > 2013-04-09 13:15 | Report Abuse

It's consider mid capital.

Posted by humbled > 2013-04-09 14:39 | Report Abuse

Hopefully a lot to come these few days they get closer to signing :)

Posted by Matsaham Mashuk > 2013-04-09 14:42 | Report Abuse

nice--)duit mashuk hehehe...

Posted by humbled > 2013-04-09 14:53 | Report Abuse

Think will hit new high soon :)

Posted by humbled > 2013-04-09 14:54 | Report Abuse

Thought saw someone came up with tp 1.80 correct ah?

Posted by sharemania > 2013-04-09 14:57 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2013/1/5/business/12537620&sec=business

Posted by 七龍珠 > 2013-04-09 15:18 | Report Abuse

already hit new(last new high 1.110)

Posted by humbled > 2013-04-09 15:26 | Report Abuse

Thanks a lot

Posted by csk396 > 2013-04-09 15:34 | Report Abuse

still can go in ah ?

Posted by streamer555 > 2013-04-09 16:42 | Report Abuse

wah..suspend.damn it..

Posted by andyteng > 2013-04-09 16:44 | Report Abuse

y suspend? good newS?

Posted by Desmond Liew > 2013-04-09 16:44 | Report Abuse

oppp!!! missed the boat to gold mine

Posted by csk396 > 2013-04-09 16:46 | Report Abuse

hopefully got good news from land sale !!

Posted by 七龍珠 > 2013-04-09 16:48 | Report Abuse

suspension of trading from 9.00 am on 10 April 2013 to 5.00 pm on 10 April 2013

Posted by sharemania > 2013-04-09 16:51 | Report Abuse

lol !!! ji bai ho seh liao !

Posted by humbled > 2013-04-09 16:54 | Report Abuse

I thought something wrong with my app hehe.......

Posted by humbled > 2013-04-09 16:56 | Report Abuse

Would not have bought this counter if not because of all the info shared here. Appreciate it a lot and good luck everyone!!!

Posted by sharemania > 2013-04-09 16:59 | Report Abuse

Cheers !

Posted by lmf_hau > 2013-04-09 17:09 | Report Abuse

China Press

珠海公司售股有眉目 林木生股項續大熱
財經股市8 Apr 2013 23:01 轉寄 列印 字体:.Send by email
　（吉隆坡8日訊）市場傳林木生集團（LBS，5789，主要板產業）一直展延的珠海公司股權脫售計劃已有眉目，且已達致協議，該股今日再度交投熱烈，不過股價起落參半。

　儘管解決擱置已久的項目為好消息，該股數日來走勢相當複雜，上週五（5日）雖大熱下滑4仙，但已是2005年4月以來最高水平。

　今早開市時該股原揚3仙至1.06令吉，早盤窄幅波動，休市時仍跌1仙，掛1.02令吉，不過盤中交投熱烈，半日交投高達1272萬6200股；午盤該股走勢稍見好轉，不過維持窄幅波動，閉市時起1仙，掛1.04令吉，成交量1913萬3100股。

　《The Edge財經日報》日前引述消息報導，林木生集團有望在4月17日限期前，與香港上市公司珠海控股投資集團達致協議，脫售股權以退中國房地產項目。

尋求達致買賣協議

　消息人士指出，由于這項諒解備忘錄將在4月17日作廢，雙方正尋求儘快達致買賣協議，不過涉及一些票據、現金及股權，目前已進入處理這些文件程序。

　報導指出，該公司2010年初已考慮脫售珠海投資項目股權。

　市場分析師認為，倘若可成功脫售項目股權，項目下面積197畝的土地價值將超過公司截至上週五總值3億9270萬令吉的市值。

Link - http://www.chinapress.com.my/node/410713

Posted by BENNY313 > 2013-04-09 18:48 | Report Abuse

This is good news or bad news??? Any comment???

Posted by BC475654 > 2013-04-09 18:56 | Report Abuse

Good News.LBS shares suspended tomorrow pending an announcement on the sales of land (worth RM 600 MIL)in Zhuhai,China.

Posted by kennychong > 2013-04-09 19:32 | Report Abuse

很可惜....今天我卖了...开市的时候一定冲....

Posted by 七龍珠 > 2013-04-09 21:10 | Report Abuse

要在股市上赚钱，一定要有“耐心”。我是打算收1,2个月

Posted by Alex Chan > 2013-04-09 21:19 | Report Abuse

is it all in cash?

Posted by BC475654 > 2013-04-09 23:06 | Report Abuse

Details will be announced tomorrow.Open for trading on Thurs morning.

Posted by selinelow > 2013-04-10 00:03 | Report Abuse

ai miss the boat... when open the share price will be up kaw kaw above 1.30

Posted by one688easy > 2013-04-10 03:06 | Report Abuse

The land sale will bring it upto rm$2.5

Posted by kcfan > 2013-04-10 07:52 | Report Abuse

No trade by today on their good news announcement.

Posted by kennychong > 2013-04-10 08:07 | Report Abuse

大选投票日要到了...会否影响LBS的涨势...?

Posted by klugman > 2013-04-10 09:25 | Report Abuse

if proceeds of sale in china is brought back, share price should be 1.50 plus

Posted by sharemania > 2013-04-10 13:47 | Report Abuse

when the news will be announced ? today or tomorrow ?

Posted by cherry tomato > 2013-04-10 15:12 | Report Abuse

today

Posted by limmyfox > 2013-04-10 18:38 | Report Abuse

http://klse.i3investor.com/servlets/anpth/899152.jsp

Posted by BC475654 > 2013-04-10 18:53 | Report Abuse

Deal done
1) Cash : RM 199.3 mil
2)Shares : RM 119.6 mil
3)Deferred payment : RM 338.8 mil
Total :RM 657.7 mil.
EPS : UP 63.06 sen