Kindly be advised that at the request of LBS, trading in the Company's securities will be suspended with effect from 9.00 a.m., Monday, 5 March 2018 pending a material announcement.
What will happen? Despite the great riches it promises, redevelopment of ZIC would undoubtedly have strained the Group’s financial resources any which way had it gone on its own given the eye-watering numbers involved. With NWP Holdings roped, direct financial responsibilities will now be passed on to another entity without burdening the existing shareholders of LBS Bina who will still be able to benefit from the project through a profit-sharing arrangement on a consolidated basis via the 74% stake in NWP in which LBS will have full management control over (including the RM93.5m injected into the company for the share subscription as seed-funding for the redevelopment). Paring down of its 60% stake in ZIC is still a possibility, though not likely anytime soon until some values start to crystallize.
China's largest developer country garden has done very well in 2017 doubling sales in first tier cities. LBS's joint venture in china could either be favourable or too ambitious by now? since china and hk are curbing the sky high property prices.
PETALING JAYA: LBS Bina Group Bhd has recorded total sales of RM455mil on a year-to-date basis, doubling what it sold in the corresponding period last year, which saw RM229mil worth of sales.
Speaking at the launch of Zenopy Residences, group managing director Tan Sri Lim Hock San said the total sales achieved to date was commendable.
“This reflects well on the group’s marketing and promotion efforts, and serves as a testament to the purchasers’ confidence towards LBS’ products.
“We target to achieve total sales of RM1.8bil for 2018,” he said.
The group has 19 ongoing projects worth RM3.95bil, with unbilled sales amounting to RM1.42bil.
LBS unveiled its latest development yesterday, a 32-storey mixed development featuring serviced apartments and retails units with a gross development value of RM312mil.
Zenopy Residences, coined from the words ‘Zen’ and ‘Canopy’, is located on a piece of 4.69-acre land in Seri Kembangan.
The mixed development comprises 398 serviced residential units, complemented by 51 commercial shop units and 23 affordable shop units.
Priced from RM413,000, the serviced residence has unique design layouts with built-up areas ranging from 823 sq ft to 2,031 sq ft.
To date, some 31% of serviced apartments in Zenopy Residences have been sold and the group’s aim is to achieve 75% take-up rate by year-end.
While the development is due to be completed by 2021, Lim is expecting Zenopy Residences to be completed by end-2019.Zenopy Residences is situated 5km from shopping malls, retail outlets, and hypermarkets, 4km from the Alice Smith International School and Universiti Putra Malaysia (UPM).
There are also upcoming MRT stations nearby, namely, Equine Park station and Taman Putra Permai station.
The two upcoming launches for LBS are Phase 2 of Alam Perdana in the third quarter and Cybersouth during the fourth quarter, which have GDVs of RM477mil and RM474mil, respectively.
Recently conversion price for LBS wb has been revised from 1.25 to 0.56.LBS wb current price is 0.40.If based on old conversion price LBS wb should be 0.40x1.25/0.56=0.89.I bought LBS wb at 0.27 on 8/3/16.In fact,the price has already increase 230% from that time.
19 Feb Divident before split 4 sen/share =4/2.2 = 1.81818 sen/share after split. 08 Jun Divident 1 sen/share = 2.2 b4 split 02 Aug Divident 1.2 sen/share = 2.64 sen b4 split So, dividend per share after split=1.818+1+1.2 sen=4.01818 sen/share or 8.84 sen /share before split.
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Posted by 54055 > 2018-02-21 19:01 | Report Abuse
LBS didn't involved in Ijok case.