Of course up. Reverse take over. It is backdoor lisitng liao. Goh bh take back land in gbh, sell gbh share to swap the new fspo comp shares so it is giving up shares to newajor shrhlders
On behalf of the Board of Directors of Keladi, RHB Investment Bank Berhad wishes to announce that Keladi had entered into a conditional Sale and Purchase Agreement with GBH Land and GBH on 2 July 2014 for the proposed acquisition of nine (9) parcels of land comprising six (6) parcels of freehold land held under Geran 362 Lot 2984, Geran Mukim 1143 Lot 2983, Geran Mukim 1323 Lot 4397, Geran Mukim 1592 Lot 3680, Geran Mukim 1599 Lot 1470 and Geran 7538 Lot 38755 together with the Buildings from GBH Land, and three (3) parcels of leasehold land held under Pajakan Mukim 943 Lot 46261, Pajakan Mukim 944 Lot 46260 and Pajakan Mukim 945 Lot 46262 together with the Buildings from GBH, all located in Mukim of Batu, District of Kuala Lumpur, Wilayah Persekutuan for a total cash consideration of RM192
sounds like not so bad for keladi exchange cash hoard for land, and borrow some from bank then free interest, coz offset using rental 4.2m meantime, land appreciate summary: "free interest loan" and land appreciate
On behalf of the Board of Directors of Keladi, RHB Investment Bank Berhad wishes to announce that Keladi had entered into a conditional Sale and Purchase Agreement with GBH Land and GBH on 2 July 2014 for the proposed acquisition of nine (9) parcels of land comprising six (6) parcels of freehold land held under Geran 362 Lot 2984, Geran Mukim 1143 Lot 2983, Geran Mukim 1323 Lot 4397, Geran Mukim 1592 Lot 3680, Geran Mukim 1599 Lot 1470 and Geran 7538 Lot 38755 together with the Buildings from GBH Land, and three (3) parcels of leasehold land held under Pajakan Mukim 943 Lot 46261, Pajakan Mukim 944 Lot 46260 and Pajakan Mukim 945 Lot 46262 together with the Buildings from GBH, all located in Mukim of Batu, District of Kuala Lumpur, Wilayah Persekutuan for a total cash consideration of RM192,369,465 (“Proposed Acquisition”). Further details of the Proposed Acquisition as attached. This announcement is dated 2 July 2014.
IMHO, it's ideal for a developer to buy land - to develop , to generate $$$$$$. Land does not depreciate over time! But appreciates. Some more it's a biz, keladi knows well - property development.
With new rpgt, property market is dead. Kikikik... But they dun make land anymore... Very limited edition, this thingy called land.... Money depreciates like crazy! Give me land anytime! :)
question to ask ourselves : would a co.owning RM192,369,465 worth of property only fetches 35 sen per share? Kikikik... A joke right? Next Q: Previously, these property belongs to whom, and take a guess how much was it's share price?
Posted by tommyzai > Jul 3, 2014 11:18 AM | Report Abuse
sounds like not so bad for keladi exchange cash hoard for land, and borrow some from bank then free interest, coz offset using rental 4.2m meantime, land appreciate summary: "free interest loan" and land appreciate ----- :)
EX-date 08/08/2014 Entitlement date 12/08/2014 Entitlement time 05:00:00 PM Entitlement subject First and Final Dividend Entitlement description First and final dividend of 5% per ordinary share of RM0.10 each under single tier system
LISTING'S CIRCULAR NO. L/Q : 71019 OF 2014 First and final dividend of 5% per ordinary share of RM0.10 each under single tier system. Kindly be advised of the following : 1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ] as from : [ 8 August 2014 ] 2) The last date of lodgement : [ 12 August 2014 ] 3) Date Payable : [ 26 August 2014 ]
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 2 July 2014 in relation to the Proposed Acquisition. We refer to the announcement dated 2 July 2014 in relation to the Proposed Acquisition. On behalf of the Board of Directors of Keladi, RHB Investment Bank Berhad wishes to announce that pursuant to Chapter 10.04(3)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the valuation reports of the Lands have been submitted to Bursa Malaysia Securities Berhad on 9 July 2014. The salient features of the valuation reports are set out below: In arriving at the opinion of the market value of the Lands, Laurelcap had appraised the Lands in its Land Valuation Report dated 4 July 2014 using the Comparison Method. The Comparison Method is the market approach of comparing the Lands with similar properties that were either transacted recently or listed for sale within the same location or other comparable localities. In comparing the Lands, due consideration is given to factors such as location, size, building differences, improvements and amenities, time element and other relevant factors to arrive at the opinion of value. The Valuer has only adopted the Comparison Method to arrive at the valuation of the Lands as the Lands were viewed and valued as a single parcel of vacant land and have strong potential for mixed residential and commercial development, but with no planning approval as yet from DBKL. The Residual Method was not adopted due to the assumptions required to be made by Laurelcap which reduce the accuracy in arriving at the market value of the Lands. The Lands were inspected by Laurelcap on 2 July 2014. In arriving at the opinion of the market rental value of the Demised Property, Laurelcap had appraised the rental in its Rental Valuation Report dated 4 July 2014 using the Comparison Method. This method involves comparing the Demised Property with recently transacted properties of a similar nature or offers for rental of similar properties in the area. Adjustments are then made for differences in location, size, terrain, accessibility, improvement on the land and tenancy period in order to arrive at a common basis for comparison. The market rental value of the Demised Property shall reflect a Full Repair and Insuring Lease whereby the outgoings, including all rates and utilities but not including annual quit rent and assessment relating to Demised Property will be borne by the tenant. DOCUMENTS FOR INSPECTION The valuation reports of the Lands are available for inspection during normal office hours at the registered office of Keladi located at No. 8, 3rd Floor, Jalan Segambut, 51200 Kuala Lumpur, Malaysia during normal business hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 9 July 2014.
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....
Steven Yong
1,251 posts
Posted by Steven Yong > 2014-07-01 19:54 | Report Abuse
Yahoo for those who have patient to wait till now