Monetization of the Group’s assets which involves the equity disposal and land held for development. The Group has finalized discussions with potential investors and is currently in the midst of finalizing all the relevant documentations to conclude the deal. The Management has identified the proposed utilization of the proceeds which include among others the paring down of selected borrowings, working capital requirements particularly the on-going projects and other investment activities. The realization of this monetization exercise would facilitate the process of improving the Group’s overall gearing and financial results besides enhancing the progress of all the projects currently implemented.
When the analyst puts a positive view on the counter but failed to realise that the counter was in heavy debt n void of dividend for the last 10 years , one had to realise the negative sides that will be coming along . The tendency of substantial shareholders are disposing regularly to reduce stakes may be the real reason behind by putting a bright future side just to hoodwink the unsuspected minorities into believing how good n how much potential is . When the market realises the actual picture , the last one who hold the valueless scrip will be the minorities. The big fish has escaped but sadly the fries will be the last one to be crucified , like it or not.
Monetization of the Group’s assets which involves the equity disposal and land held for development. The Group has finalized discussions with potential investors and is currently in the midst of finalizing all the relevant documentations to conclude the deal.
Proposed Disposal of 49% out of 100% equity in Zecon Medicare Sdn Bhd, for RM 155 MIllion A detailed announcement will be made in due course once the agreement has been signed.
THIS IS NOT A BUY OR SELL CALL DISCLAIMER: I OWN NO STOCK IN THIS COUNTER
The project “Cadangan Pembinaan Hospital Petrajaya (300 Katil), Petrajaya, Kuching, Sarawak (Reka dan Bina)” was awarded to Zecon Berhad for a sum of RM495 million. The contract includes survey, design and quality assurance in their undertaking and to complete the proposed project in 42 months. The revised completion date is 20 June 2018. The scope of works for the projects includes the construction, completion, testing and commissioning of all requirements and structures as stated in the scope of works and specifications including but not limited to all necessary temporary works, site clearing, earthworks and excavations, foundation, structural, civil works, architectural works, interior works, landscaping works, mechanical & electrical works and other relevant utilities.
Deal or no deal..." A divestment of RM155M is a big deal for Zecon which has a market capitalisation of RM 95.6 m. The exercise would unlock the value its assets and enhance shareholder value"
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Ultrainvestor
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Posted by Ultrainvestor > 2017-04-04 16:37 | Report Abuse
other than this https://klse.i3investor.com/blogs/PublicInvest/119792.jsp of course.