Digesting the MOU: "1. INTRODUCTION The Board of Directors of Ageson (“Board”) wishes to announce that Solidvest Properties Sdn Bhd (“SPSB”), an indirect 99%-owned subsidiary of the Company, had on 28 September 2022, entered into a memorandum of understanding (“MOU”) with Koperasi Belia Nasional Berhad (“Kobena”) to sell a piece of land measuring 9.325 acres held at Lot 9348, Mukim Batu, Daerah Gombak, Selangor Darul Ehsan (“Land”) to Kobena with a purchase consideration of RM35.0 million"
Salient points: - Audited net book value as at 30 June 2021: Approximately RM1.55 million RM35 million - RM1.55 million roughly a gain of RM33.45 million in book value. - Kobena intends to appoint SPSB as the developer to plan, develop, complete and procure potential purchasers for the Proposed Development. - Estimated gross development value ("GDV”): Approximately RM95.20 million. - Estimated gross development cost ("GDC”): Approximately RM41.20 million. - SPSB shall be able to secure a profit of RM10.0 million to Kobena from the sale of the Proposed Development.
it might rebound abit early morning, since today drop so much. This share is dangerous because it break all the MA line. Normally when the share turns uptrend, it wont break all the support line. Afterall, it still depends on the banker. I might be wrong too.
Thanks Blee reported recent land transaction added 33m current down just big volume came after rally early of week the clean profit of 33m cud add 10 sen per share will stimulate coming QR
@opportunist88: Thanks Blee reported recent land transaction added 33m current down just big volume came after rally early of week the clean profit of 33m cud add 10 sen per share will stimulate coming QR
BLee: Welcome, just for sharing and my own interest as I hold both mother and ICPS AGES-PA. Most likely the deal will not be completed in this and next QR as 'the MOU was intended to provide additional time for Kobena to do all necessary due diligence as well as to obtain its board’s approval' and 'The MOU will come into effect on the date of signing and will remain in the effect for a period of six (6) months'
BSKL and some of the regional markets are going through a rough phase, and will most likely have a long wait for any potential gain… I do not have any inside info, therefore will wait for further announcement on Perak Land. Happy trading and TradeAtYourOwnRisk
The Board of Directors of Ageson (“Board”) wishes to announce that Ageson Retails Sdn Bhd (“ARSB”), an indirect wholly-owned subsidiary of the Company, had on 30 September 2022, entered into a memorandum of understanding (“MOU”) with Koperasi Belia Nasional Berhad (“Kobena”) to sell 4,000 units of vending machines and/or retail fridges which integrated with internet-of-thing system and solutions (“Products”) to Kobena (“Business Proposal”).
Vending machines? Hope legit and profitable ventures.. Pls get rid of those scammers in vending machines tenancy schemes.. we need well transform IoT enabled vm..
Directors busy churning out MOU to excite traders, punters, newbies
1. The Board of Directors of Ageson (“Board”) wishes to announce that Solidvest Properties Sdn Bhd (“SPSB”), an indirect 99%-owned subsidiary of the Company, had on 28 September 2022, entered into a memorandum of understanding (“MOU”) with Koperasi Belia Nasional Berhad (“Kobena”) to sell a piece of land measuring 9.325 acres held at Lot 9348, Mukim Batu, Daerah Gombak, Selangor Darul Ehsan (“Land”) to Kobena with a purchase consideration of RM35.0 million (“Purchase Consideration”) ("Proposed Disposal”). This announcement is dated 28 September 2022.
The MOU will not have any effect on the issued share capital and the shareholding of the substantial shareholders of the Company. The MOU is not expected to have any material effect on the net assets, earnings per share and gearing of the Ageson and its subsidiaries.
=============== Continue to monitor status update on MOU Common to have MOUs terminated after a period of time due to no material development
2. The Board of Directors of Ageson (“Board”) wishes to announce that Ageson Retails Sdn Bhd (“ARSB”), an indirect wholly-owned subsidiary of the Company, had on 30 September 2022, entered into a memorandum of understanding (“MOU”) with Koperasi Belia Nasional Berhad (“Kobena”) to sell 4,000 units of vending machines and/or retail fridges which integrated with internet-of-thing system and solutions (“Products”) to Kobena (“Business Proposal”). Further details of the announcement are set out in the attachment below. This announcement is dated 30 September 2022.
The MOU will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the Company. The MOU is not expected to have any material effect on the net assets, earnings per share and gearing of the Ageson and its subsidiaries (“Ageson Group”). Subject to the execution of any definitive agreement in relation to the Business Proposal and fulfilment of the purposes pursuant to the terms as set out in the MOU, it is expected that the Business Proposal will contribute positively to the future financial performance of the Ageson Group.
=============== Continue to monitor status update on MOU Common to have MOUs terminated after a period of time due to no material development
3. The Board of Directors of Ageson (“Board”) wishes to announce that Ageson Net Sdn Bhd (“ANSB”), an indirect wholly-owned subsidiary of the Company, had on 3 October 2022, entered into a memorandum of understanding (“MOU”) with Koperasi Belia Nasional Berhad (“Kobena”) to appoint ANSB as an operator to manage the business operation of Kobena’s 4,000 units of vending machines and/or retail refrigerators integrated with internet-of-thing system and solutions ("Smart Vending Machines”) (“Appointment”). Further details of the annoucement are set out in the attachment below. This announcement is dated 3 October 2022.
The MOU will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the Company. The MOU is not expected to have any material effect on the net assets, earnings per share and gearing of the Ageson and its subsidiaries (“Ageson Group”). Subject to the execution of any definitive agreement in relation to the Appointment and the fulfilment of the purposes pursuant to the terms as set out in the MOU, it is expected that the Appointment will contribute positively to the future financial performance of the Ageson Group.
=============== Continue to monitor status update on MOU Common to have MOUs terminated after a period of time due to no material development
New management takeover and change name from prinsip to Ages, previous management are sued for alleged scheme to defraud the company, just go and google the news
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kangedd
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Posted by kangedd > 2022-09-28 13:03 | Report Abuse
0.45 after lunch sir