Posted by riskabsorber > 2016-02-26 10:36 | Report Abuse

We will see how is the disposal being completed within a week. FGV is transferring the fund in order to pay GL. Based on the latest GL's quarterly report, Discontinued operation contributing RM21mil Segment profit. Apparently, FGV need it seriously to recover from losses.

Posted by FGV_ > 2016-02-27 16:37 | Report Abuse

Yesterday FGV announced buying China company for RM 976 million. GL Bhd deal cancel since no news?

Posted by FGV_ > 2016-02-27 16:48 | Report Abuse

After paying so much money for China company where to find another RM 655 million?
http://www.thestar.com.my/business/business-news/2016/02/26/fgv-buys-china-edible-vegetable-oils-producer-for-rm976mil

Posted by riskabsorber > 2016-02-29 08:14 | Report Abuse

FGV will announce their result end of today. We will know actually which purchase will be more favorable to FGV. I strongly believe the GL Bhd deal will be go through. My personal opinion for the acquisition of China edible oil producer is too risky as it is not easy to deal business with China ppl, especially those who are unable to speak Mandarin.

Posted by riskabsorber > 2016-03-01 09:54 | Report Abuse

Golden Land has been received 55% of the purchase price from FGV. Very unlikely will cancel the deal. Sometimes, no news not equal to bad news. Estimated to receive another 30% within this week.

Posted by Supertonic000 > 2016-03-01 23:59 | Report Abuse

Yes, since deposit had been paid, very unlikely that the deal will be called off ...good for glb

Posted by ngyewchai76 > 2016-03-03 14:18 | Report Abuse

GL controlled by who ?

Posted by FGV_ > 2016-03-03 14:56 | Report Abuse

Sent e-mail to complain asking to take back deposit paid plus interest.

Posted by riskabsorber > 2016-03-03 18:06 | Report Abuse

FGV_, I can guess what will they reply to your email.

"The Company is of the opinion that the complain is frivolous, vexatious and discloses no cause of action"

Posted by martinbartesque > 2016-03-04 10:54 | Report Abuse

Hi guys, I am back. Just bought back today after sell all airasia & aax. For GL, its resistance is at 1.57. Look at TA, high chance it can break 1.57 resistance & go higher.

Posted by riskabsorber > 2016-03-04 11:08 | Report Abuse

GL already collected partial payment from FGV amounting up to RM365.5mil as at 31 December 2015. I expected the balance 30% will be collected this week or early next week. Based on the current share price movement, I believe insiders already start collecting the shares discreetly.

Posted by riskabsorber > 2016-03-04 14:52 | Report Abuse

The acquisition price for each Golden Land share is for RM655mil or RM2.93 per share. That deal after the proposed capital reduction of RM0,75 plus special dividend of RM0.13 would now value each share at roughly RM2.05 , a sizable discount to its current trading price of only RM1.59. As you can imagine, there are plenty of reasons for the market to remain skeptical. However, based on the recent quarterly result from both companies (GL and FGV). The collection is showing genuine deal to be completed within this month. Let's see.

Posted by martinbartesque > 2016-03-05 10:35 | Report Abuse

I believe announcement will b within this month. Therefore I bought back.

Posted by rica7894 > 2016-03-08 08:54 | Report Abuse

Felda Global Ventures Holdings Bhd (FGV) said the completion of its
acquisition of an oil palm plantation land in Beluran, Sabah, together with four
subsidiaries from Golden Land Bhd (GLB) has been postponed by a week to
March 14. It added that the postponement of the RM655m acquisition was
agreed to by both parties. (Financial Daily)

Posted by riskabsorber > 2016-03-08 10:23 | Report Abuse

Good thing that they don't have mutual agreement to postpone it for 3 months. Need to wait patiently another week to next Monday.

Posted by FGV_ > 2016-03-08 10:39 | Report Abuse

Not only postpone another week might as well cancel altogether. Ask all deposit back plus interest.

Posted by martinbartesque > 2016-03-08 11:40 | Report Abuse

FGV. At this stage, there is no way for d cancellation of deal. Be realistic.

Posted by FGV_ > 2016-03-08 13:23 | Report Abuse

If not cancel why cannot seal in yesterday deadline? Why need another week?

Posted by riskabsorber > 2016-03-08 15:46 | Report Abuse

FGV_, if FGV want to cancel the deal. They will need to pay a high price on it. Bear in mind that this is taking about 300mil balance payment. Not 300 ringgit. If they want to cancel it, why need to have mutual agreement to postpone another week ? They can do so immediately. I highly suggest you refer to the clause that both parties signed on 8 June 2015 and only think what is the consequences of cancel the deal. If deposit paid up to 55% and then cancel the deal, no one will make any covenant with them (FGV) anymore.

Posted by FGV_ > 2016-03-09 12:00 | Report Abuse

We haven’t acquired anything yet. Which mean include "Golden Land"?

http://www.thestar.com.my/business/business-news/2016/03/09/fgv-confident-of-getting-approvals-for-china-deal/

Posted by riskabsorber > 2016-03-10 11:08 | Report Abuse

True. They haven't acquired anything yet. Which including Golden Land. Just they've paid the deposits and not refundable deposit to Golden Land. Golden Land untung immediately due to all the redemption has been processed and paid on behalf of FGV. Immediately FGV cry until no tears.

Posted by FGV_ > 2016-03-10 11:14 | Report Abuse

If GL Bhd dare to use the deposit when FGV cancel deal how is GL Bhd going to pay?

Posted by riskabsorber > 2016-03-10 12:12 | Report Abuse

Please read the signed document. There is no refund in due time.

Posted by riskabsorber > 2016-03-10 12:32 | Report Abuse

If you think that the deal will be cancelled due to minority shareholders' "protest". The below is explained how the balance purchase price or so called deposit shall be irrevocably utilized. Since, FGV being given the permission to used the deposit to pay for the redemption. Do you still think this is refundable ?

The balance purchase price amounting to Ringgit Malaysia Four Hundred Ninety One Million Two Hundred And Fifty Thousand (RM491,250,000.00) (“Balance Purchase Price”) which is equivalent to seventy five per cent (75%) of the Purchase Price and comprising of the following:-
(i) GLB Land Balance Purchase Price: RM 53,790,000.00
(ii) YPSB Balance Purchase Price: RM 282,157,500.00
(iii) SKSB Balance Purchase Price: RM 87,480,000.00
(iv) LKSB Balance Purchase Price: RM 38,947,500.00
(v) TEOPP Balance Purchase Price: RM 28,875,000.00
Total Balance Purchase Price: RM491,250,000.00

shall be deposited by PUP with the Stakeholders within seven (7) Business Days from the Unconditional Date and subject to PUP’s receipt of the Redemption Statement on or before the Unconditional Date, the Stakeholder shall be irrevocably be authorized to utilize the Balance
Purchase Price within seven (7) Business Days of receipt of the same in the following order of priority:-

(1) Redemption / partial redemption of GLB’s financing with HLBB to facilitate discharge of the GLB Land.

A portion of the Balance Purchase Price equivalent to the Redemption Sum payable to Hong Leong Bank Berhad (“HLBB”) shall be utilized by the Stakeholders to pay to HLBB for the purposes of redeeming and/or partially redeeming GLB’s borrowing with HLBB so
as to facilitate the release and discharge of the GLB Land.

(2) Redemption of the Subsidiary Companies’ outstanding loans / financing.

A portion of the Balance Purchase Price shall be utilized by the Stakeholders to pay the Redemption Sum to the respective Financiers for the purposes of redeeming in full all outstanding borrowings of the Subsidiary Companies so as to facilitate the release and discharge of all securities provided by such Subsidiary Companies to the respective Financiers.

(3) Redemption / Partial Redemption of all related borrowings of GLB or any of its subsidiaries pursuant to which securities have been provided by the Subsidiary Companies.

A portion of the Balance Purchase Price shall be utilized by the Stakeholders to pay the Redemption Sum to the relevant Financiers for the purposes of redeeming and/or partially redeeming GLB’s or any of its subsidiaries’ borrowing to which securities have been provided by the Subsidiary Companies so as to facilitate the release and discharge of all securities provided by such Subsidiary Companies to the respective Financiers in respect of such borrowings.

(4) Balance thereof shall be paid by PUP to GLB.

Any balance after settlement of payments of the Redemption Sum referred to in paragraphs (1), (2) and (3) above shall be released by the Stakeholders to GLB within fourteen (14) Business Days of presentation of the Land Transfer to the relevant land office.

Posted by Ari_CPO > 2016-03-11 11:05 | Report Abuse

so this stock only wait for news??

Posted by riskabsorber > 2016-03-11 11:57 | Report Abuse

If Monday, the request for suspension. Then you will know lo.

Posted by Ari_CPO > 2016-03-11 14:06 | Report Abuse

so, from your sighting, what is the estimation price will be?

Posted by riskabsorber > 2016-03-11 15:02 | Report Abuse

My opinion does it matters to you ? Better you ask Martin for TP based on his TA.

Posted by Ari_CPO > 2016-03-11 15:38 | Report Abuse

I like your comprehensive comment and research....no others mean

Posted by riskabsorber > 2016-03-11 16:10 | Report Abuse

My opinion is the cancellation really unlikely. After GLand collected the balance of purchase price and pay the dividend. I foresee will have corporate exercise such as bonus issue or consolidation of shares to either RM0.50 / RM1.00 par value. Hence, I'm not worry to buy more even at this price. But, my entry price is much lower than current price la.

Posted by Ari_CPO > 2016-03-11 16:21 | Report Abuse

technical wise, its chart looks OK as well

Posted by riskabsorber > 2016-03-14 21:32 | Report Abuse

With the confirmation by AmInvestment. Tomorrow should be limit up.

AmInvestment Bank had, on behalf of GLBHD, applied for a waiver for GLBHD from being classified as an “Affected Listed Issuer” under Paragraph 8.03A of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) upon completion of the Proposed Disposal of which Bursa Securities had approved the said application.

Accordingly, GLBHD will not be classified as an “Affected Listed Issuer” under Paragraph 8.03A of
the Listing Requirements. For clarification, GLBHD will also not be deemed as a “Cash Company” under Paragraph 8.03 and Practice Note 16 of the Listing Requirements.

Posted by rica7894 > 2016-03-15 08:46 | Report Abuse

Finally,

7382 GLBHD GOLDEN LAND BERHAD
Special Single-Tier Dividend RM0.13

Entitlement Details:
Special Single-Tier Dividend of RM0.13 per ordinary share of RM1.00 each


Entitlement Type: Special Dividend
Entitlement Date and Time: 28/03/2016 05:00 AM
Year Ending/Period Ending/Ended Date: 30/06/2016
EX Date: 24/03/2016
To SCANS Date:
Payment Date: 12/04/2016

Posted by rica7894 > 2016-03-15 08:52 | Report Abuse

The Board will distribute the remaining RM0.75 per GLBHD Share after obtaining all requisite approvals for the Proposed Capital Repayment. Shareholders of GLBHD had at the extraordinary general meeting dated 29 October 2015 approved the resolution for the Proposed Capital Repayment. The Proposed Capital Repayment is currently pending confirmation by the High Court for the cancellation of GLBHD’s share capital and the approval/consent of the financiers/creditors of GLBHD, if and where required. Barring any unforeseen circumstances, the Proposed Capital Repayment is expected to be completed by the second (2nd) quarter of the year 2016.

Posted by riskabsorber > 2016-03-15 10:28 | Report Abuse

Previously, investors are worried about the listing status which will fall under cash company PN16. However, based on the justification from the management below, GL still own 339 ha plantation land in Sabah and plenty of land to be planted in Indonesia. For Property Development segment, one of the director is from UEM and would contribute positively in know-how and even JV with UEM in the near future to expand their business in Property Development. This is what I would relate for. The future value would be higher than current price 2x.

1) Plantation segment

Post disposal, GLBHD still owns approximately 339 ha plantation land in Sabah and has the rights to develop oil palm plantation on 8,157 ha land in Indonesia under Hak Guna Usaha status. In addition, GLBHD has obtained permits for plantation development (Izin Usaha Perkebunan) on 30,606 ha Location Permit (Izin Lokasi) land in Indonesia whilst another 2,387
ha land in Indonesia is under application for Hak Guna Usaha status.

As at 29 February 2016, GLBHD Group has planted 2,520 ha of the plantation land in Indonesia with oil palm trees. The oil palm trees were planted progressively since 2013 and are expected to mature by year 2018 as oil palm trees are expected to mature by the fourth (4th) year from planting. Moving forward, the Group will continue to expand its oil palm plantations in Indonesia over the next five (5) years.

2) Property Development Segment

GLBHD Group had in September 2015 completed its maiden property development project comprising 43 units of commercial shop lots with a built-up area of 5.19 acres and a gross development value (“GDV”) of RM52 million, namely “Midtown Signature Offices” in Sandakan,
Sabah. For the 6-month financial period ended 31 December 2015, 5 units were sold at RM6.2
million and contributed RM2.2 million to the PAT. There are 25 remaining unsold units as at
31 December 2015.

GLBHD Group also has a joint venture property development project in Kota Kinabalu (with a
RM150 million GDV) with the mayor of the city of Kota Kinabalu wherein GLBHD has a 60%
ownership (“Sinsuran Project”). Sinsuran Project involves the development of a commercial
centre with an estimated built up area of 86,020 square feet. Subject to all necessary
approvals being obtained and preparation work being completed, it is the GLBHD Group’s
intention to commence work on the Sinsuran Project by mid-2016. The Sinsuran Project is
expected to be completed over a period of three (3) years.

Posted by Ari_CPO > 2016-03-15 10:49 | Report Abuse

excellent! it has happened as what you are expected!

Posted by cheoky > 2016-03-15 11:04 | Report Abuse

share price seems like stagnant.....

Posted by riskabsorber > 2016-03-15 11:19 | Report Abuse

Now I'm waiting another good news from the directors. Which is to develop 20.5 acres of vacant land in Penang, that piece of land's NBV was RM7.8mil or RM380k per acres or RM8.8 per sq ft. If based on the current market value, it should be worth RM40mil / 20 sen per share.

Posted by Ari_CPO > 2016-03-16 16:23 | Report Abuse

bravo!

Posted by 891088 > 2016-03-17 07:34 | Report Abuse

Gd new coming

Posted by martinbartesque > 2016-03-20 17:46 | Report Abuse

If not mistaken, the 0.13 special dividend is not deducted from share price. With share price of 1.59, this 0.13 dividend will give 8.17% return.

Posted by martinbartesque > 2016-03-20 17:46 | Report Abuse

Is my above statement correct?

Posted by riskabsorber > 2016-03-20 20:50 | Report Abuse

Special dividend is subjected to price adjustment. Capital reduction of 75 sen will not destroy the value of the company due to capital reduction/repayment is from the share capital, whereas special dividend or other form of dividend will be paid from the reserves.

Posted by Tipster > 2016-03-21 18:01 | Report Abuse

everything the co. gives you will be deducted from the share price.

Posted by riskabsorber > 2016-03-22 10:01 | Report Abuse

Tipster, true. Everything the co. gives you will be deducted from the share price. However, just want to clarify how much value left after all the corporate exercise. Based on the current share price of RM1.60 and market capitalization of RM356.66mil deduct the special div of 13 sen and capital repayment of 75sen which is total RM190.66mil, balance is RM166mil. Bear in mind that the company still left RM190mil for working capital, with the land use right and land to be planted of around RM50mil. The share price should be reflected after the capital repayment.

Posted by Ari_CPO > 2016-03-23 15:17 | Report Abuse

oh....oooo.....terbalik jalan

Posted by Khoo Peng Soon > 2016-03-24 09:23 | Report Abuse

can buy this stock now? sry newbie here...

Posted by Ari_CPO > 2016-04-05 09:50 | Report Abuse

couple weeks ago you had mentioned good news coming...

Posted by CUTLOST > 2016-04-10 17:35 | Report Abuse

Uptrending soo.

Posted by Ari_CPO > 2016-04-11 15:21 | Report Abuse

good news again??