Its true, I've been to several EW galleries and launch events - even hot cakes probably doesnt move so fast! Not to mention their customer service is the best i've seen from any Msian property developer
There's a reason ppl are willing to pay the Tan Sri LKS premium Lol!
KUALA LUMPUR: Eco World International Bhd (EWI) has received the Securities Commission’s approval for its initial public offer (IPO) to list on the Main Market of Bursa Malaysia Securities Bhd. It said on Thursday the proposed IPO will involve the issuance of up to 2.153 billion new RM1 shares in EWI representing up to 89.7% of its enlarged issued and paid-up share capital.
The property company said there would also be a bonus issue of up to 960.0 million free warrants in EWI on the basis of two warrants for every five Shares held after the IPO.
EWI executive vice chairman Tan Sri Liew Kee Sin said the approval of the SC is a significant milestone in EWI’s journey to become a listed entity.
“We look forward to completing the whole exercise by mid-2016. Once we are listed we will be placed on a much stronger footing to grow our business internationally and take advantage of attractive new development opportunities which may be presented to us both in the UK and Australia,” he said.
EWI said proceeds from the proposed IPO will be utilised by EWI primarily to provide on-going working capital for the group’s projects in the UK and Australia and to repay borrowings undertaken to part-finance amongst others, land and related acquisition costs and project development expenditures.
EWI’s projects in London, UK and Parramatta (West Sydney), Australia have garnered cumulative sales of £712.5mil as at Jan 31, 2016.
They include London City Island Phase 2 in East London which achieved sales of £273.9mil since its launch in May 2015; Embassy Gardens Phase 2 in Nine Elms recorded total sales of £120.8mil following its launch in September 2015; Wardian London, which is next to the Canary Wharf, London, which was also launched in September 2015, secured £186.4mil in sales; and West Village, Parramatta is close to 90% sold with A$265.6mil (approximately £131.4mil) in sales obtained since its launch in June 2015.
Eco World confident of hitting RM4bil sales target
KUALA LUMPUR: Eco World Development Group Bhd (EW Bhd) is confident of meeting its sales target of RM4bil for this financial year (FY) ending Oct 31, 2016.
The property developer, which recorded RM3bil in sales in FY15 and had maintained its sales target of RM4bil this year despite external headwinds, said in a statement that its confidence was based on strong year-to-date group sales of RM607.8mil achieved as at Feb 29 and positive reception to the recent unveiling of its strata offices at Bukit Bintang City Centre (BBCC).
BBCC is an RNM8.7bil mixed development project on the former Pudu jail site. It was reported that the first phase, which has a gross development value (GDV) of RM1.4bil, will comprise a shopping mall, four-star hotel, strata office and two blocks of serviced apartments
Bad news!!!!right issue coming!!!!no money but big mouths talk.....now all ikan bilis going suffer lo!!!tp1.0 for sure this time!!!!hopeless donkeys!!!
cash call confirmed, need more money to expand business ..... time to contribute (donate ?) , already more than 2 billion shares issued, still not enough ??
The big issue is the EW not enough fund to subscribe 30% IPO EWI share...but oledy "big mouths talk"...more over bbcc n johor sales respond very slow down so EW got no choice need right issue lo...will drop further more...
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....
warrior
609 posts
Posted by warrior > 2016-04-06 11:38 | Report Abuse
think about oppurtunity cost , not patience.