Posted by aiaili > 2021-04-04 16:04 | Report Abuse

announcement is coming soon lol..

Posted by SWT1988 > 2021-04-04 19:31 | Report Abuse

Yes limit up soon.

Posted by williamtkb > 2021-04-04 20:26 | Report Abuse

Limit up? MRT 3 still far away... GE15 first

Posted by Steady Punpipi > 2021-04-05 09:02 | Report Abuse

Good news otw

Posted by Steady Punpipi > 2021-04-05 09:03 | Report Abuse

Ahhhh kick lai Liao ....fomo is coming in

Posted by Steady Punpipi > 2021-04-05 09:23 | Report Abuse

Investors from Sg and My supports ...come come

Posted by Steady Punpipi > 2021-04-05 09:24 | Report Abuse

Must break 0.50 to further the uptrend

Posted by Steady Punpipi > 2021-04-05 09:25 | Report Abuse

Dun be shy ...before offer ends ...lai lai ...kick lai liao

Posted by Steady Punpipi > 2021-04-05 09:29 | Report Abuse

Trust ...in Ekovest....0.50 breached !!!!

Posted by Steady Punpipi > 2021-04-05 09:31 | Report Abuse

Iwcity cathcing up with Big Bro Ekovest fast and furious ...kikiki

Posted by bullmarket1628 > 2021-04-05 10:10 |

Post removed.Why?

Posted by chesslim > 2021-04-05 11:17 | Report Abuse

today maybe close at 0.53

Posted by Steady Punpipi > 2021-04-05 11:54 | Report Abuse

TS LKH would like says Thanks A Million To all Ekovian loyal supporters especially those who Buy Q at 0.50...to show LKH gratitude an announcement on Mega BM project shall be out pretty soon !

Posted by aiaili > 2021-04-05 12:10 | Report Abuse

https://www.theedgemarkets.com/article/political-uncertainty-and-funding-constraint-remain-key-hurdles-mrt-3-say-analysts

Posted by SWT1988 > 2021-04-05 12:58 | Report Abuse

Yes, today will close above 0.50 n slowly up to 0.80

Posted by lambsauce > 2021-04-05 14:31 | Report Abuse

botak no energy, forever stuck 0.5

Posted by chesslim > 2021-04-05 16:37 | Report Abuse

Just buy at 0.50 - 0.505 , waiting it up in this week.

Posted by Steady Punpipi > 2021-04-05 17:49 | Report Abuse

Nice closing ..bye bye 0.50 ...next TP 0.55

Posted by freddiehero > 2021-04-05 17:50 | Report Abuse

yes bye bye..

Posted by SWT1988 > 2021-04-05 18:19 | Report Abuse

Yes bye bye. Next 0.60

Posted by aiaili > 2021-04-05 18:48 | Report Abuse

big announcement very soon..

Posted by aiaili > 2021-04-05 18:49 | Report Abuse

lol..

Posted by aiaili > 2021-04-05 18:59 | Report Abuse

btw stupiiid desperation escape lol..

Posted by Steady Punpipi > 2021-04-05 19:35 | Report Abuse

Sister Iwsiti need a hardpush to 0.50 ...oledi Laggard behind others...look at Ecoworld

Posted by aiaili > 2021-04-05 20:01 | Report Abuse

lol..

Posted by Striker90 > 2021-04-05 20:29 | Report Abuse

Hello uncle lim, ur land buy so expensive ah, I got good kang Tao. PM me if you interested, Jalan Ulu Pulai roadside 100 acre land 25rm per sqft want to let go. Price negotiable.

Posted by Striker90 > 2021-04-05 20:32 | Report Abuse

ICPS at 0.85 cents who goin to subscribe ya? Or you want make Ekovest limit up tmr? lol

Posted by roger3210 > 2021-04-05 20:37 |

Post removed.Why?

Posted by IdleMoney66 > 2021-04-05 20:38 | Report Abuse

hahaha...ICPS priced at 0.85? How confident uncle is toward his company??? who wanna go subscribe the ICPS?

Posted by Steady Punpipi > 2021-04-05 20:47 | Report Abuse

KUALA LUMPUR (April 5): Tan Sri Vincent Tan and his son Datuk Seri Robin Tan will step down from their executive roles at Berjaya Corp Bhd (BCorp), according to sources. At present, Vincent is the executive chairman and Robin is executive deputy chairman.

haha maybe Botak LKH and son resign from ekov and iwcity the share price will shoot up

Posted by IdleMoney66 > 2021-04-05 20:48 | Report Abuse

However, 9% discount from NTA

Posted by Steady Punpipi > 2021-04-05 20:53 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY") (I) PROPOSED ACQUISITIONS; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")

EKOVEST BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

(I) PROPOSED ACQUISITIONS; AND

(II) PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS "PROPOSALS")
On behalf of the Board of Directors of Ekovest ("Board"), MIDF Amanah Investment Bank Berhad("MIDF Investment") and Astramina Advisory Sdn Bhd ("Astramina Advisory") wish to announce that Timur Terang Sdn Bhd ("TTSB"), a wholly-owned subsidiary of Ekovest, had on 5 April 2021, entered into the following agreements:



(i) a conditional sale and purchase agreement with Iskandar Waterfront Holdings Sdn Bhd ("IWH") and Ekovest to acquire 17 parcels of freehold development land held under Title Nos. HSD 459 to HSD 475, Lot Nos. 3742 to 3758, all in the Mukim of Pulai, District of Johor Bahru, State of Johor, measuring approximately 32.49 hectares or 80.28 acres in aggregate ("Lands 1") from IWH for a total purchase consideration of approximately RM785.21 million ("Purchase Consideration 1") which will be satisfied in the following manner:



(a) approximately RM774.62 million through the issuance of 911,323,376 new irredeemable convertible preference shares in Ekovest ("ICPS") at an issue price of RM0.85 per ICPS; and



(b) approximately RM10.59 million in cash,



("SPA 1") ("Proposed Acquisition 1"); and



(ii) a conditional sale and purchase agreement with IWH to acquire 3 parcels of freehold development land held under Title Nos. GRN 90574, GRN 90575 and GM 1424, Lot Nos. 728, 729 and 4354 respectively, all in the Mukim of Pulai, District of Johor Bahru, State of Johor, measuring approximately 6.47 hectares or 15.99 acres in aggregate ("Lands 2") from IWH for a total purchase consideration of approximately RM159.41 million ("Purchase Consideration 2") which will be fully satisfied in cash ("SPA 2") ("Proposed Acquisition 2"),



(The Lands 1 and Lands 2, the Purchase Consideration 1 and Purchase Consideration 2, the SPA 1 and SPA 2, as well as the Proposed Acquisition 1 and Proposed Acquisition 2 shall hereinafter be collectively referred to as the "Lands", the "Total Purchase Consideration", the "SPAs" and the "Proposed Acquisitions" respectively).



In order to facilitate the issuance of the ICPS pursuant to the Proposed Acquisition 1, the Company also proposes to amend and/or include certain clauses in the existing Constitution of the Company ("Proposed Amendments").



Further details on the Proposals are set out in the attachment below.



This announcement is dated 5 April 2021

Posted by Steady Punpipi > 2021-04-05 20:59 | Report Abuse

0.85 LKH has given valuable Tips .....apa tunggu lagi ? Buy Buy or Bye Bye ... fomo will hold ..no 0.85 no Sell!!!

Posted by UPlanet > 2021-04-05 21:07 | Report Abuse

Buying land at JB??? Why not buying land at Bandar Malaysia???

Posted by Steady Punpipi > 2021-04-05 21:09 | Report Abuse

https://klse.i3investor.com/m/blog/powerinvestmenthouse/2020-08-23-story-h1512480316-THINK_ICPS_IS_ACTUALLY_BAD_FOR_INVESTORS_THINK_AGAIN.js

for sharing

Posted by UPlanet > 2021-04-05 21:12 | Report Abuse

JB nice houses 25x85 Taman U selling around Rm200k(KL already price Rm850k)!!! If no Singaporean or foreigners hunting for it, can up meh???

Posted by UPlanet > 2021-04-05 21:15 | Report Abuse

Why need left pocket sell to right pocket? So complicated! Left pocket develop yourself la!!! Coz left pocket no money? Thinking to use right pocket money to hold??? Sigh!!!

Posted by Steady Punpipi > 2021-04-05 21:18 | Report Abuse

Sunway to raise RM1.1 billion via issue of ICPS

now Sunway share price at 1.75 close to precovid price

Posted by IdleMoney66 > 2021-04-05 21:31 | Report Abuse

Uplanet..yes you are right. Only Ekovest can generate cash flow to LKH

Posted by MoneyMakers > 2021-04-05 22:11 | Report Abuse

Woww ICPS 0.85..time for us to limit up! Others all run up alrdy

Posted by twt001 > 2021-04-05 23:30 | Report Abuse

IWH (the private vehicle) of Lim Kang Hoo purchased the lands first, purchase not done and lands re-sold to listco Ekovest. Ekovest would issue a lot of ICPS to IWH (the private vehicle) at RM0.85 per share. Lim Kang Hoo would end up holding more Ekovest shares in the end of the day. All these are fine. But there is one condition precedent for IWH (the private vehicle) of Lim Kang Hoo which I don't quite understand i.e. "IWH having obtained the approval of the Securities Commission Malaysia for the initial public offering of IWH’s entire issued share capital on the Main Market of Bursa Securities".

Why ya?

Posted by twt001 > 2021-04-05 23:33 | Report Abuse

Read this article https://www.theedgemarkets.com/article/malaysias-iskandar-waterfront-targets-us12-bln-ipo-first-half-2021

Posted by Steady Punpipi > 2021-04-06 05:37 | Report Abuse

Ekovest revives land purchase deal with IWH at lower price of RM945 million
Arjuna Chandran Shankar
/
theedgemarkets.com

April 05, 2021 23:41 pm +08

Ekovest revives land purchase deal with IWH at lower price of RM945 million
-A+A
KUALA LUMPUR (April 5): Ekovest Bhd is purchasing a total of 38.96ha (96.27 acres) of freehold land in Pulai, Johor from Iskandar Waterfront Holdings Sdn Bhd (IWH) for RM944.62 million.

The related-party transaction comes after last month's aborted RM1.11 billion deal between the two groups. Both Ekovest and IWH are controlled by tycoon Tan Sri Lim Kang Hoo, who has stakes of 32.4% and 63% respectively.

In a bourse filing today, Ekovest said its wholly-owned unit Timur Terang Sdn Bhd will acquire 17 parcels of land, measuring 32.49ha, for RM785.21 million. This purchase will be satisfied through the issuance of 911.32 million irredeemable convertible preference shares (ICPS) at 85 sen apiece and RM10.59 million in cash.


Timur Terang will buy another three parcels of land, measuring 6.47ha, for RM159.41 million, which will be fully satisfied in cash.

As such, the ICPS portion of the purchase price is RM774.62 million, while the cash portion is RM170 million. This cash portion will be funded through a mixture of internal funds and/or bank borrowings, said Ekovest.

Each ICPS can be converted into one new Ekovest share. The ICPS price represents a 71.89% premium over Ekovest's five-day volume-weighted average market price until April 2 of 49.45 sen.

"The board also believes that the proposed acquisitions will augur well for the group and the future development of the lands is expected to contribute positively to the group's future earnings in the medium to long term and deliver sustainable growth to the group if the development components on the lands are planned properly," said Ekovest.

Ekovest said it is resorting to using ICPS to satisfy 82% of the total purchase consideration to minimise cash flow. Additionally, the staggered conversion of the ICPS would allow it to spread out the dilutive effects on the group's earnings per share and net asset per share over a decade to commensurate with the long gestation and/or development period for the lands.

"In this regard, the board is hopeful the future development profits arising from the development of the lands would help cushion the dilutive effects arising from the conversion of the ICPS," the group said.

Assuming all 911.32 million ICPS are exercised, Ekovest's share capital would increase to 3.61 billion shares, from 2.7 billion shares currently.

In November 2019, Ekovest signed an agreement to acquire 17 parcels of freehold land, measuring a total of 30.49ha, for RM869.69 million, to be satisfied through the issuance of ICPS worth RM849.89 million, and a cash payment of RM19.8 million. Ekovest also agreed to buy another three parcels of land, measuring 6.32ha, for RM180.2 million, to be fully satisfied in cash.

However, on March 22, the deal fell through.

As a consequence of the deal falling through, plans to float IWH on the local bourse have been delayed. The Edge reported that this has been delayed to the second half of 2021, from the first half as initially planned.

Shares in Ekovest closed 1.5 sen or 3.06% higher at 50.5 sen, valuing the group at RM1.36 billion. The counter saw 15.03 million shares done.

Posted by Steady Punpipi > 2021-04-06 05:44 | Report Abuse

Limit up soon to 0.85.....LKH oledi predicted future price of Ekovest ....take note ya

Posted by Steady Punpipi > 2021-04-06 05:45 | Report Abuse

Each ICPS can be converted into one new Ekovest share. The ICPS price represents a 71.89% premium over Ekovest's five-day volume-weighted average market price until April 2 of 49.45 sen.

Posted by Striker90 > 2021-04-06 07:24 | Report Abuse

71percent premium , laugh drop my teeth Hhaahaha

Posted by Steady Punpipi > 2021-04-06 07:29 | Report Abuse

Means no 0.85 no sell ...hahaha...buy buy or bye bye

Posted by williamtkb > 2021-04-06 07:33 | Report Abuse

Limit up?

Posted by Striker90 > 2021-04-06 07:41 | Report Abuse

Today if can Hit and close 0.60 aldy can buy roasted pig 拜天公咯

Posted by Steady Punpipi > 2021-04-06 07:43 | Report Abuse

Botak LKH oledi hinting double and a half limit up 71.89% premium given TP 0.850 hahaha for the coming ICPS price