Yes, not surprise if sudden MGO as current major shareholder only holds below 33%. They are trying to be company to buy over land for almost RM1bil. First attempt fail. Now second attempt with reduced price. If fail again, sure then will just privatize
Work Ministry said Highway with 80% progress work completed can still continue work. Ekovest major construction work is DUKE 3 which is more than 90% complete
I rmbr back in Aug 2020 when I buy in ECOWLD. Everybody was telling me the company gonna go bankrupt. But I continue to accumulate at low price. And I manage to cash out at 0.70. Every company is different. You need to do your own research. To me NTA, Company strength, Management capabilities, Products, Cash Flow are all important. For EKOVEST. I will continue to collect in batch. Based on my own POV.
I heard there is a proposal for a merger with IJM & IWH. It will also involve Ekovest. Unlikely for privatization. But Ekovest will be turned into a highway cashcow. DUKE + IJM highway
Good news..... Ekovest terminate RM1b land purchase from LKH related company. This is the main problem which cause share price to be low. Good decision!!!
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") We refer to the announcement on 5 April 2021 in relation to the Proposals (“Announcement”). Unless otherwise stated, all terms used in this announcement shall have the same meaning as defined in the said Announcement.
On behalf of the Board, MIDF Investment and Astramina Advisory wish to announce that in view of the uptick COVID-19 cases and nationwide lockdown in Malaysia, Ekovest, IWH and TTSB have vide letters of termination dated 4 June 2021 mutually agreed to terminate the SPA 1 and SPA 2.
The parties to the respective SPAs mutually agree to fully release and discharge each other from all their respective obligations and liabilities under, arising from or in connection with the SPAs and agree that neither party shall have any claims whatsoever against the other in respect of the same, including but not limited to any antecedent breach, if any, of the SPAs.
Ekovest Bhd has aborted plans to purchase the 96.27 acres of freehold land in Pulai, Johor for RM944.62 million from Iskandar Waterfront Holdings Sdn Bhd (IWH) for the second time. The group cited the rising Covid-19 cases and nationwide lockdown as justification for the decision
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....
Steady Punpipi
7,570 posts
Posted by Steady Punpipi > 2021-05-30 20:01 | Report Abuse
LKC cannot manage Ekov better let those who can