Nothing to be concerned of. Just an internal restructuring exercising involving Hong Leong Group. The stake is still owned by related company of Hong Leong Group
Hi Warchest, if I understand it right, HL group still own the EWINT 27% stake right? Its just that they have internal restructuring exercise to move the stake of 27% from HL Company to GLL EWINT limited, which is still owned by HL boss right?
After i read it carefully, its actually a sell off from Quek of 27% stake, so Quek does not have a share in Ewint anymore?
But isn;t this is a losing position selling at current 50 sen, with IPO of RM1.20? Even at a discount from IPO of rm 1.20, their investment should be still significantly higher than current share price...and why do Quek sell it off? is he getting upset with TS LKS?
Who bought over that huge number of shares from Quek??
@warchest, I really salute your good observation and thanks for your explanation, I am agreed with you, it is really "Nothing to be concerned about " as it is just the Hong Leong group internal restructuring exercising only. If I am not mistaken, this off market trade was happen on 16th April (today date is 12rd May) , it was already almost one month passed and during this period it did not causing turbulent to the share price and and volume (but only saw share price moving slightly uptrend the volume also slightly increased). This was also not recorded as a Direct business transaction record. Happy investing.
Essentially, there is no change of ownership of the 27% equity stake. It is always owned by GLL EWI (HK) Limited and continued to do so. The change was the holding companies of GLL EWI, HL Holdings Sdn Bhd and Hong Leong Company (Malaysia) Berhad ceased to have "indirect" equity stake in EWINT due to internal restructuring exercise of Hong Leong Group.
However, it is still indirectly owned by Guoco Group Limited, Tan Sri' Quek Leng Chan, Kwek Leng Beng and their related companies.
Hong leong big boss won't be happy if Liew doesn't make the price go back to where it was in the IPO. He only loves winner and not loser. EWINT has big chance going up.
I think there is a hidden hand to stop the price of EWINT and ECOWORLD to move up, evertime there is a huge buying momentum due to good market sentiment, there will be a huge selling lots qeuing, either the main players do not want it up at this moment, or they seems to have other plan.
I think the big player i happy at 55sen+ at this moment, not much up and down. If you pay attention, even with good market sentiment, the huge selling calls will be qeuing there...
I am not sure if this is good sign or not, maybe they hold it for now while waiting COvid to fade away finally..
Thanks @Warchest @Turbo8672...you guys always there to enlighten us on positive development... Really hope it goes back to its IPO price and higher...:)
According to Zoopla uk sales transactions are set to reach 1.52 million this year (to Dec).Seem like Very huge total cases will be transacted this year.
In Jan 21, residential property transactions increased to 121k. If annualised will close to 1.5 million. As a matter of fact, Jan 21 transactions was 24% higher than Jan 20
In comparison of Malaysia, property transactions is on decreasing trend. In year 2019, 328 k was transacted and it dropped to less than 250 k in year 2020. Bear in mind, UK population is only double Malaysia but the property transactions is 6 times higher. And UK properties are not cheap
So strengthening pound or Aussie $ gd for EWI?? Should be right.? Sales are in Pounds, Profits in Pounds or Aussie $, translate into ringgit and remit back - higher values/possible higher dividends. Correct..? Or is this too simplistic an argument?
Thank you @warchest@kinuxian for your valuable comments and contribution.Do understand Its all came from yours study, analysis, experience and many many hard work. Nothing is free and you have "No obligation" at all to help others to achieve their goal and I Really appreciate and thanks both of yours comments all this while and hope others will do so with their study and comments beside critics and queries.
The market transactions reaching a record high of 183,000 in March. To average transaction from 5th April to 21 April (17days) is approximately 100,000 and above.
On course for one of the busiest years Buyers and investors are still scrambling for properties across the UK. The property market is even on course to have its busiest year since the financial crisis. And 2021 is looking to be one of the top 10 busiest years since 1959, according to Zoopla’s latest House Price Index.
Over 1.5m homes are set to change hands this year, which would be the highest level in 14 years. This is a whopping 45% more than in 2020. The search for space and the stamp duty holiday are leading this strong growth
@warchest, Indeed Very good and very fair comments, it's cover most of the espects and it's came from at lot of monitoring, hard work and analysis. Thanks.
Small investor like some of us should always work together to guard our interest and battle from those big retailers and main players. As we might always the last one who know the latest news and most of the time we are the one who hurts most. Good morning and Happy investing..
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Posted by warchest > 2021-05-12 19:39 | Report Abuse
https://www.theedgemarkets.com/article/hong-leong-group-moves-27-stake-eco-world-international-flagship-company-restructuring