IVORY PROPERTIES GROUP BERHAD
KLSE (MYR): IVORY (5175)
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Last Price
0.04
Today's Change
0.00 (0.00%)
Day's Change
0.04 - 0.04
Trading Volume
85,000
IPO Info
Offer Period
Opening
2010-07-12
Closing
2010-07-12
Time Table
Allotment Date
2010-07-27
Listing Date
2010-07-28
Price
Issue Price
1.00
Units
186,000,000
Share Capital
0.000
No of Shares
Public Issue
44,899,000
Offer for Sale
16,170,000
Private Placement
34,029,000
Issuing House
MIH 491
ISIN Code
MYL5175OO004
Prospectus:
PUBLIC ISSUE OF 44,899,000 NEW ORDINARY SHARES OF RM0.50 EACH
COMPRISING:-
- 9,300,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
- 1,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES OF OUR COMPANY AND OUR SUBSIDIARIES;
- 34,029,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS; AND
- 570,000 NEW ORDINARY SHARES OF RM0.50 EACH TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
AND
OFFER FOR SALE OF 16,170,000 ORDINARY SHARES OF RM0.50 EACH TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY.
AT AN ISSUE/ OFFER PRICE OF RM1.00 PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION PURSUANT TO OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
IVORY-NoticeOfProspectus (47KB).pdf
IVORY-Cover to Page 145 (2.9MB).pdf
IVORY-Page 146 to Page 395 (2.8MB).pdf
IVORY-Page 396 to Page 630 (2.7MB).pdf
IVORY-Page 631 to Page 772 (1.7MB).pdf
IVORY-NoticeOfProspectus (47KB).pdf
IVORY-Cover to Page 145 (2.9MB).pdf
IVORY-Page 146 to Page 395 (2.8MB).pdf
Discussions
8 people like this. Showing 50 of 3,166 comments
Moon ! Very cheap now !
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3279832
2022-07-31 10:21
Ivory property no buyer dare to buy anymore
See u at 0.5 cent guy
Yahooo... muflis dato low
2022-08-07 16:52
Luckily i do t hv any stock of ivory
Hope it will drop few more cent only to 0.5c
2022-08-07 16:53
Chin Hin and Ivory Properties to develop Crown Penang, to launch in 2Q2024
KUALA LUMPUR (May 3): Chin Hin Group Property Bhd, via its subsidiary Stellar Platinum Sdn Bhd, signed a joint development agreement (JDA) with Ivory Properties Group Bhd, via its wholly-subsidiary Ivory Meadows Sdn Bhd, to develop the RM475 million Crown Penang, which is targeted for launch in 2Q2024. This will be Chin Hin’s first foray into Penang.
“At Chin Hin, we believe strongly in forging strategic partnerships to accelerate growth and value creation for our customers and shareholders. We are delighted to take another leap forward with our first foray into Penang’s exciting real estate market, which is expected to continue to trend upward post-pandemic,” said Chin Hin Group Property’s non-independent non-executive director Datuk Seri Chiau Beng Teik.
Ivory Properties Group Bhd’s chairman and independent non-executive director Datuk Abdul Malik Abul Kassim said the partnership marked a significant milestone for both parties and he is confident about the success of the collaboration.
Under the JDA, Stellar Platinum will fund the entire Crown Penang project costs through capital injection, internal funds and secure financing facilities, while Ivory Meadows will manage the development of the project including planning, construction, as well as marketing and sales. Stellar Platinum will seek a collaborative partner to take up 30% of its stake.
Crown Penang comprises 588 units within a 41-storey tower, and its units will feature smart-home technology in an urban resort setting. The units have built-ups from 495 sq ft to 1,367 sq ft, with studio to three-bedroom layouts. The units have an indicative selling price of RM620,000.
It will have a double-storey rooftop facilities desk, which “crowns” the residential tower and is located on the last plot of seafront land of Seri Tanjung Pinang 1. The development is located adjacent to the up-and-coming Gurney Wharf, a 60-acre waterfront public recreation area park by the Penang state government, and will be linked via the Penang Outer Ring Road. The development is targeted to be completed in 2027.
Nearby amenities include Lotus’s Tanjung Pinang, Straits Quay Retail Marina and a waterfront promenade, which will be in walking distance. A short drive away will allow residents to find banks, shopping malls, medical centres, schools, wet markets, restaurants, coffee shops and hawker centres.
The design and concept of Crown Penang was done with collaborative efforts of Quintrix Architects, Chaos Design Studio, Sputnik Forest Labs, Permata Green and Arup.
https://www.theedgemarkets.com/node/665538
2023-05-04 02:14
Thank the miracle of social media, Crown Penang got video : https://www.crownpenang.com/
2023-05-08 16:47
no volume, no people interest on it, when it the PN17 deadline? if no better project, then company will delist by PN17, correct?
2023-05-24 15:33
only this property stok still sleep....the other flyy already....watch this stock
2024-01-04 11:47
please check the latest announcement. Still not too late to collect. Far below NTA
2024-01-05 22:25
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