Showing posts with label KrisAssets. Show all posts
Showing posts with label KrisAssets. Show all posts
Tuesday, February 7, 2012
KrisAssets Feb 2012
It is likely to inject its two retail assets in Mid Valley City the Mid Valley Megamall and The Gardens shopping mall into a retail real estate and investment trust (REIT) in 2012. An industry source said the company had already engaged a merchant bank to look into the REIT exercise. The two assets have an estimated total asset value of close to RM4bil which makes KrisAssets a strong candidate to sponsor a REIT to unlock the value of its assets for its shareholders.
Sunday, August 14, 2011
JIT News - POS,Ramunia,MEGB,Star,MBSB,IGB/KrissAssets .... 21/2/2011
POS: Khazanah has entered into the second stage of the divestment process of its 32.21% stake in POS, starting with the restricted tender process for bidders.
DRB-Hicom,SapCrest,Ekuinas,Scomi Group,Konsortium …
Ramunia is in talks with Coral Allinace Sdn Bhd (Linked to BLD) – believed to be linked to Tengku Ibrahim Petra and Robert Lee, former director of Petra Energy Bhd – for a possible synergistic tie up or even an acquisition of the latter … through the issuance of shares. A JV or an acquisition of Coral Alliance by Ramunia will benefit the latter as Coral Alliance is said to be the fronrunner for a hook up and topside maintenance contract from Petronas.
MEGB: Masterskill Education Group Bhd group chief executive officer Datuk Seri Edmund Santhara is considering to up his stake in the group. Anything below RM2 doesn't justify keeping the company listed.
AHB: Speculation that AHB is bringing in a financially strong white knight to implement the compensation scheme the next course of action that the minorities shareholders have in mind.
Star: Star Publications’ cash pile will shrink substantially after paying the hefty special dividend that it declared in Oct 2010. There has been market talk Star is likely to raise rm600 million to rm700 million.
MBSB: The rights issue proposed by MBSB means its major shareholders, the EPF is prepared to pump in more money into MBSB. That being the case, it would to a large extent halt speculation that the EPF is divesting its stake in MBSB. Such speculation should not come as a surprise as the EPF controlled MBSB has improve its performance in recent years. But with further upside anticipated, why would the EPF want to sell a stake in MBSB at this juncture?
IGB/KrisAssets: IGB is a big winner in this deal than its 2 75% owned subsidiary KrisAssets. The reasoning is that IGB is unlocking the value of its asset and will be cash rich with the proposed sale. Essentially, IGB is transferring the weight of the Gardens Mall off its balance sheet to KrisAssets. The proceeds would also come in handy to speed up the group’s asset acquisition or expansion plan – where it has been fairly quiet over the past few years – apart from fuelling investor expectations of a bumper dividend. IGB will still have exposure to the steadily growing cash flow of Gardens Mall via its 75% stake in KrisAssets.
DRB-Hicom,SapCrest,Ekuinas,Scomi Group,Konsortium …
Ramunia is in talks with Coral Allinace Sdn Bhd (Linked to BLD) – believed to be linked to Tengku Ibrahim Petra and Robert Lee, former director of Petra Energy Bhd – for a possible synergistic tie up or even an acquisition of the latter … through the issuance of shares. A JV or an acquisition of Coral Alliance by Ramunia will benefit the latter as Coral Alliance is said to be the fronrunner for a hook up and topside maintenance contract from Petronas.
MEGB: Masterskill Education Group Bhd group chief executive officer Datuk Seri Edmund Santhara is considering to up his stake in the group. Anything below RM2 doesn't justify keeping the company listed.
AHB: Speculation that AHB is bringing in a financially strong white knight to implement the compensation scheme the next course of action that the minorities shareholders have in mind.
Star: Star Publications’ cash pile will shrink substantially after paying the hefty special dividend that it declared in Oct 2010. There has been market talk Star is likely to raise rm600 million to rm700 million.
MBSB: The rights issue proposed by MBSB means its major shareholders, the EPF is prepared to pump in more money into MBSB. That being the case, it would to a large extent halt speculation that the EPF is divesting its stake in MBSB. Such speculation should not come as a surprise as the EPF controlled MBSB has improve its performance in recent years. But with further upside anticipated, why would the EPF want to sell a stake in MBSB at this juncture?
IGB/KrisAssets: IGB is a big winner in this deal than its 2 75% owned subsidiary KrisAssets. The reasoning is that IGB is unlocking the value of its asset and will be cash rich with the proposed sale. Essentially, IGB is transferring the weight of the Gardens Mall off its balance sheet to KrisAssets. The proceeds would also come in handy to speed up the group’s asset acquisition or expansion plan – where it has been fairly quiet over the past few years – apart from fuelling investor expectations of a bumper dividend. IGB will still have exposure to the steadily growing cash flow of Gardens Mall via its 75% stake in KrisAssets.
Saturday, August 6, 2011
JIT News - Transmile,SapCrest/Kencana,KPS,Ramunia,KrisAssets.. 11/1/2011
Transmile Group: It is selling four of its aircraft to Federal Express Corporation for US$68 million (RM208.8 million) which would enable it to reduce its debts by 39% to about RM320.1 million. It has signed a sale and purchase agreement with FedEx to sell four MD-11F aircraft for US$17 million (RM52.2 million) each to be satisfied entirely in cash. The total disposal consideration for all the four aircraft would be US$68 million (RM208.8 million). With the completion of the proposed disposal and usage of the proceeds of US$68 million (RM208.8 million), the net amount of outstanding debt obligations to be restructured was expected to be reduced by up to 39% to RM320.1 million.
This is seen as a positive step and will go some way towards paring its outstanding borrowings that total nearly rm530 million, But it will be enough for the company to pull itself out of its dire financial predicament? Some are doubtful, noting that creditors may have to take a big haircut on their remaining debt, which will be sizeable rm320 million, as TGB has few prime assets. In terms of fixed assets, the company is believed to still have two aircrafts
While the disposal is expected to expidite the debt restructuring, the company is still in the midst of negotiation with its lenders and has yet to reach a consensus on a debt restructuring proposal which is expected to form a critical part of the regularization plan under its PN17 status. Hence TGB which has been in default on its debt for past three years, us unlikely to be able to submit a regularization plan by Feb 2011 deadline. TGB’s lenders have consented to the disposal while the high court had also granted an order for the disposal.
SapCrest/Kencana: Both are in the running to bag major oil and gas contracts for the development of marginal oil fields, expected to be announced by PM Datuk Seri Najib today (11 Jan 2011). This contract could be worth rm3.07 billion.
KPS/KHSB/JAKS: KPS has received the conditional offer by MB to acquire all the voting shares in Abass for rm9.39 a share and all voting shares in Splash at cash offer of rm5.95 a share.
Ramunia: It has confirmed that it is in preliminary talks to acquire an equity stake in Syarikat Borcos Shipping Sdn Bhd. Meanwhile, Ramunia said that it still participate in bids as permitted in the Petronas license issued to its subsidiary. The license ws renewed in June 2010. Ramunia has two months to submit its regularization plan to the authorities.
KrisAssets: Speculation that IGB will inject all its office and retail properties into KrisAssets in return for cash and Krisassets shares, and part of the KrisAssets shares are likely to be distributed via dividend in specie to IGB shareholders.
This is seen as a positive step and will go some way towards paring its outstanding borrowings that total nearly rm530 million, But it will be enough for the company to pull itself out of its dire financial predicament? Some are doubtful, noting that creditors may have to take a big haircut on their remaining debt, which will be sizeable rm320 million, as TGB has few prime assets. In terms of fixed assets, the company is believed to still have two aircrafts
While the disposal is expected to expidite the debt restructuring, the company is still in the midst of negotiation with its lenders and has yet to reach a consensus on a debt restructuring proposal which is expected to form a critical part of the regularization plan under its PN17 status. Hence TGB which has been in default on its debt for past three years, us unlikely to be able to submit a regularization plan by Feb 2011 deadline. TGB’s lenders have consented to the disposal while the high court had also granted an order for the disposal.
SapCrest/Kencana: Both are in the running to bag major oil and gas contracts for the development of marginal oil fields, expected to be announced by PM Datuk Seri Najib today (11 Jan 2011). This contract could be worth rm3.07 billion.
KPS/KHSB/JAKS: KPS has received the conditional offer by MB to acquire all the voting shares in Abass for rm9.39 a share and all voting shares in Splash at cash offer of rm5.95 a share.
Ramunia: It has confirmed that it is in preliminary talks to acquire an equity stake in Syarikat Borcos Shipping Sdn Bhd. Meanwhile, Ramunia said that it still participate in bids as permitted in the Petronas license issued to its subsidiary. The license ws renewed in June 2010. Ramunia has two months to submit its regularization plan to the authorities.
KrisAssets: Speculation that IGB will inject all its office and retail properties into KrisAssets in return for cash and Krisassets shares, and part of the KrisAssets shares are likely to be distributed via dividend in specie to IGB shareholders.
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