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18-11-2013, 09:42 AM
http://infopub.sgx.com/FileOpen/UOL_Sale...eID=264749
LKH has a 20% stake alongside with former delisted M'sia parent G Corp holding a balance 20% in the above site.
Based on the 2010 G-Corp GO documents for LKH, the following were the info:
- 2 parcels of freehold development land at Lot No. 111, Section 63 and Lot No. 112, Jalan Conlay, Kuala Lumpur
- 20% stake 172,143sf Vacant Land open mkt valued RM278.00 million - Share Revaluation Surpplus S$20.1m @ exch rate S$1:RM2.33
Assuming LKH also disposed its stake together with UOL, the surplus could be as follows:
RM568m @ 20% @ exchange rate S$1:RM2.57 = S$44.2m
Estimated historical book costs: S$3.77m
Current share of surplus: S$40.43 pretax or 5.47 cents per share
Vested
LKH has a 20% stake alongside with former delisted M'sia parent G Corp holding a balance 20% in the above site.
Based on the 2010 G-Corp GO documents for LKH, the following were the info:
- 2 parcels of freehold development land at Lot No. 111, Section 63 and Lot No. 112, Jalan Conlay, Kuala Lumpur
- 20% stake 172,143sf Vacant Land open mkt valued RM278.00 million - Share Revaluation Surpplus S$20.1m @ exch rate S$1:RM2.33
Assuming LKH also disposed its stake together with UOL, the surplus could be as follows:
RM568m @ 20% @ exchange rate S$1:RM2.57 = S$44.2m
Estimated historical book costs: S$3.77m
Current share of surplus: S$40.43 pretax or 5.47 cents per share
Vested