MJPerak saw strong volume and price break out after 1 year of inactivity.
Event to take note
- On 23 February 2015, the Company announce that the Company has entered into a Sale and Purchase Agreement with Perak State Agriculture Development Corporation for the sale of leasehold land under PT 829, H.S.(D) 4413, Mukim Lenggong, Hulu Perak for total cash consideration of RM42,500,000. This amount is satisfied by cash.
- Perak will see more development in industrial, tourism and agricultural industry. Maju Perak Holdings Berhad is the master developer for the "Perak Halal Park" that is in Tanjung Tualang and Keramat Pulai. Both are segmented into zones - agriculture, industrial, commercial and residential, and designed to serve the halal industry locally and internationally.
Mjperak had turned around from being net debt of 16 million in FYE 2014 to a net cash of 10 million now. We expect the shareholder to see a special dividend from the proceed of the land sale.
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