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West Synergy is a property development company that launched the 2,000-acre Bandar Springhill township in 1997. The township is located between Seremban and Port Dickson, and includes residential, commercial, industrial, and recreational developments
sell 80m gain 40m, sell 400m gain 200m n plus 70m cash total 310m more the current market cap 280m..somemore company at net cash. Hope Thursday gap up 20%
Mr Michael Saw can stable this around price tuhan tolong lo....if have spcial dividend same ewint this kind pay maybe good some....sell place i feel outside have people known jo...didint stop time down back 0.435 and monday drow lai that...muiprop didint have less less aces jo....didint why i choose nice price drow de,but drow fail only.....this is my father live give me de.....
GAMUDA purchased the land from West Synergy Sdn Bhd, not MUI Properties.
MUI Properties annual reports 2024 directly owned Spring Hill land area as 4 million square meters = 1000 arces.
The 1,000 acres of land has not been sold yet. If one acre of land is worth about RM1 million, the market value of the 1,000 acres of land is about RM1 billion.
KUALA LUMPUR (Jan 1): Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years.
MUI Properties Bhd (KL:MUIPROP) executive chairman Boo Yeow’s latest deal saw the sale of a sizeable parcel of land near Port Dickson to Gamuda Bhd (KL:GAMUDA) for the latter’s data centre venture.
The 389.7-acre tract, which will fetch RM424 million in cash, is owned by West Synergy Sdn Bhd — a 60:40 joint venture between MUI Properties and Chin Teck Plantations Bhd (KL:CHINTEK). MUI Properties is the property arm of Kay Peng’s business empire that used to own MUI Bank Bhd in the 1980s, among others.
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When someone mentions Cyberjaya, many automatically equate it to technology and digital. This is because its origins date back to the nation’s Multimedia Super Corridor (MSC) initiative in 1997. This ambitious project is aimed at creating a high-tech environment to attract global tech giants, foster groundbreaking innovation and stimulate foreign direct investment (FDI).
A back-of-envelope calculation shows that MUI Properties’ wholly-owned unit Peristal Enterprise Sdn Bhd will receive roughly RM254 million from the land sale via its 60% stake in West Synergy.
The sum will boost MUI Properties’ net cash position to RM334 million, or 45 sen per share. MUI Properties’ share price ended the year at 37 sen, valuing the company at RM274 million. The stock has gained nearly 95% in 2024.
MUI Properties, however, does not intend to declare any dividend with the sale proceeds, according to its filing with Bursa Malaysia. It said the amount will be utilised for working capital and land purchase.
have net cash company,not must up de.....not so bad only......Mr Michael Saw say max around 60c,few years maybe can de.....hope only.if management good,% high up de,see time only,must have 1 day,but muiprop this kind management now,up % high is goreng only,easy down back only.....Hahahaha
