Post Reply
1-20 of 166
Going concern assumption
During the financial period ended 31 March 2026, the Group reported a net loss before income tax of RM3.6 million and net cash generated from operating activities of RM3 millions. In addition, the net current assets of the Group of RM138.7 million and net assets of RM138.9 million as at 31 March 2026, includes inventory properties amounting to RM109.6 million, non-current assets held for sale amounting to RM199.7 million .
The ability of the Group to continue as a going concern is dependent on the successful completion of the sale and purchase agreement in respect of the sale of the Properties to a third party.
The above conditions and events indicate the existence of material uncertainty which may cast significant doubt on the Group&rsquo s ability to continue as a going concern.
Nevertheless, in the preparation of the financial statements, the Board of Directors of the Company believes that the use of the going concern assumption is appropriate after taking into consideration the following factors:
(i) The Board is of the view that the process of completing the SPA is administrative in nature and nothing has come to the attention of the Board and management that the SPA would not be completed within the next twelve months. In addition, management is continuing its negotiations with the purchaser for additional deposits. The total deposits received from the purchaser to date is RM98 million, representing approximately 27% of the total purchase consideration
(ii)The Group has submitted applications to two creditors to defer payments amounting to approximately RM9.7 million. Given that these creditors have previously granted instalment plans to the Group, the Board and management are of the view that the outcome of these applications will be favourable
(iii) Management is continuing its negotiations with a creditor to extend the payment period for an outstanding balance of approximately RM17.5 million owing to the creditor. The payment terms have been extended since prior years due to the continued delay in the re-opening of the Group&rsquo s retail mall
(iv) The Group has received a number of legal claims from several third parties. Based on legal advice from the Group&rsquo s lawyers, management is of the view that an outflow of resources embodying economic benefits is not probable
(v) Management is continuing its discussions with the Malaysian Anti-Corruption Commission (the &ldquo MACC&rdquo ) to seek the unfreezing of the Group&rsquo s bank accounts amounting to approximately RM3.0 million as disclosed and
(vi) The Board and management are of the view that the Group will have sufficient working capital to meet its obligations as and when they fall due based on a cash flow forecast for the next twelve months.
Financial Breakdown of Mustafa' s Deal
- Total Agreed Purchase Price: RM368 million.
- Aggregate Deposits Paid to Date: RM98 million (representing approximately 26.63% of the total price). This includes a sequence of progressive top-ups, the most recent being a payment of RM2 million.
- Remaining Outstanding Balance: RM270 million, which will be paid progressively as the deal moves toward final legal completion.
Based on Capital World Limited' s audited balance sheet, the net financial status (Total Assets minus Total Liabilities) after accounting for the remaining RM270 million balance will be RM142.54 million.
Because the outstanding RM270 million is already fully accounted for on the balance sheet as a non-current asset held for sale, receiving the cash will only change the composition of assets (shifting RM270 million from " assets held for sale" to " cash" ), leaving the total net equity unchanged.
Adjusted Financial Position
The consolidated financial status is detailed below in Malaysian Ringgit (RM):
| Financial Indicator | Current Status | Post-Transaction Adjustments | Final Balance |
|---|---|---|---|
| Total Assets | RM324.24 million | No Change (RM270M shifts from properties to cash) | RM324.24 million |
| Total Liabilities | RM181.70 million | No Change (The payment settles an asset sale, not a liability) | RM181.70 million |
| Net Financial Status (Assets - Liabilities) | RM142.54 million | No Net Change | RM142.54 |
Key Takeaways of the Cash Inflow
- Liquidity Boost: Capital World' s current cash and cash equivalents will instantly increase by RM270 million, radically improving its operational working capital.
- Debt Clearance Potential: The incoming funds grant the company substantial capacity to eliminate its existing RM181.70 million in total liabilities, which includes trade payables, provisions for liquidated damages, and joint-venture obligations.
- Net Asset Value: Total equity attributable to shareholders will stabilize securely at RM142.54 million, validating the company' s financial turnaround strategy that allowed it to resume operations.
The above have not taken into account the sales of balance retail units and potential development or sales of the 5 Tower!
Appointment Of Financial Controller - Mr. Tan Yu Heng (Previous Senior Finance Manager From Hatten Land Limited)
Entire Kampong Starts Moving Over!
Abit Sidetrack!
KAJ Development Had Given Approval By The Malaysia Government To Revitalise The Melaka Gateway Project, With Johor Sultan Having A 30% Stake!
https://melakagateway.com/
Among This Massive Project Is The Plan To Built & Operate The Melaka International Cruise Centre, Catering For Cruise Ship Visiting Malaka And Expect To Bring In 3.5 Millions Visitor Each Year!
https://melakagateway.com/pme-1/
Regarding the construction of the Cruise Terminal on Pulau Melaka, Abdul Razak said deve lopment work has commenced and recorded physical progress of around 5% As Of 9 December 2025!
https://www.facebook.com/TheStarOnline/posts/regarding-the-construction-of-the-cruise-terminal-on-pulau-melaka-abdul-razak-sa/1306332934862562/
Given Hatten Land Limited Was Recently Placed Under Judicial Management And Their Harbour City Project Left Hanging, The " Relevant Parties" Might Wanna Take Over To Complete The Project. (Given That The Building Is Near Completion And Can Buy The Abandoned Projects At Fire-Sales Price!)
https://hattengrp.com/property/harbour-city/
The 11-storey Capital City Mall is located in Johor Bahru&rsquo s Tampoi suburb and was completed in April 2018. It has 1,602 strata-title retail units with a total net lettable area of 902,994 sq ft. The mall is part of a freehold integrated development in Tampoi. The integrated development includes a 315-room hotel, an 18-storey tower with 630 serviced suites, and 690 serviced apartments spanning three blocks.
The assets sold by Capital World to Mustafa include 591 unsold retail units, 374 accessory parcels and 2,181 car parking spaces. The unsold retail units have a combined net lettable area (NLA) of 641,216 sq ft. The 374 accessory parcels, which include alfresco and multipurpose areas, come up to a total of 1.28 million sq ft.
According to Capital World, the proceeds from the sale will give the company &ldquo the financial muscle to build and complete these remaining components of the integrated development and pursue other real estate opportunities, including helping Mustafa identify potential sites in Malaysia and Indonesia to develop into mega stores&rdquo .
Other Than The Few Hundreds Sold To The Mixed Tenants And 591 Units Sold To Mustafa, Capital World Still Have A Substantial Number Of Unsold Units And Carpark Available For Sales!
Below Capital City 2016 Old Website For The Layout!
http://capitalcity.gomalaysia.com.my/en/about
He Definitely Had A Reason To Sell At A Loss, Despite The Rosy Outlook And Upcoming Pipelines Of Good New!
To Quote Previous Announcement
" Beyond Mustafa Centre, the Company is actively curating a diverse tenant mix spanning food and beverage, fashion, lifestyle, entertainment and essential services, with the aim of creating a vibrant retail ecosystem on par with the region&rsquo s most visited shopping destinations. Mustafa Centre is the ideal anchor to kickstart that transformation, and we are excited about the tenant announcements that will follow. The Company will provide further updates on the official opening date, additional tenant announcements, and pre-opening activities in due course. "
Who Would Wanna Buy High Sell Low, Given A Choice?
SmallSmall ( Date: 22-Apr-2026 10:09) Posted:
|
Have it ever occurred to you that he sold less because there are no buyers?
Cannot say he sell less because you think his need to raise cash has subsided lah.
On the flip side, I do agree the company is now is a much better position with Mustapha moving in in due course.
Cannot say he sell less because you think his need to raise cash has subsided lah.
On the flip side, I do agree the company is now is a much better position with Mustapha moving in in due course.
Volmax ( Date: 22-Apr-2026 09:28) Posted:
|
Mr. Chong Sold 55,000,000 Shares Recently. (30,000,000 shares on 20/04/2026 & 25,000,000 shares on 21/04/2026), Reducing His Shareholdings From 11.26% To 10.92%
Looks Like His Need To Raise Cash Had Subsided!
Buy 1
Sell 2
Chase 3
Add 4
All In 5
Stuck For 6 Moths
Cow Peh Cow Bu!
Typical Punter!
Datuk Wira Eric Tan (274,003,146 shares in own name - 1.70%) is the brother of Ms. Tan Ler Choo who is the Non-Indenpendant & Non-Executive Director of the Company. Aim Worldwide Group Ltd, who is a Substantial Shareholder (1,545,454,545 shares - 9.60%) of the Company, is wholly owned by Datuk Wira Eric Tan and family. Datuk Eric Tan shot to fame in Singapore in the mid-1990s when he acquired more than 30 properties and sites in Geylang, earning him the moniker ' Geylang king' . Present Directorship 1. Hatten Hotel International Sdn Bhd. 2. Omrui Advisory Pte. Ltd. 3. MDSA Alliance Sdn. Bhd. 4. MDA Assets Sdn. Bhd. 5. Tunas Binamas Sdn. Bhd. 6. Meta Silk Road Sdn. Bhd. 7. Aim Holdings Pte. Ltd. |
Capital City&rsquo s founder and former executive director Siow Chien Fu, previously owned 50% of the company through RTO of Terratech Group in 2016. Terratech issued 4.3 billion shares at seven cents (S$0.07) each to the shareholders of Capital City for their stakes in the company, valuing Capital City at S$300 million.
In Johor, Mr. Siow Chien Fu was the architect for various Carrefour, Giant and Tesco hypermarts, and the Batu Pahat shopping mall. Over the years, he has done work for big developers such as KSL, IJM, SP Setia, EcoWorld and UMLand.
He was also the managing director of Sunbuild Development (one of the developer of Capital City), another property developer in Malaysia. An architect by training, Siow received his degree in architecture from the University of Kansas in 1986.
Mr. Siow Chien Fu Is Currently The 16th Largest Shareholder Of Capital World Limited.
SIOW CHIEN FU - 50,745,713 - 0.32
(After Assignment of 661,000,000 shares in accordance with the settlement between Assignor, Siow Chien Fu, and Assignee, Chong Thim Pheng, reducing his holdings percentage from 4.42 to 0.32)
He officially resigned from Capital World Limited effective 31 January 2025 to pursue personal matters.
Mr. Low Chai Chong Is Capital World Limited 19th Largest Shareholders.
LOW CHAI CHONG - 37,113,883 - 0.23
Low Chai Chong currently works at Capital World Ltd., as Independent Non-Executive Chairman from 2019, Moya Asia Ltd., as Independent Director from 2011, Dentons Rodyk & Davidson LLP, as Director & Senior Partner from 1986, Moya Indonesia Holdings Pte Ltd., as Director, Rodyk Services Pvt Ltd., as Director, Eneco Energy Ltd., as Lead Independent Non-Executive Director from 2024, and Singapore Bar, as Member from 1986. Mr. Low also formerly worked at Pollux Properties Ltd., as Independent Non-Executive Chairman in 2021, China Gaoxian Fibre Fabric Holdings Ltd., as Non-Independent Non-Executive Chairman, Moya Holdings Asia Ltd., as Non-Executive Chairman from 2014 to 2019, TOTM Technologies Ltd., as Independent Non-Executive Chairman from 2022 to 2024, and OIO Holdings Ltd., as Independent Non-Executive Director in 2019. Mr. Low received his graduate degree in 1986 from National University of Singapore.
That' s Why Got Pennies & Micro-Pennies For Us To Play!
Big Fish Can Go Play Blue Chips!
superstartup ( Date: 17-Apr-2026 16:01) Posted:
|
Abit of Background Of Capital World Limited Substantial Shareholders!
Datuk Sri Winstedt Chong Thim Pheng Is The Second Largest Shareholder Of Capital World Limited. (Datuk Chong Is Currently Executive Chairman of Hotel Re! Pte Ltd & Formerly Served On Board Mahatten Resources (Now Metis Energy) As Executive Chairman.
CHONG THIM PHENG - 2,219,285,187 - 13.78
Datuk Chong Is Also The Fifth Largest Shareholder Of Wilton Resources.
CHONG THIM PHENG 100,005,605 3.81
Datuk Eric Tan Is The 9th Largest Shareholder Of Capital World Limited.
DATUK ERIC TAN ENG HUAT - 274,003,146 - 1.70%
And 10th Largest Shareholder Of Hatten Land Limited.
ERIC TAN ENG HUAT - 22,479,000 - 1.21%
With Hatten Holdings Pte Ltd Being The Second Largest Shareholder Of Hatten Land Limited.
HATTEN HOLDINGS PTE LTD - 177,091,508 - 9.54%
Another Datuk In Capital World Limited Is Singapore Philanthropist, Datuk Seri Toh Soon Huat JP, BBM, PVPA
https://sianchay.org.sg/en/singapores-great-philanthropist-toh-soon-huat/
https://www.gurufocus.com/insider/200999/toh-soon-huat
Datuk Toh Soon Huat Is Currently The 12th Largest Shareholder Of Capital World Limited.
TOH SOON HUAT - 105,003,400 - 0.65%
And 4th Largest Shareholder Of Hatten Land Limited.
TOH SOON HUAT - 60,975,000 - 3.28%
Datuk Toh Soon Huat Is Also The Second Largest Shareholder Of Accrelist Limited (Formerly We Holdings Limited)
TOH SOON HUAT - 34,887,630 - 10.91%
And Second Largest Shareholder Of Jubilee Industries Holdings Limited.
TOH SOON HUAT - 15,002,295 - 4.72
Datuk Sri Winstedt Chong Thim Pheng Is The Second Largest Shareholder Of Capital World Limited. (Datuk Chong Is Currently Executive Chairman of Hotel Re! Pte Ltd & Formerly Served On Board Mahatten Resources (Now Metis Energy) As Executive Chairman.
CHONG THIM PHENG - 2,219,285,187 - 13.78
Datuk Chong Is Also The Fifth Largest Shareholder Of Wilton Resources.
CHONG THIM PHENG 100,005,605 3.81
Datuk Eric Tan Is The 9th Largest Shareholder Of Capital World Limited.
DATUK ERIC TAN ENG HUAT - 274,003,146 - 1.70%
And 10th Largest Shareholder Of Hatten Land Limited.
ERIC TAN ENG HUAT - 22,479,000 - 1.21%
With Hatten Holdings Pte Ltd Being The Second Largest Shareholder Of Hatten Land Limited.
HATTEN HOLDINGS PTE LTD - 177,091,508 - 9.54%
Another Datuk In Capital World Limited Is Singapore Philanthropist, Datuk Seri Toh Soon Huat JP, BBM, PVPA
https://sianchay.org.sg/en/singapores-great-philanthropist-toh-soon-huat/
https://www.gurufocus.com/insider/200999/toh-soon-huat
Datuk Toh Soon Huat Is Currently The 12th Largest Shareholder Of Capital World Limited.
TOH SOON HUAT - 105,003,400 - 0.65%
And 4th Largest Shareholder Of Hatten Land Limited.
TOH SOON HUAT - 60,975,000 - 3.28%
Datuk Toh Soon Huat Is Also The Second Largest Shareholder Of Accrelist Limited (Formerly We Holdings Limited)
TOH SOON HUAT - 34,887,630 - 10.91%
And Second Largest Shareholder Of Jubilee Industries Holdings Limited.
TOH SOON HUAT - 15,002,295 - 4.72
https://capitalcity.com.my/home.php
From Capital City Old Website, The Three Developers Were Hatten Group, SunBuild Development & Gadang Holdings And One Of The Tower Was Hatten Hotel.
So Datuk Eric Tan Already Have Plan To Build & Own The Hatten Hotel Since Capital City Inception.
With Datuk Eric Tan Currently Being The Managing Director Of Capital World Limited And Mr. Yeo Being The Non-Executive & Independent Director, It Is No Surprise That The Hatten Group Might JV With The Upcoming Metrocon To Develope The Five Towers.
Just My Wild Guess Based On The Facts & Discoveries!
Not A Buy Call, Caveat Emptor!
With Datuk Eric Tan Currently Being The Managing Director Of Capital World Limited And Mr. Yeo Being The Non-Executive & Independent Director, It Is No Surprise That The Hatten Group Might JV With The Upcoming Metrocon To Develope The Five Towers.
Just My Wild Guess Based On The Facts & Discoveries!
Not A Buy Call, Caveat Emptor!
Cai Sheng Ye Give Money, Buy High Sell Low!
Thank You So Much.......
16 April 2026, Sold 155,786,250 Shares At 1 (S$155,786)
1 October 2025, Sold 150m At 1 (S$150,000)
22 July 2025, Bought 17m At 2 (S$34,000)
3 June 2025, Bought 15m At 2 (S$30,000)
3 April 2025, Bought 30m At 2 (S$60,000)
11 March 2025, Bouught 21.74m At 2 (S$43,480)
18 April 2024, Assignment of 661,000,000 shares in accordance with the settlement between Assignor, Siow Chien Fu, and Assignee, Chong Thim Pheng. (S$NA)