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They sold 24% left with 76%
ytoh1688 ( Date: 12-May-2015 09:33) Posted:
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hmm
believe they are looking for partners for their winterland project 2800 mil...think it will take a while looking at the size of the committment
rayoflight ( Date: 24-May-2015 13:37) Posted:
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Initially i thought KOP will become the next Centurion Global which also RTO via Sinobest tech. From 28c it went to 50c quickly..Also Han was invested the same way in Centurion and KOP.. Not sure whether to take up position and wait
If u believe in OCC, then i think $0.10 is a good buy. Reporters say until got dragon got phoneix but share price doesnt reflect the strength of OCC. All time low.. Btw KOP is like the sister of Lian Beng, KSH and Centurion.
http://business.asiaone.com/sme-central/news/gung-ho-image-helps-firm-net-winter-resort-project
The winterland project is really huge.. Like a potential Genting when it was 20-30c then shot up to $2 when its up and running..
But depends on what kind of patience u have.. 2018 is not too long later.. But seems like not much news on this project even though they said end of 2014 will commence
http://business.asiaone.com/sme-central/news/gung-ho-image-helps-firm-net-winter-resort-project
The winterland project is really huge.. Like a potential Genting when it was 20-30c then shot up to $2 when its up and running..
But depends on what kind of patience u have.. 2018 is not too long later.. But seems like not much news on this project even though they said end of 2014 will commence
you are allowed to dream
http://thepeakmagazine.com.sg/2015/01/ong-chih-ching-expands-kop-group/
northernlight is mentioned in there
there shall be no lack of funds...many potential partners within china itself.
i can assure you they are busy with the project now
disney shanghai cost US4.4bil and their' s cost US2.....so the scale is huge
who is russian business man?
Initially was to build was Winterland with Russian businessman? Now no news no nothing..
winterland sd be going ok....i believe OCC spend a bit of time in Shanghai.
location has been settled...heard its fairly close to shanghai disneyland
think initial study done and cost estimated out US2bill.....now is to find partners i believe
Most businessman pledge their shares to financial institutions to get loans. Many do not declare while some like ONG, Leny & KOPG are frank to declare it. That is their personal matters. The Scorpio bldg is mainly meant for industrial use and they do not need such a big bldg to house their mostly office workers. In fact they should rent or sold it. I don' t see too much problem in the AR report till date. Only things is there is hardly any news of any oncoming project or development (Winterland) or resort hotel acquisition and their share have drop by about 50%. Hardly like YuuZoo where there are plentiful news of potential billion dollars earnings. Vested a small sum.
I see it now
ytoh1688 ( Date: 20-May-2015 10:47) Posted:
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where are u seeing that they are selling scopio east building?
rayoflight ( Date: 19-May-2015 23:50) Posted:
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doing this to ensure they can keep Ritz Carlton service apt.
they r using KOP shares to raise money to tie them over as they still have 20-30 units of unsold Ritz apt
But this got nothing to do with KOP anymore....as we sold our share of Ritz to Royce at some profit last year. the transaction here in effect is a personal transation for ONG & Leny to raise funds to keep Ritz rolling...so they can offload at better price when eco recover later
Indeed their accounts are very messed up.. I read their financial report also feel messed up somewhere.
They are also looking to dispose off scorpio esst building to par down debt?
DYYOD
just quoting my 0.0001 cents. they are pledging it to draw a line so they can offload their properties and also lower the int rate. but don' t quote me
why they not able to get financing via other sources? Have to pledge their shares to uob?? If kena margin call jialat leh
http://infopub.sgx.com/FileOpen/KOP%20-%20Share%20Pledge.ashx?App=Announcement& FileID=352467
checked, good to go. my mistake on the ignorance of the purchase and sale.
indeed you are right. though i am not comfortable on their accounts still. the assets are there.
Prudential tower is on the market for sale
go spreak to CBRE and Saville who is marketing the project for Epic land
fundamentalhero ( Date: 12-May-2015 20:31) Posted:
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hmm okay. i believe you. when i got time i will check. no worries. your pointing out can teach me more than i go dig. that is the point for forum. am interested to buy few lots. just no time to research
i am quite sure this is what they have done.
They bgt 30 strata title ...so far they sold only 10-1,11-2,19-1,19-2 or 13.33%
They still have 26 strata title or 87% of it.....so yes they are still in prudential
This is a very lucrative deal for them....paid approx 512m....potential to make 110-120 mil...23% return
financing cost is neglible because prudential tower is 100% tenanted
even if they cannot sell all the remaining 26units....the tenancy rate is at 8-10 psf now vs the 7-8 psf when most of the lease was signed.
This investment is a no brainer for them