Dutaland

Dutaland

Postby winston » Mon Sep 22, 2014 2:01 pm

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September 18, 2014

Support Line BY K.M. LEE

DUTALAND hit a high of 65.5 sen during intra-day session on renewed buying interest, the best since October 2011.

Based on the daily chart, prices are likely to face significant resistance at the 68-70 sen band followed by the 77-sen mark, a breakout of which would see upward momentum, en route to the 90-91 sen range.

Support is resting at the 59-sen level.

Source: The Star

http://www.thestar.com.my/Business/Busi ... port-Line/
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Re: Dutaland

Postby winston » Mon Sep 22, 2014 2:04 pm

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UOBKH pointed out that DutaLand is among the few that might still be keen to dispose its plantation assets in Sabah.

Back in 2011, DutaLand was in talks with IOI Corp for the disposal of its Sandakan estates at RM69,2994 per ha but no deal was concluded.

Source: The Star

http://www.thestar.com.my/Business/Busi ... d-Sarawak/
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Re: Dutaland

Postby winston » Mon Sep 22, 2014 2:05 pm

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September 12, 2014

Dutaland awarded RM61mil by high court

KUALA LUMPUR: Dutaland Bhd has been awarded a sum of RM61.2mil by the Kota Kinabalu High Court as damages to its subsidiary, UNP Plywood Sdn Bhd by Sabah Forest Industries Sdn Bhd.

In a filing with Bursa Malaysia, Dutaland said UNP’s solicitors had vide their letter dated Sept 11 informed that at the hearing held, the High Court had awarded the sum as damages to UNP with interest on the said sum at 8% per annum from June 1997 to February 2008 and thereafter at the statutory interest on the said sum from Feb 28, 2008 till the date of full and final settlement.

Source: The Star
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Re: Dutaland

Postby winston » Mon Sep 22, 2014 2:07 pm

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Saturday April 5, 2014

Compensation for Dutaland

PETALING JAYA: Dutaland Bhd has accepted RM49.5mil in compensation from the Lands and Surveys Department of Sabah, for the compulsory acquisition of a 99-year parcel of leasehold land in Kota Kinabalu.

The acquisition was made pursuant to Section 3 of the Land Acquisition Ordinance (Sabah Cap. 69) vide Gazette Notification No. 853 dated Nov 28, 2013 for the purpose of the extension of the Tanjung Aru Township in Kota Kinabalu, a statement to Bursa Malaysia said.

The Sabah land was acquired by the company in April 2007 for RM8.9mil.

Source: The Star
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Re: Dutaland

Postby winston » Mon Sep 22, 2014 2:09 pm

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January 13, 2014

Duta Equities raises stake in Dutaland to 10.22%

KUALA LUMPUR: Duta Equities Sdn Bhd has raised its stake in Dutaland Bhd to 86.51mil shares or 10.22% after the recent purchase of 16.905 million shares.

A filing with Bursa Malaysia showed the shares were acquired on Jan 9.

Dutaland group managing director Tan Sri Yap Yong Seong is deemed interest in the acquisition via his stake in Duta Equities.

His indirect stake totalled 325.43 million shares or 38.46% after the recent acquisition via Duta Equities and through his interest in Kenny Heights Development Sdn Bhd and Olympia Industries Bhd.

Source: The Star
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Re: Dutaland

Postby winston » Sat Aug 10, 2019 10:28 am

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In Dutaland’s case, the company’s net cash pile is 1.74x its market capitalisation and clearly a strong target to be privatised by its owners or for some other investors to make an offer for the company’s shares at a good premium to its market price.

After all, even if one were to make an offer at 1.5x its current market value, the cash inside the company more than enough to take the company private.

Dutaland emerged with its strong cash pile after it sold 11, 579 hectares plantation land located in Sandakan, Sabah to Boustead Plantation for RM750mil in May last year.

Source: The Star

https://www.thestar.com.my/business/bus ... WmgFMgp.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Dutaland

Postby winston » Sat Aug 10, 2019 10:28 am

not vested

In Dutaland’s case, the company’s net cash pile is 1.74x its market capitalisation and clearly a strong target to be privatised by its owners or for some other investors to make an offer for the company’s shares at a good premium to its market price.

After all, even if one were to make an offer at 1.5x its current market value, the cash inside the company more than enough to take the company private.

Dutaland emerged with its strong cash pile after it sold 11, 579 hectares plantation land located in Sandakan, Sabah to Boustead Plantation for RM750mil in May last year.

Source: The Star

https://www.thestar.com.my/business/bus ... WmgFMgp.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118518
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