Global Oriental ( former Equine Capital )

Global Oriental ( former Equine Capital )

Postby winston » Wed Nov 05, 2014 9:17 am

JFApex Research said in Global Oriental, Datuk Choo Chuo Siang emerged as a major shareholder with 6.6% stake in the group.
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Re: Global Oriental

Postby winston » Wed Nov 05, 2014 9:18 am

not vested

Global Oriental to gain RM85mil

KUALA LUMPUR: Global Oriental Bhd expects to record net gain of RM85.22mil from the sale of 15.56 acres of land in Seri Kembangan, Selangor to a Singapore incorporated Qingdao Investment Pte Ltd.

Global Oriental said its unit was selling the two parcels of leasehold land to Summit View Development Sdn Bhd, a unit of Beverly Group Sdn Bhd, which is a wholly-owned subsidiary of Qingdao Investment.

Source: The Star
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Re: Global Oriental

Postby winston » Wed Nov 05, 2014 4:29 pm

Choo emerges as substantial shareholder in property company GOB
Sep 10, 2014

PETALING JAYA: Datuk Choo Chuo Siang, a non-executive director in Pavilion REIT, has emerged as a substantial shareholder in property company Global Oriental Bhd (GOB) with 14.9 million shares or a 6.55% stake.

According to separate filings with Bursa Malaysia yesterday, Choo is deemed to have an interest in GOB via Indera Muhibbah Sdn Bhd, which he acquired from Goh Chee Keen, Gan Wei Pin and How Wee Teck on Sept 3.

This resulted in Goh, Gan and How ceasing to be substantial shareholders of GOB.

GOB, formerly Equine Capital Bhd, is deemed linked to Pavilion REIT chairman Tan Sri Desmond Lim Siew Choon and tycoon Tan Sri Ta Kin Yan.

The company reportedly plans to kickstart more than RM2bil worth of developments next year.

It has work underway to develop 106 acres in Batu Kawan, Penang, with a gross development value (GDV) of RM662mil.

It is also in a joint development with Lembaga Getah Malaysia in Ampang, Kuala Lumpur, with a GDV of RM1.2bil.

Source: The Star
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Re: Global Oriental

Postby winston » Wed Nov 05, 2014 4:32 pm

Global Oriental hopes to raise RM113.7mil via rights issue
Tuesday, 25 February 2014

PETALING JAYA: Datuk Desmond Lim Siew Choon-linked Global Oriental Bhd, formerly Equine Capital Bhd, has called for a rights issue to possibly raise RM113.67mil for working capital and to pare down some of its debt.

The firm told Bursa Malaysia in a filing yesterday that the exercise came with a par value reduction of 50 sen per RM1 share.

The renounceable rights issue will involve the issuance of 227.34 million rights shares with 113.67 million free detachable warrants, on the basis of two rights shares and one warrant for every two Global Oriental shares.

The price for the rights issue has yet to be set, but assuming full subscription of the rights shares at 50 sen apiece, then Global Oriental could raise up to RM113.67mil in gross proceeds.

Of this amount, RM58.65mil is to be used to repay its borrowings, which totalled RM160.59mil as at last September, RM52.42mil for working capital and RM2.6mil for expenses incurred by the corporate proposals.

Following the cash call, Global Oriental said its gearing level was expected to dip to 0.03 time from 0.28 time.

The proposals are expected to be completed by the fourth quarter of this year.

Source: The Star
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Re: Global Oriental ( former Equine Capital )

Postby winston » Wed Nov 05, 2014 4:37 pm

Global Oriental in RM860mil property tie-up
4 May 2013

PETALING JAYA: Global Oriental Bhd (formerly Equine Capital Bhd) and its subsidiary have entered into a joint development agreement with Lembaga Getah Malaysia, for a mixed project with an estimated gross development value of RM860mil in Kuala Lumpur.

The development is expected to comprise inter-alia a corporate tower, an office tower, a residential tower, town villas, car parking lots complete with infrastructure and common facilities, and common services, Global Oriental told Bursa Malaysia.

The project was expected to contribute to the medium and long-term profitability of the group, the company said.

Source: The Star
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