MUI / Khoo Kay Peng

Re: Malayan United Industries

Postby winston » Thu Aug 27, 2015 9:20 pm

vested

Quarterly Rpt on consolidated results for the financial period ended 30 Jun 2015

Revenue: -8%

Loss -$0.56 per share

http://www.bursamalaysia.com/market/lis ... ts/4835621
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Re: Malayan United Industries

Postby winston » Sat Sep 12, 2015 8:19 pm

vested

Pan Malaysia Holdings

MUI wishes to announce that the Vendors and the Purchaser had on 10 September 2015 mutually agreed to extend the Cut-Off Date to fulfil the Condition Precedent for a further period of one (1) month commencing from 12 September 2015 and expiring on 11 October 2015.
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Re: Khoo Kay Peng

Postby winston » Wed Oct 21, 2015 9:04 am

Laura Ashley boss and his estranged former Miss Malaysia wife 'have spent £5million on divorce lawyers as they battle for his £440m fortune'

Couple have five children but are now embroiled in a divorce battle
Ms Chai wants the case to be heard in London, but Dr Khoo says it should be in Malaysia where the couple are originally from
Ms Chai has run up £3.5m in legal bills and Dr Khoo has spent £1.5m

By LUCY CROSSLEY

Source: Daily Mail

http://www.dailymail.co.uk/news/article ... z3p9yjNatW
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Re: Khoo Kay Peng

Postby winston » Sat Dec 19, 2015 1:20 pm

Laura Ashley boss loses the latest round of his court battle with his estranged former Miss Malaysia wife over his £440million fortune

Dr Khoo Kay Peng and Pauline Chai were married for more than 40 years

The couple have five children but are now embroiled in a divorce battle

Ms Chai wants the case to be heard in London, but Dr Khoo says it should be in Malaysia where the couple are originally from

Today, the Court of Appeal ruled that the case should proceed in England

By WINNIE AGBONLAHOR

Source: Daily Mail

http://www.dailymail.co.uk/news/article ... rtune.html
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Re: Khoo Kay Peng

Postby winston » Fri Jan 08, 2016 9:16 am

Former Miss Malaysia is finally granted divorce from Laura Ashley boss husband after three-year court battle over £440million fortune

Pauline Chai, in her late 60s, and Khoo Kay Peng, 77, were married for 43 years
Three year battle over whether English or Malaysian courts will divide assets worth an estimated £440million
Legal fees have so far cost an estimated £5 million
Decision means the financial assets will be split under English law

By ISABEL HUNTER

Source: MAILONLINE

http://www.dailymail.co.uk/news/article ... z3wbwjoguH
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Re: Khoo Kay Peng

Postby winston » Sat Jan 09, 2016 4:31 am

London court grants divorce to former beauty queen

BY D. KANYAKUMARI

PETALING JAYA: A London court has granted a preliminary divorce decree to former Miss Malaysia Pauline Chai (pic), which entails that she will be entitled to half her billionaire husband's Tan Sri Khoo Kay Peng's RM2.8bil fortune, once the marriage is officially dissolved.

British portal MailOnline reported that this entailed that Chai would be entitled to half of Khoo's RM2.8bil fortune.

Judge Stephen Alderson, who heard the case, granted the decree nisi at the Central Family Court in London on Thursday.

A decree nisi does not terminate the marriage, and six weeks have to pass before an application can be made for a decree absolute, the legal document which officially ends a marriage.

The couple have been in dispute over the divorce for almost three years and have since spent a total of RM33.1mil in legal fees alone.

Khoo and Pauline were married for 43 years when Chai filed a divorce in Britain on Feb 14, 2013.

Chai had also requested for her case to be heard in Britain as the matrimonial settlement would be much smaller if the case was heard in Malaysia.

The Court of Appeal, which initially decided that the case could not be heard in Britain, later allowed it.


Source: The Star
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Re: Malayan United Industries / Khoo Kay Peng

Postby winston » Tue Mar 08, 2016 11:33 am

Feb 12, 2016

Court orders Laura Ashley boss to settle 'titanic' divorce case

Khoo Kay Peng ordered to make offer to Pauline Chai to end legal battle that has already cost £6.1m

The 21-day ultimatum delivered by Mr Justice Bodey was said by Pauline Chai’s lawyers to be the first time an English family court had used its powers to force a claimant to “lay out his stall”.


The gulf between the parties means there will have to be costly investigations to establish the true extent of his wealth – unless they reach agreement.


Source: The Guardian

http://www.theguardian.com/uk-news/2016 ... vorce-case
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Re: Malayan United Industries / Khoo Kay Peng

Postby winston » Sat Mar 19, 2016 7:28 am

vested

MUI’s transformation is anchored on strategy of ‘less is more’

BY GURMEET KAUR

Should the sale to Dr Yu go ahead, proceeds from the divestment of PM Holdings are expected to further lower MUI’s borrowings from RM898.04mil as at Dec 31, 2014.

Its total borrowings as at Dec 31, 2013 stood at RM970.3mil, while its gearing stood at 1.15 times in 2014 and 1.25 times in 2013. In 2010, borrowings stood at RM1.187bil.


MUI has good landbank mainly in prime locations that has not been revalued for many years.

Its crown jewel is the 390-room hotel known as Corus Hotel Hyde Park at Lancaster Gate, London, which sits on 21,640 sq ft of freehold land and carries a net book value (NBV) of only RM257.5mil. MUI bought the property in 2001.

Locally, MUI’s Corus Hotel in Jalan Ampang sits on 78,500 sq ft of land opposite the Petronas Twin Towers and is carried at an NBV of RM60.5mil, or RM770 per sq ft. On the other hand, land in the KLCC vicinity has reached as high as RM3,000 per sq ft.

It is estimated that the Corus Hotel in Jalan Ampang if pulled down to be redeveloped could fetch a gross development value of close to RM2bil.


MUI shares last traded at 18 sen, giving it a market capitalisation of RM527.86mil.


Source: The Star

http://www.thestar.com.my/business/busi ... s-is-more/
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Re: Khoo Kay Peng

Postby winston » Thu Apr 28, 2016 4:24 pm

Lawyer: Tycoon-beauty queen divorce to continue in Malaysia

BY IDA LIM

Source: Malay Mail

http://www.themalaymailonline.com/malay ... Wl4W0.dpuf
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Re: MUI / Khoo Kay Peng

Postby winston » Mon Sep 05, 2016 8:37 pm

vested

Consolidated results for the financial period ended 30 Jun 2016

Revenue: -4% (4Q)
Losses
NAV: 0.2429

http://www.bursamalaysia.com/market/lis ... ts/5193813
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