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Overview
Financial Highlight
HeadlinesNo recent Headlines for this stock. Business Background IGB Corporation Berhad is engaged in investment holding and property development. Its principal activities include property development, property investment and management, owner and operator of malls, hotel operations and construction. Through its subsidiaries, it operates in three segments: Property development, which is engaged in the development and sale of condominiums, bungalows, linked houses, shoplots and office suites; Property investment and management, which includes rental income and service charge from retail and office building, Hotel, which includes income from hotel operations. Other operations of the Company mainly consist of civil, building construction, investment holding and project management services. On January 12, 2010, it acquired Idaman Spektra Sdn Bhd. on January 28, 2011, it dissolved three subsidiaries: K Parking Sdn Bhd, Mid Valley City Residences Sdn Bhd and T-Bond Construction Sdn Bhd. In October 2011, it disposed 6.5% interest in Ipmuda Berhad.
  tipumakan this takeover only benefit Goldis shareholder. If still remember Kassets, this could happen to IGB also 07/11/2017 7:19 PM invest_101 Vote Yes and get the opportunity choose from 3 options depending on your analysis. If you think nta of Igb is high, then swap for Goldis which have an even higher nta. Good luck 09/11/2017 8:16 AM danny123 GOLDIS , PAY VERY VERY LITTLE DIV VOTE AGAINST, THEN MAYBE GOLDIS WILL COUNTER OFFER HIGHER PRICE LIKE OTHERS COMPANY 09/11/2017 9:52 AM tipumakan Yeah. Goldis has higher NTA, only for now. If take over go through, dont forget Goldis will issue new share, so in the end everything will come to a square. Existing IGB shareholder does not enjoy anything but selling everything at dirt cheap price and handling billion of hard cash to Goldis. Wait for few years until Southpoint and southkey project complete, you will see profit improve and share price will follow. As for why Goldis is paying less dividend and IGB is paying dividend well, i guess is because Goldis need to serve the interest of their preference share. So, IGB is the ATM machine for Goldis, thats why now IGB enjoy higher dividend. If take over go through, mostly they will tell you they need to reserve cash for development. So after serving the enlarge Preference Share, nothing much can pay for dividend. Be wise, vote no and reject 09/11/2017 1:58 PM invest_101 @danny123, Opt for Goldis Pref if you want higher div ie 4.28% @tipumakam, diluted Goldis after offer will still be relatively high as it currently hold 75% of Igb. 10/11/2017 5:52 AM newharvest TOMORROW 21 nov 2017 EGM @ 3pm. Hope to c many minority shareholders attending. 20/11/2017 1:34 PM invest_101 Vote yes and realise immediately your investment via any of the 3 options that fancy you. No point waiting for more years to profit from your investment. Cheers and all the best. 20/11/2017 8:42 PM danny123 VOTE NO COUNTER OFFER LATER BY GOLDIS 3.50 THEN WEDNESDAY MAYBE 3.10 SAY NO RICH MEN CHEAT POOR PEOPLE 20/11/2017 9:20 PM danny123 NTA 6.90 OFFER 3.00 PLEASE REJECT THE OFFER TODAY THEN IGB WILL GO UP 3.10 TOMOROW 21/11/2017 9:55 AM tipumakan @danny123. thank you for the update. if not causing trouble to you please continue update us ya. Thanks in advance 21/11/2017 4:45 PM jhew7477 Hi Danny, did they mention on which day will they release the Q3 results? 21/11/2017 5:12 PM invest_101 Kudos as smart money voted yes. Now you can have one to two months to decide which option to choose from. Cheers and good luck. 22/11/2017 7:34 AM kaikai Based on the past history , IGb declares divided on Feb and coincidently the transaction would be completed by Feb. I wo under whether shareholders will get the customary dividend 22/11/2017 9:54 AM Kensington There will be no further dividends from the Co. Just be happy with the RM3/share angpow (option 1) coming your way during the CNY. 22/11/2017 5:06 PM Kensington A columnist in The Edge Malaysia actually suggested you elect Option 1 and re-invest your funds in IGB REIT for a better yield than the other 2 options. 22/11/2017 5:09 PM invest_101 @tipumakan,%20first%20of%20all%20I%20am%20happy%20that%20majority%20decision%20was%20yes%20otherwise%20share%20price%20of%20Igb%20today%20would%20have%20collapsed%20to%20below%202.50,%20the%20levels%20before%20this%20proposal.%20After%20having%20much%20thoughts,%20I%20think%20the%20best%20option%20is%20#3.%20You%20are%20guaranteed%204.3%25%20for%20at%20least%204%20years,%20up%20to%20a%20maximum%20of%207.%20Attractive%20enough%20while%20waiting%20for%20the%20potential%20of%20Goldis%20to%20appreciate%20during%20this%20period.%20If%20you%20look%20at%20the%20proposal%20the%20effective%20shareholding%20interest%20of%20scheme%20shareholders%20barely%20change%20under%20option%20#3%20on%20a%20fully%20diluted%20basis.%20This%20means%20that%20the%20controlling%20shareholders%20cannot%20benefit%20much%20under%20this%20scenario.%20Surely%20not%20all%20will%20choose%20option3%20so%20they%20will%20benefit%20somehow.%20More%20importantly%20there%20will%20be%20additional%20float%20of%20Goldis%20shares%20from%20this%20exercise%20and%20this%20will%20represent%20the%20best%20opportunity%20for%20the%20major%20shareholders%20to%20accumulate,%20likely%20above%20rm3,%20the%20exchange%20value.%20In%20short%20I%20think%20the%20price%20will%20move%20after%20exercise%20some%20time%20in%20Feb/Mar%20next%20year.%20Just%20my%20thoughts,%20good%20luck. 22/11/2017 9:27 PM IrisTan Ha ha ha Danny123 suddenly became loser in the battle with IGB Bosses. Quickly report this unfair deal to PMO, MACC, ACAC, SPAD, PDRM.............. 12/12/2017 2:25 PM SpartanXoXo https://www.theedgemarkets.com/article/igb-unveil-projects-kundang-and-southpoint-2h2021 13/04/2021 10:28 AM  |
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