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Dear Serious Investors

To-night we shall take a deeper look at ThPlant – another misunderstood & mispriced stock of Great Value

A cursory look at ThPlant will show that it has Very High borrowings

Also the negative news that Thplant being sued by Party asking for proceeding of Land sales blocked by EPU (Economic planning unit)

Also the dwindling lack of FFB harvest past few months

All the above were highlighted by naysayers to the fear of naive readers who do not do due diligence

Ok now let Calvin share his happy findings

1) WHY IS THPLANT BEING SUED FOR NOT SELLING ITS PLANTATIONS

See

MATERIAL LITIGATION In the High Court of Malaya at Kuala Lumpur in the Federal Territory of Malaysia (Special Powers Division) Application for Judicial Review No. WA-25-71-03/2021 Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) (“Applicant” or “Tamaco”) and 1. Ketua Pengarah Unit Perancang Ekonomi Di Jabatan Perdana Menteri 2. TH Plantations Berhad (Company No. 12696-M) (“THP” or “the Company”) (both referred as “Respondents”)

TH PLANTATIONS BERHAD

 

 

 

 

 

 

 

Type Announcement
Subject MATERIAL LITIGATION
Description
In the High Court of Malaya at Kuala Lumpur in the Federal Territory of Malaysia (Special Powers Division) 
Application for Judicial Review No. WA-25-71-03/2021
Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) ("Applicant" or "Tamaco") and 
1.      Ketua Pengarah Unit Perancang Ekonomi Di Jabatan Perdana Menteri
2.      TH Plantations Berhad (Company No. 12696-M) ("THP" or "the Company") 
(both referred as "Respondents")

THP wishes to announce that the Company on 31 March 2021 has been served with a copy of a draft Order from the High Court of Kuala Lumpur granting as follows:

Leave to commence Judicial Review proceedings to quash the decision of the Ketua Pengarah Unit Perancang Ekonomi di Jabatan Perdana Menteri (“EPU”) in withdrawing their letter of approval dated 24 November 2020 on 4 December 2020 in relation to the proposed disposal of THP’s entire equity interest in Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and

 

ii.  An ad interim stay order in relation to the decision of the EPU in withdrawing their said letter of approval until 12 April 2021, being the date of the hearing of the inter partes application for a further stay of the said decision of the EPU until final disposal of the Judicial Review proceedings.

THP and the EPU have been named as Respondents in the Judicial Review proceedings.

The Company will make the necessary announcement as and when there are further developments in relation thereto.

 

This announcement is dated 1 April 2021.

 

Ok look again

Leave to commence Judicial Review proceedings to quash the decision of the Ketua Pengarah Unit Perancang Ekonomi di Jabatan Perdana Menteri (“EPU”) in withdrawing their letter of approval dated 24 November 2020 on 4 December 2020 in relation to the proposed disposal of THP’s entire equity interest in Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and

It boils down to these

1) ThPlant has approved to sell its assets in  Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and

2) But Sale was objected by Economic Planning Unit

So Tamaco the aggrieved party want this

to quash the decision of the Ketua Pengarah Unit Perancang Ekonomi di Jabatan Perdana Menteri (“EPU”) in withdrawing their letter of approval dated 24 November 2020 on 4 December 2020 in relation to the proposed disposal of THP

SO FROM HERE WE SEE CLEARLY THAT TAMACO WANTED VERY MUCH TO BUY THOSE LANDS AS PROMISED FOR SALE BY THPLANT BUT WAS THWARTED BY EPU (GOVT)

As a result They are going to Court to pursue for the deal

Now Why is the deal SO IMPORTANT?

 

See our Discovery

 

ThPlant has approved to sell its assets in  Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and

 

S & P was done on 5 December 2019

Let’s see from Bursa Announcement for December 2019

And  here is the announcement

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TH PLANTATIONS BERHAD (“THP” OR “THE COMPANY”)- PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD

TH PLANTATIONS BERHAD
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TH PLANTATIONS BERHAD ("THP" OR "THE COMPANY")-
PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD

The Company wishes to announce that on 5 December 2019, THP had entered into a Sale Purchase Agreement with Tamaco Plantation Sdn Bhd to dispose its entire equity interests in Bumi Suria Ventures Sdn Bhd and Maju Warisanmas Sdn Bhd, both for a total cash consideration of RM170.0 million (“Proposed Disposals”).

 

Please refer to the attachment for further details of the Proposed Disposals. 

This announcement is dated 5 December 2019.

Ok now we know the Assets are PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD

 

And the Sale Price is Rm170 Millions

 

Now what are the Assets of these Two Mentioned? How Big is the Landbanks?

For that please go see Th Plant Properties in Annual Report

 

SARAWAK

Bumi Suria Ventures Sdn. Bhd.
Ladang Sungai Arip
Ladang Sungai Karangan
Sibu-Bintulu, Sarawak
 Leasehold 2065 and
2066
6,514 Hectares Oil Palm Estate
Book value Rm124,727,000

 

OK NOW WE GOT THE DETAILS

6,514 hectares with book value Rm124.7 Millions

 

SO IF SALE GOES THROUGH THE PROFIT WILL BE

 

RM170,000,000 minus Rm124,727,000

 

= Rm45,273,000

A PROFIT OF RM45.2 MILLIONS FOR THPLANT

 

Buy Why oh Why EPU stopped the sale?

Is it because Tamaco a non bumi company? Or is the price grossly undervalue?

OK let us calculate the price per acre cost

To get acre multiply 6,514 hectares by 2.471

= 16,096.094 acres for Rm170 Millions

To get cost of per acre 36.2% profit

BUT EPU deemed 3.1% of what Naim sold just too cheap?

Now let us see how court case will lead to

In any case CPO now at sky high prices all Plantation lands all over the world are going up in prices as well from India to Indonesia, From Australia to USA

USA?

Yes. Even Bill Gates investing in Farmlands

See

 

Rm170,000,000 divides by 16,096.094

= Rm10,561.56 per acre

SO TAMACO WANTS TO BUY THPLANT LAND FOR ABOUT

RM10.562 Per Acre (Got planted palm oil lands going for only below Rm11K an acre?

Of course too cheap!

Why?

Look again

SARAWAK

Bumi Suria Ventures Sdn. Bhd.
Ladang Sungai Arip
Ladang Sungai Karangan
Sibu-BINTULU, Sarawak
BINTULU?
This is now a hot area
See Naim sold lands in Bintulu to Sarawak Govt
NAIM HOLDINGS BERHAD
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF TWO (2) PARCELS OF LAND HELD UNDER LOTS 789 & 2861 BLOCK 20 KEMENA LAND DISTRICT, BINTULU SARAWAK ("PROPOSED DISPOSAL")

We refer to the announcements dated 17 July 2020, 30 July 2020, 18 September 2020, 21 September 2020, 2 October 2020 and 6 October 2020 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the previous Announcements shall apply herein.

On behalf of the Board, AmInvestment Bank wish to announce that the Company had on 21 October 2020 received the balance of the Disposal Consideration of RM306.00 million from the Vendor. In this respect, the Proposed Disposal is deemed completed on 21 October 2020.

 

This announcement is dated 21 October 2020.

What is the Total Sale price collected and how big the lands in Bintulu Naim sold

 

See

Disposal
Consideration
: The cash consideration of RM340,000,000 payable by SEDC to
PHSB pursuant to the Proposed Disposal
Subject Lands : 2 parcels of vacant land measuring a total area of approximately
405.6 hectares held under Lots 789 & 2861 Block 20 Kemena Land
District, Bintulu, Sarawak

 

Ok here we got the land size at 405.6 hectares  and also the total sale price as Rm340 millions

To calculate acres multiply by 2.471

= 1,002.2376 acres

To calculate Price per acre divide Rm340 Mil by land area

= Rm339,240 per acre

Thplant selling at Rm10.6K an Acre while Naim sold for Rm339.2K an acre?

That means that Thplant is selling at 3.1% of What Naim sold?

OF COURSE WHEN MY FRIEND MR. JIMMY FROM MIRI HEARD ABOUT THE SALE OF AN ACRE PALM OIL LAND FOR ONLY RM10.6K PER ACRE HE ALSO WANT TO BUY IT

JIMMY TOLD ME HE IS LOOKING FOR PALM OIL LANDS IN SABAH FOR RM30K AN ACRE

Why go so far if SARAWAK got below Rm20K an acre. At Rm10.6K an acre? He simply go GaGa!

Now if Thplant had sold for Rm170 Millions it is still making a profit of Rm45.2 Millions profit or a gain of 36%

NOW FARMLANDS IN INDIA, AUSTRALIA, BRAZIL  & USA ARE ALL GOING UP IN PRICES

 

See

Bill Gates: America’s Top Farmland Owner

HighlightsLooking for a broker to open a trading account? Check out the Brokers Comparison page.

0

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng    |   Latest post: Tue, 20 Apr 2021, 10:42 PM   |  >> Go to Blog Dashboard

I have An Investment Approach I which I would like to all.

THPLANT (5112) A Look at its Grossly Undervalue Assets & Increasingly Bright Prospects, Calvin Tan Research

Author: calvintaneng    |    Publish date: 


Dear Serious Investors

To-night we shall take a deeper look at ThPlant – another misunderstood & mispriced stock of Great Value

A cursory look at ThPlant will show that it has Very High borrowings

Also the negative news that Thplant being sued by Party asking for proceeding of Land sales blocked by EPU (Economic planning unit)

Also the dwindling lack of FFB harvest past few months

All the above were highlighted by naysayers to the fear of naive readers who do not do due diligence

Ok now let Calvin share his happy findings

1) WHY IS THPLANT BEING SUED FOR NOT SELLING ITS PLANTATIONS

See

MATERIAL LITIGATION In the High Court of Malaya at Kuala Lumpur in the Federal Territory of Malaysia (Special Powers Division) Application for Judicial Review No. WA-25-71-03/2021 Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) (“Applicant” or “Tamaco”) and 1. Ketua Pengarah Unit Perancang Ekonomi Di Jabatan Perdana Menteri 2. TH Plantations Berhad (Company No. 12696-M) (“THP” or “the Company”) (both referred as “Respondents”)

TH PLANTATIONS BERHAD

 

Type Announcement
Subject MATERIAL LITIGATION
Description
In the High Court of Malaya at Kuala Lumpur in the Federal Territory of Malaysia (Special Powers Division) 
Application for Judicial Review No. WA-25-71-03/2021
Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) ("Applicant" or "Tamaco") and 
1.      Ketua Pengarah Unit Perancang Ekonomi Di Jabatan Perdana Menteri
2.      TH Plantations Berhad (Company No. 12696-M) ("THP" or "the Company") 
(both referred as "Respondents")

THP wishes to announce that the Company on 31 March 2021 has been served with a copy of a draft Order from the High Court of Kuala Lumpur granting as follows:

Leave to commence Judicial Review proceedings to quash the decisio

https://www.eaglevisioninvest.com/thplant-5112-a-look-at-its-grossly-undervalue-assets-increasingly-bright-prospects-calvin-tan-research/

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