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04/01/2016

CHINA COMPANY ANNOUNCES $5.28 BILLION, SERIALLY LYING PM GROSSMAJIB & 1GDB SAY $7.41 BILLION FOR 60% BANDAR TUN LAZAK. WHERE DID $2.13 BILLION DISAPPEAR TO? "DONATION" or "CSR PROJECT" PERHAPS FROM WHICH THEY DID NOT PERSONALLY BENEFIT??

by el dorado, Donplaypuks® intrepid correspondent for land scam affairs


CLICK ON LINK BELOW TO BUY BOOK 'MURDERED IN MALAYSIA:THE ALTANTUYA STORY:



On 31st December 2015, serially lying PM Grossmajib announced that his con-job artiste and frauds-for-hire front company 1GDB had sold 60% of its interest in the Bandar Tun Lazak real estate development project to a China company for $7.41 billion.

CLICK HERE for an earlier take on this sell out of control of a sovereign company's crown jewels to yet another China company.

However, an announcement today to the Hong Kong Stock Stock Exchange shows that the China company will only pay $5.28 billion for the 60% stake.

So, where is the missing $2.13 billion (7.41 - 5.28)?

"Invested" in "Donations" or "CSR Prjects" from which neither serially lying PM Grossmajib nor 1GDB will personally benefit?

Donplaypuks® with $2.13 billion also, serially lying PM Grossmajib!

NB:  See below for the announcement to the HK Stock Exchange or CLICK HERE.



Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國中鐵股份有限公司

CHINA RAILWAY GROUP LIMITED
(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 390)

This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Please refer to the attached Announcement of “Participating in Purchasing Shares of Bandar Malaysia Sdn Bhd by China Railway Group Limited” published by China Railway Group Limited on the Shanghai Stock Exchange website on 3 January 2016 for your information.
By Order of the Board
China Railway Group Limited
LI Changjin
Chairman
3 January 2016
As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman) and YAO Guiqing; and the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and NGAI Wai Fung.



A Shares Stock Name:
H Shares Stock Name:
Announcement No.:
China Railway
China Railway
Lin 2016-003
A Shares Stock Code:
H Shares Stock Code:
Announcement No.:
601390
390
Announcement
Lin 2016-003
Participating in Purchasing Shares of Bandar Malaysia Sdn Bhd by China Railway Group Limited


The board of directors of China Railway Group Limited (the “Company”) and all the directors hereby undertake that this announcement does not have any false or misleading statements or any material omissions, and assume the joint and several liability for the truthfulness, accuracy and completeness of the contents.
On 24 November 2015, the joint venture established by China Railway Engineering Corporation (M) Sdn Bhd (hereinafter, “CRECM”), a wholly-owned subsidiary of the Company, and Iskandar Waterfront Holdings Sdn Bhd (hereinafter, “IWH”), a Malaysian company, (hereinafter, “Joint Venture”) received a formal letter of award from the tender agent designated by 1MDB Real Estate Sdn. Bhd. (hereinafter, “1MDBRE”), notifying that the Joint Venture has obtained the right to purchase 60% of the equity interest in Bandar Malaysia Sdn Bhd (hereinafter, “BMSB”) held by 1MDBRE. On 31 December 2015, the Joint Venture entered into the Share Sale Agreement with 1MDBRE, pursuant to which the Joint Venture will purchase 60% of the equity interest in BMSB held by 1MDBRE at a price of MYR5.279 billion, among which CRECM will pay MYR2.639 billion (equivalent to approximately to RMB3.995 billion) of the share purchase price. This transaction has been examined and approved in the Company’s Seventeenth Meeting of the Third Session of the Board of Directors on 31 December 2015.

BMSB has the ownership of an important block to be developed in Kuala Lumpur, Malaysia, which has an area of approximately 2,000,000 square metres. According to the plan of the government of Malaysia, the block will be developed into an international business centre which is driven by traffic hub.

Investors should make investments rationally and beware of investment risks.
Notice is hereby given.

The Board of Directors of
China Railway Group Limited
4 January 2016

2 comments:

Cw Hew said...

Paying 2.639b out of 5.729b is not 40:60 JV basis, it is 50:50..something is not right..

Ahill

Donplaypuks® said...

Cw Hew

$2.639 is 50% of $5.279. So, the other 50% may be payable by their partner M'sian JV Waterfront Co., or maybe its the initial deposit. I don't know at this point in time.

But 1GDB had better clear up this discrepancy between $7.41b and $5.279b.