Eagle Vision Invesment

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 ("THP" OR "THE COMPANY")-
PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD

PROPOSED DISPOSAL OF TWO (2) PARCELS OF LAND HELD UNDER LOTS 789 & 2861 BLOCK 20 KEMENA LAND DISTRICT, BINTULU SARAWAK ("PROPOSED DISPOSAL")

The co-founder of Microsoft and his wife rank as America’s largest private farmland owners.

Call it a hunch, but the story did not jibe. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Something was missing. Either that or I had a screw loose. According to the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. That’s a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Pretty pricey dirt, right? That’s exactly what I thought. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Then again, farmers and investors in the Mid-Columbia River market expect to pay $10,000 to $15,000 for good ground. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. The soil profile and underlying silty loess are in a league of their own.

I had gained this smidgen of geologic proficiency while researching our 2018 Farmland Deal of the Year

BILL GATES BELIEVE AGRICULTURE IS A GOOD INVESTMENT

Now is THPLANT one of Malaysia Large Land Owners a Good Investment?

Now wait a minute

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 ("THP" OR "THE COMPANY")-
PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD

PROPOSED DISPOSAL OF TWO (2) PARCELS OF LAND HELD UNDER LOTS 789 & 2861 BLOCK 20 KEMENA LAND DISTRICT, BINTULU SARAWAK ("PROPOSED DISPOSAL")

The co-founder of Microsoft and his wife rank as America’s largest private farmland owners.

Call it a hunch, but the story did not jibe. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Something was missing. Either that or I had a screw loose. According to the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. That’s a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Pretty pricey dirt, right? That’s exactly what I thought. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Then again, farmers and investors in the Mid-Columbia River market expect to pay $10,000 to $15,000 for good ground. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. The soil profile and underlying silty loess are in a league of their own.

I had gained this smidgen of geologic proficiency while researching our 2018 Farmland Deal of the Year

BILL GATES BELIEVE AGRICULTURE IS A GOOD INVESTMENT

Now is THPLANT one of Malaysia Large Land Owners a Good Investment?

Now wait a minute

People say THPLANT GOT HIGH DEBT

BUT THPLANT GOT VERY GOOD PLANTATION ASSETS ALL OVER KELANTAN, TRENGGANU, PAHANG, NEGERI SEMBILAN, SABAH, SRAWAK & KALIMANTAN BOOK VALUE ONLY RM5K TO RM10K AN ACRE

IF SOLD AT MARKET VALUE THPLANT NET NET ASSETS MINUS LIABILITIES STILL IN HUGE SURPLUS

AND THPLANT INTENDS TO SELL OFF 4 MORE ASSETS IN SARAWAK NEAR KUCHING WHERE PAN BORNEO HIGHWAY ALREADY COMPLETED IN THAT STRETCH

Now let’s see THPLANT earnings

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 ("THP" OR "THE COMPANY")-
PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD

PROPOSED DISPOSAL OF TWO (2) PARCELS OF LAND HELD UNDER LOTS 789 & 2861 BLOCK 20 KEMENA LAND DISTRICT, BINTULU SARAWAK ("PROPOSED DISPOSAL")

The co-founder of Microsoft and his wife rank as America’s largest private farmland owners.

Call it a hunch, but the story did not jibe. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Something was missing. Either that or I had a screw loose. According to the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. That’s a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Pretty pricey dirt, right? That’s exactly what I thought. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Then again, farmers and investors in the Mid-Columbia River market expect to pay $10,000 to $15,000 for good ground. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. The soil profile and underlying silty loess are in a league of their own.

I had gained this smidgen of geologic proficiency while researching our 2018 Farmland Deal of the Year

BILL GATES BELIEVE AGRICULTURE IS A GOOD INVESTMENT

Now is THPLANT one of Malaysia Large Land Owners a Good Investment?

Now wait a minute

People say THPLANT GOT HIGH DEBT

BUT THPLANT GOT VERY GOOD PLANTATION ASSETS ALL OVER KELANTAN, TRENGGANU, PAHANG, NEGERI SEMBILAN, SABAH, SRAWAK & KALIMANTAN BOOK VALUE ONLY RM5K TO RM10K AN ACRE

IF SOLD AT MARKET VALUE THPLANT NET NET ASSETS MINUS LIABILITIES STILL IN HUGE SURPLUS

AND THPLANT INTENDS TO SELL OFF 4 MORE ASSETS IN SARAWAK NEAR KUCHING WHERE PAN BORNEO HIGHWAY ALREADY COMPLETED IN THAT STRETCH

Now let’s see THPLANT earnings

YEAR END LESS FRUIT YET THPLANT REPORTS A PROFIT