Key Take Aways From EGM
Publish date: Wed, 23 Apr 2014, 01:16 PM
According to my friend who attended the EGM, Capital 21 has obtained development order.
They started earthwork in April 2014.
Sales for the mall space so far is approximately RM300 mil.
Responding to a query from shareholder during Q&A session, management indicated that typical of a commercial project, revenue recognition will be front loaded.
There will be material profit contribution from Capital 21 for the financial year ending 31 May 2015.
Have a nice day
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