MKH

Its disposal of its non halal livestock farming business was beginning to attract institutional investors that seek syariah compliant stocks as well as government linked funds as EPF, LTH and PNB. After exiting its non halal business, it will focus on its core business in property development and oil palm plantation in Indonesia . It still has close to 242.8 ha of land bank in Kajang/Sememyih that carried at less than rm10 psf, and have mostly converted for development purposes. The group’s borrowings stood at rm315 million as at Sept 30, 2011 translated into a net gearing of 42.9% which is set to reduce with the rm64 million proceeds from the disposal. Its book value stood at rm2.77.