by Sharmila Ganapathy
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KUALA LUMPUR: IOI Corporation Bhd’s (IOI Corp) net profits for the third quarter ended March 31, 2008 (3QFY08) surged more than 53% to RM601.6 million, boosted by higher palm oil prices, better volumes from resource-based manufacturing and higher property sales.

Revenue rose 55.2% to RM3.53 billion from RM2.27 billion, while earnings per share (EPS) was 9.89 sen. No dividend was declared.

IOI Corp said yesterday its net profit rose 58% to RM1.63 billion in the nine months to March 31 from RM1.03 billion a year earlier, while revenue rose 57.6% to RM10.1 billion from RM6.41 billion. EPS amounted to 26.95 sen. (more…)

by Yantoultra Ngui Yichen
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KUALA LUMPUR: Boustead Holdings Bhd (BHB) is offering RM5.50 per share via cash or share swap in its voluntary takeover (VTO) offer for its 65%-owned subsidiary Boustead Properties Bhd (BPB), representing an 18.53% premium over the latter’s last traded price of RM4.64.

It is offering to acquire the remaining 89.3 million shares in BPB for a total of RM491.15 million and all outstanding RM35 million redeemable convertible bonds (RCB) at RM1.33 per RCB for a total of RM46.55 million. The total consideration amounts to RM537.7 million.

In lieu of cash, BPB shareholders could opt to receive BHB shares at an issue price of RM6.25 per share on the basis of 0.88 BHB share for every Boustead Properties share or 0.21 BHB share for every RCB unit.

The offer price of RM5.50 per share is a 30.95% premium to BPB’s five-day weighted average market price up to May 13 of RM4.20 and a 4.56% premium to the audited net asset per share of RM5.26 as at March 31, 2008.

BHB said yesterday that Lembaga Tabung Angkatan Tentera (LTAT), which holds an 8.6% stake comprising 21.94 million shares in BPB, had given its irrevocable undertaking to accept the offer. LTAT is the largest shareholder in BHB, owning a 57.5% stake comprising 361.7 million shares in the group.

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So I finally am back to tanahair-ku, Malaysia and after a week of re-adjusting my body clock, I am now back to blogging. On top of my must-visit list of developments is Kiaramas Ayuria, which has already been handed over to its buyers (Block A & B) early April. When my friend offered me to view her unit, I quickly jumped on it. Kiaramas Ayuria is located at Jalan Desa Kiara, on the eastern side of Mont Kiara. I particularly love this side of Mont Kiara because of it’s lush greeneries. Ayuria is current located at the highest point of Mont Kiara.

The first thing that you would realise as you drive up to the development is the big water tank. Truth to be told, for first time visitors, this can be quite overwhelming as I felt the same too. But after a few visits, I didn’t even realise it was there. We zoom pass the simple guardhouse…I must say that Kiaraville & Hijauan had better entrances, where sometimes less is more. After parking the car, we headed to lobby and as we strolled pass the lush greeneries, there were birds chirping! It was a really nice environment to be in, and there was no apparent highway noise from the nearby Penchala Link. Felt it was so so serene.

After viewing her unit, I must say that I came out truly impressed. I am not going to comment about the landscaping or the common areas (will let the photos do the talking), because the most striking feature for this condo, in my opinion, is it’s amazing views which you can see from the master bedroom and the living area.

Just look at the above photo. This is the view from the master bedroom. Imagine yourself waking up every morning and have that view to greet you! It’s really to die for, really. I also loved the choice of color of the flooring, not too dark, just nice. The more neutral color makes the rooms more spacious. The living and dining were appropriately sized, though the bedrooms, especially bedrooms 2 & 3 were a tad small for me. I noticed some minor defects like chipping on the flooring, and some water stains on the wall.

At the end of the viewing, I was truly impressed. Next on my list would be Kiaraville and then Hijauan Kiara. That way I could compare them more equally after viewings.

Meanwhile, more photos after the jump (bandwidth heavy!).

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