Some excerpts:
- .... has since recently been more active in seeking to create its own land banks for future property development.
- .... there is no property development projects which have been launched by Maqamad or to be launched. However Maqamad is in the process of finalising a certain land deal.
- .... Utusan is unable to disclose the details of the land deal as it will jeopardise the successful financial and legal closure of the said land deal.
- Shareholders' funds/Net Assets (‘NA’) (1,803,910)
In other words, hardly any concrete information except that there might be a "certain" land deal. All as expected, if I might add.
Although Utusan might have crushed Buffett's record, I doubt that Buffett would have the least interest to invest in this company.
I love your sarcasm. And yup definitely no envy from Mr WB.
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