despite billed as paper value. those can be realistic value simply by relisting kk imago mall into reit. its value is proven the be legit for being the top patroned mall in sabah kk city, and fair value continuouosly grow annually in significant value. cant wait for such enourmous value to be unlocked

Another thing is it’s has another 70arce land for town ship development if this mall reit out what to fund for that mall ? The management stated clear it will focus on its core business which is property development and managing mall plus car park, if this reit out how sustain property business

they can get enourmous of fund by relisting imago mall as reit, depends on how many of shares they willing to let go to the public to purchase the reit shares.

this way the new reit will be debtless, reit can generate and distribute income to shareholders with it's consistent rental income just like other reits.

while asiapac mother share get a boost in cash funded by the buyers of reit shares according to the reit valuation. basically turning imago mall paper value into real cash.

asiapac can use the obtained cash to pay debt or fund any property development projects and stay focus on property development. it's mother share price will be boosted significantly because of the enoumous fund obtained, as the company no longer in a high debt condition, its cannot offer that much nta discount, its nta discount has to be narrowed to close nta. even if just half nta, it would be at least 0.40 sen already.

investors which is more keen to imago business can sell off asiapac share at significantly higher price and switch to buy imago reit. can even subcribes its ipo because asiapac mother share most probably will gap up or even limit up the next day after relist of imago as reit is officially announcement

as of myself i might not nescessary choose that route, i can simply choose to move on to other shares or keep those cash because at that time imago mall relist as reit, it most probably will not be in much discounted state anymore, and i will got no intention in investing in a fair valued reit share

basically i am here now just waiting for that jackpot situation to happen, hopefully it is anytime soon as it seems imago jaya acquisition is 1 step closer to that plan and asiapac desperately needed fund to pay debt and fund other project as you mentioned

this might be the last revaluation needed as imago mall has just been renovated / expanded to its maximum capacity. further significant price up revaluation doesnt seems probable in near future as overall economic is down now, therefore increasing in rental is not quite probable therefore mall value hardly go up in tandem of higher rental income

like you say lo, they can get fund for other projects and pay their huge 1billion debt (imago mall can pay all those as imago mall latest valuation is 1.3b now) btw i just hope, i am not insider or know any insider inside. you may refer to wta relist paradigm reit for actually example of how it works, how it affect wct mother share price to go up (value unlock)

welcome, btw my tactic of investment is aim for relist reit or privatization, as long as asiapac currently is under valued. company take which route to unlock value also a win for me, just big win or small win different, hardly go lose from here unless imago mall no longer profitable

some people might see this a bad qr because of the property development loss. (therefore today price movement and no volume) but for me the lost might just be another trigger for the reit relist because that can only cause the company to be more cash hunger.

people will not sell their property when cash wise they are sufficient, but when they are in huge debt or need of cash, that is the time they consider to sell their property for quick large fund

After discussion we made, I rewind again its qr and found out currently asiapac in a position which he is very hard to earn bank interest money from its operations nor to say when term loan comes to principle date, the snow ball is very likely keep rolling, so a disposal of asset for cash might be necessary

indeed, and instead of a total disposal, by relisting imago malls as reits, they can get most of the cash needed to pay bank loan while still keeping significant stakes of the reits to retain control and ownership of the malls. totally a win only best available solution to the never ending bank loan principle. considering imago malls valuation should be at its peak now, it is the best time of doing it

they don't have any other assets that can be disposed to fund such about of money anyway. unlikely they would like to totally sell out imago malls as they just bought jaya imago mall, while kk imago mall is their own developed and groomed fot years mall

to generate fund that can avoid bank loan principle is the typical reason most other commercial buildings are listed as reit anyway, as well as any other stock market listed company. not doing it will only halt company profiability and growth due to never ending bank load principle