<div class=newsTextDataWrapInner><p><strong>PJ Development Holdings Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>PJ Development (PJD) (Fundamental: 1.9/3, Valuation: 3/3) saw renewed interest after OSK Holdings (OSKH) announced that its shareholding in the former has exceeded 33%, thereby triggering a mandatory take-over offer for the remaining 68.3% stake at RM1.56 per share. The stock closed unchanged at RM1.55 last Friday.</p></div>

<div class=newsTextDataWrapInner><p>To recap, shareholders of OSKH had, on July 6, approved its acquisition of 31.6% equity interest in PJD for RM223.6 million or RM1.56 per share. The purchase consideration will be satisfied via the issuance of 114.68 million new OSKH shares at RM1.95 per share.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>OSKH is also acquiring a 72.4% stake in OSK Property for RM346.4 million or RM1.95 per share. Upon completion of the exercise, OSKH will emerge as a first tier property group in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Currently, PJD has total ongoing and future GDV of RM11.9 billion, including a future RM8.5 billion mixed development in Melbourne, Australia. It also has total outstanding construction order book of RM613 million.</p></div>

<div class=newsTextDataWrapInner><p><img alt="pj-developement_ded_100815_thedegemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/pj-developement_ded_100815_thedegemarkets.png" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>digitaledge Daily</em>, on August 10, 2015.</p></div>


PJ Development Holdings Bhd (-ve)

PJ Development (PJD) (Fundamental: 1.9/3, Valuation: 3/3) saw renewed interest after OSK Holdings (OSKH) announced that its shareholding in the former has exceeded 33%, thereby triggering a mandatory take-over offer for the remaining 68...

Stock With Momentum: PJ Development Holdings

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