Source : https://www.marketwatch.com/press-release/provision-of-strategy-consulting-transaction-advisory-financial-planning-services-chang-dynasty-sdn-bhd-2020-12-04/
Dec 04, 2020 (Heraldkeepers) — Kuala Lumpur / 4 December 2020 / The Board of Directors of QMIS Securities Capital (M) Sdn. Bhd. (“QSC”) is pleased to announce that QSC, a wholly-owned by Dr. Chin’s Malaysia incorporated company has on 2nd December 2020, accepted the letter of award from Chang Dynasty Sdn. Bhd. to provide Strategy Consulting, Transaction Advisory & Financial Planning Services for 16 real estate development projects (3 in progress & 13 up-coming) (“the Project”).
The sum of gross development value of the Project is RM5.1 billion (USD1.25 billion). The Project is targeted to be completed by December 2022-2024 with a construction period of 12 – 24 months from the date of site possession.
The Project is expected to contribute positively to the QSC’s earnings for the financial year ending 31 December 2021 to 2024.
The proposed scope of work in working with Chang Dynasty to drive its expansion plan:-
- Business planning – Diagnostics and business direction
- Develop business value creation strategy(ies)
- Market feasibility study
- Financial Modeling & valuation
- Corporate advisory work – internal preparation for listing
- Fund raising, exits & business matching
Chang Dynasty Sdn Bhd was established in 2018 as a housing developer that focuses on residential, recreation resorts and hospital building projects in Malaysia. With a head office in Kajang, Chang Dynasty, the company provides affordable housing market through its unique proposition, which create a family style environment, alongside technology support which aims to improves quality of life for residents and fosters communities by providing superior infrastructure, urban planning, sustainability and technological solutions, all supported by its App. Available to all residents, the App allows those who live within its communities to manage the smart solutions available in their area.
It has completed 7 residential projects and currently runs 3 residential projects across Selangor. The total gross development value (GDV) of the completed projects worth around MYR136 million (USD33 million).
None of the directors or major shareholders of QFL or persons connected with them has any direct or indirect interest in the Project.
QMIS Securities Capital (M) Sdn. Bhd.
55-6, The Boulevard Office,
Lingkaran Syed Putra, Mid Valley City,
59200 Kuala Lumpur, Malaysia
Phone: (+603) 2282 2066, (+603) 2282 6066
Web: www.qmis.com.my