Tabung Haji to sell TRX land for a profit
http://www.nst.com.my/node/85688

Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom yesterday said the fund was still evaluating potential buyers.

"It was clear that no one wants to buy the land from Tabung Haji which it had bought at a high price.

"Yesterday's support from MPs for Tabung Haji not to sell the land and instead develop it is a U-turn and an excuse to save Tabung Haji's face.

"There's a conspiracy now to heat up the strategic nature of the piece of land so that they can backtrack on their earlier promise to dispose the land,"

It's funny ....

Initially they are awfully confident of selling it and make a few million profit by being a flipper.

And then now they want to keep it, against jibee's advise .....

And they run a poll to help them in the decision making.

Ghee do you really make major decision based on polling ? Why didn't you run a poll before you decided to purchase it ?  

Anyways, when does TH usually declare its dividends ?

Ah, so meaning it'll take into account the savings from Jan-Dec.
Is it only once annually?

From all the proposals received, Tabung Haji is seriously looking at two offers. The prices offered are certainly higher (than what Tabung Haji paid for the land)," an industry source told The Malaysian Reserve.

The source said Tabung Haji is looking at the method of payment but did not give out further details, such as whether the pilgrimage fund will be paid in cash or mix equities for the land.

All investments made by the pilgrimage fund were syariah compliant and obtained competitive profit for Tabung Haji depositors.

Tabung Haji paid RM188.5 million or RM2,773 per square foot for the land 1MDB got from the government at a mere RM64 per square foot in 2011.

Lembaga Tabung Haji (LTH) today accepted donations worth RM9.15 million from 34 corporations via the "Sahabat Korporat Tabung Haji" programme.

If this happens, then it is another clear example of non-transparency at work here,... it frightens me to invest in this environment with such high systemic risks.

Few blogs which exposed this has already been taken down.

We have to comment very carefully in this thread,...otherwise, whole forum may be pulled-down,..[