Lee Kim Tah Holdings

[safetyfirst]

India is a true blue democracy... I won't factor in anything apart from the comfort of sitting on raw land larger than the size of Toa Payoh town till pre-sales and development starts.

Land has been there for coming to 1 decade. I still remember Edwin happily telling us that its so dirt cheap at S$5m for their share...

But the legal system in India - which is rooted to the British system - seems to work in this case, as the Tamilnadu authorities had challenged LKT in court, and yet the Indian courts have ruled twice in LKT's favour, mainly by virtue of the time-tested land laws.

And we must not forget holding on to a large tract of freehold land located within a fast-developing area like Siruseri and purchased for a low, low price, is probably the cheapest way to investing in a major property deal, as it saves on infrastructures, construction and professional costs. If LKT eventually cashes out the land at say $174.0m, the gain from this investment would be more than 10-fold!

I certainly agree... the day will come and not many left in minorities to benefit alongside with substantial shareholders.

how about offer you another perspective? management may attempt to delist the company before LKT eventually cashes out the land at say $174.0m, the gain from this investment would be more than 10-fold will then go straight into the pockets of management!