PJ Development..Propose Listing OCC CABLES BERHAD

RATIONALE FOR THE PROPOSED LISTING (quoted from annoucement made in Bursa website)
The main purposes of the Proposed Listing are as follows:-
(a) To enable OCB to raise funds from the capital market to finance the business activities
and expansion plans of the Group. Being accorded listing status will allow OCB Group
greater financial flexibility when pursuing its growth plans;
(b) To enable PJD Group to unlock the value of its investments;
(c) To provide an opportunity for the investing community, including the Malaysian public,shareholders of PJD and eligible Directors, employees and persons who have
contributed to the success of the OCB Group to participate directly in OCB’s equity and continuing growth; and
(d) To enable OCB to gain recognition and corporate stature through its listing status.

PJD today closed at RM0.675. If able to break RM0.75, maybe can go up to RM0.80
NTA = RM1.70
EPS = RM0.06 (estimated for FY2010)
Dividend = RM0.05 (dividend yield 7%)