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$CRESNDO / 6718 (CRESCENDO CORPORATION BERHAD) disposes another parcel of land measuring 102.5k sqm, 1,103,927 sqft or approx 10 hectares at a price of RM 120 pqsft.
This is also in Pulai, JB, and located adjacent to some of the lands they have sold previously at the same price psqft. Cresndo expects to recognize another pro forma gain on disposal of around RM 80mil, or approximately 30 sen per share.

This is on top of their previous sales. It's pretty substantial. Cresndo this morning will probably open in a gap up, but take a step back and evaluate: how much could this company be worth with their remaining landbanks?

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