QUOTE(hengwoon @ Feb 14 2011, 07:23 PM)
Can someone explain why IGB disposing of MV Gardens for 100,000 to KrisAssets? Seems a bit low, although it's rrpt and IGB owns most of krisassets. Confused.
On related note, IGB giving out only 1/100 share dividend + 2.5c .. thought the share dividend would be like 1:50
hihi...
if i'm not wrong.... 100,000shares x RM1.00 doesnt mean they sell at 100k.
The price is not finalized yet and will be considered on the 2 criterias on the screenshot.
The rationale is stated, so u can have a rough idea why they wanna do that... imo, not much impact.. but IGB Corp will have like 1B cash to play with after this
even they dunno the effect of this transaction as of now. need to finalize things first.
the HOA is valid for 60days.
it is not stated how they plan to utilize the proceeds....
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Added on MBSB calling for RI +Free Warrants... hmmmm.. i wonder why they would wanna do that....
This post has been edited by mopster: Feb 14 2011, 08:16 PM