QUOTE(SKY 1809 @ Nov 17 2010, 01:43 PM)
They have 500m worth of DIGI shares plus cash in banks.
Are you talking about 5 to 10 years ago ?
Expansion must come with a profit in mind. It is like setting up in the most remote part of E Malaysia where there is no market.
Plse go to their website to gather more information.
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Loss on disposal of DiGi shares - RM’000 (23,052)
On 15 January 2009, the Group through its subsidiary, Hakikat Pasti Sdn Bhd disposed 22,500,000 shares held in DiGi
(“Disposal Shares”), representing about 2.9% of the then existing issued and paid-up share capital of DiGi. The total cost of
investment for the Disposal Shares was RM484.23 million (equivalent to RM21.52 per DiGi share). Nevertheless, since it first
held the Disposal Shares (i.e. 22,500,000 DiGi shares) in November 2007, the Group has received an aggregate net dividend
income of RM43.43 million (equivalent to approximately RM1.93 per share) in respect of the said shares.
>>
As per disclosure in 31Mar2010 quarterly report