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Don't impose your moral values unto others. Don't go around telling people how to speak, dress up or behave. In short mind your own bloody business.
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2021-08-27 12:52 | Report Abuse
UTILISATION OF PROCEEDS
Subsequent to the Announcement, the Board wishes to clarify that the total proceeds arising
from the Proposed Disposal of EUR81.0 million (equivalent to approximately RM399.33
million) are proposed to be utilised/varied as follows:-
Proposed utilisation
Expected timeframe
for utilisation upon completion
of Proposed Disposal
Amount
(RM’000)
Repayment of bank borrowings (a) Within 3 months 200,000
Working capital requirements (b) Within 12 months 41,290
Special dividend (c) Within 6 months 120,640
Internal reorganisation related cost (d) Within 12 months 24,600
Estimated expenses (e) Within 3 months 12,800
Total proceeds 399,330
Notes:-
(a) Same as per Announcement.
(b) The Board has estimated that the alloc
(b) The Board has estimated that the allocation of proceeds shall be set out as follows:-
RM,000
Operational costs and general overheads 30,000
Administrative and finance expenses 11,290
Total 41,290
(c) The Board has decided to fix the special dividend at 20 sen per share.
========================================================
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.....
However, it is only possible if the sale goes through before 30th September
(b) Manner of Payment for the Disposal Consideration
The Disposal Consideration shall be satisfied by way of cash as follows:-
(i) upon execution of the SPA, the Purchasers have jointly deposited EUR2.0
million (equivalent to approximately RM9.86 million) as an option security
deposit (“Option Security”) into an escrow account of the appointed notary
(“Notary”) and the Purchasers are allowed to exercise an option to complete
the SPA on or before 30 September 2021 (“Purchasers’ Option”);
===========================================
(ii) upon exercising the Purchasers’ Option, 10% of the Disposal Consideration
or EUR8.10 million (equivalent to approximately RM39.93 million) (“Deposit”)
shall be paid by the Purchasers into the escrow account of the Notary. The
Option Security shall then be returned to the Purchasers;
(iii) the balance 90% of the Disposal Consideration shall be paid within 10 market
days after the Purchasers have received a written notice from the Notary
confirming all Conditions Precedent (as defined in Section 2.4(c) below) have
been fulfilled; and
(iv) notwithstanding the above, in the event the Purchasers’ Option is not
exercised on or before 30 September 2021, the Option Security shall be
released to the Vendor and the SPA will lapse.
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News & Blogs
2021-08-26 14:33 | Report Abuse
Palm oil is thrash product!
News & Blogs
2021-08-26 14:32 | Report Abuse
I don't use Colgate ..LOL!
News & Blogs
2021-08-26 14:27 | Report Abuse
Palm oil will crash land soon.
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2021-08-26 14:21 | Report Abuse
Foreign investors will not come.
Credibility and transparency issues.
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News & Blogs
2021-08-26 14:15 | Report Abuse
Food scarcity is apt.
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2021-08-26 12:02 | Report Abuse
Aren't you bored of doing your daily chores like, taking a dump, brushing teeth, bathing, eating, making your bed, sweeping and the list goes on ..
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Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-08-27 15:28 |
Post removed.Why?