What happened to the proposal to reorganise and rationalise the business/assets ,dated 27 September 2023 ?

How do you know whether this RM 273 millions will be distributed to the shareholders ?

I personally believe some parts of the proposed merger between Knusford and ECSB is quite complicated. With reference to Proposed Letter dated 27 September 2023, Appendix 1--Indicative Salient Terms for the proposed Knusford-ECSB Merger , item (b)-- Knusford ........shall undertake a share split exercise involving the subdivision of the ordinary shares of Knusford to arrive at an audited assets per share of Knusford of RM 0,60 as at 31 March 2023,of which will be the proposed issue price for the proposed merger consideration shares.
According to their financial report,NA of Knusford as at 31 March 2023 is RM 2.20 per share.In order to make it RM 0.60 per share, the shares should be split at the proportion of 1 into 3.66,which also means the total number of shares of the company will be increased by 3.66 times.We know whenever there is a split or bonus issue, the number of shares in our hands will be increased and the price per share will be adjusted downward accordingly. ASSUMING the closing price of this company's shares is RM 0.845 right before "x", then the adjusted price on the "x" date will be (0.845 divided by 3.66 ) RM 0.23 . Then do you think this is undervalued as compared to NA of RM 0.60 ? Then any potential for this share price to move upwards ?
To all my respectful "sifus", is my interpretation of the above correct ?

Saying TSH is going to be a good dividend paying entity is just a guessing that everybody can do.How do you know whether the boss are generous enough to increase the dividend payout ?

No excitement at all from dual listing. Very disappointed.!

In relation to capital repayment, so far only one payment.Instead of giving RM 300 million as proposed, they gave out one short RM 790 million.I suppose if they give another dividend of RM 0.33 per share, then the NTA will become almost zero.

According to the circular to shareholders dated 26/5/2023,NTA per share before capital repayment was RM1.02. Based on assumption that the first tranche dividend was RM 300 million was paid,then the NTA per share would be adjusted to RM 0.89.But it turned out that the actual repayment was RM 790 million, so the NTA per share after this RM 0.33 / share dividend would be around RM 0.335. Is it right ?