News: China Stationery to buy 9.79pc Pelikan stake

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3 comment(s). Last comment by cocolee 2012-10-22 22:27

ledzepp

372 posts

Posted by ledzepp > 2012-10-22 21:34 | Report Abuse

WHAT? 3 m shares to pay for professional fee? Something not right here

KC Loh

13,701 posts

Posted by KC Loh > 2012-10-22 21:44 | Report Abuse

Advisers and underwriters fees are not cheap! But is CSL really so cash strap until issuing 3m shares just to cover professional fees? I thought just declared 2 sens dividend recently? That's the fishy part!

cocolee

109 posts

Posted by cocolee > 2012-10-22 22:27 | Report Abuse

u see the purpose is to create more floating shares in market, currently small pool of shares cant play much....

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