Landmarks to raise up to RM36.93m (48.59mil new share) via private placement at a discount of 9.5% to the five day volume weighted average price. Price going to drop today.
Private placement for fresh funds for project financing and working capital. Existing funds are drying up. Management not wanting to increase gearing. But some banks may not be interested in lending to the company due to lack of development prospect and short land lease remaining. The casino approval is fading as the Indonesian government will never approve for now due to local issues.
the profit from associate refer to 20% stake in MSL properties which been sold last year,so going forward no more contribution from associate,Landmark owned 100% stake in The Andaman and Treasure Bay Bintan.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Olga
773 posts
Posted by Olga > 2016-11-17 18:41 | Report Abuse
Olga the delay is really too long..
27/02/2016 00:13