Based on the indicative price, the proposed privatisation exercise would cost LTAT around RM660 million. The indicative offer price represents 45% of Boustead’s net assets of RM1.76 per share as at end-June 2020.
LTAT already received a letter from the central bank, saying it had no objection to LTAT's negotiations with Boustead, which holds equity interest in four public listed companies — Affin Bank Bhd, Boustead Plantations Bhd, Boustead Heavy Industries Corp Bhd (BHIC) and Pharmaniaga Bhd.
betul , hotel at raja chulan buyer dah bagi deposit, once deal sign by CEO, handsome money will flow into bstead, besides cawangan university notingham in malaysia pun nak kasi jual.....valuation 660mil...kaya la ...stay tune privatise RM1.1 is not a dream
Actually why bstead want to sell asset to get cash before privatisation? Don't having more assets would be more valuable to sell at privatisation? Any Sifu can enlighten.
If true many wld he herb buy up...dun forget one of its cash cow is Affin bank ...liquidity backing if required....otherwise we are now buying base on priva rumours only...Collect as much as possible awaiting the next BIG NEWS from now till Feb 2021 once IF true it will limit up
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....
Awang87
338 posts
Posted by Awang87 > 2020-12-08 13:56 | Report Abuse
Announcement jual assets dan announcement LTAT, one by one