saw this in Annual report, anyone know the status?
On 28 April 2015, the Group had entered into a Memorandum of Understanding (“MOU”) with Kenali Barkat Sdn. Bhd. proposed to dispose of its entire 2,000,000 ordinary shares of RM1.00 each in Sokor Gemilang Ladang Sdn. Bhd. (“SGLSB”), a wholly owned subsidiary company of MBLPlantation Sdn. Bhd. for a total consideration of RM35,100,000. As at 31 December 2014, the assets and liabilities of SGLSB have been presented on the consolidated statement of financial position as a disposal group held for sale and results from this subsidiary company is presented separately on the consolidated statement of profit or loss and other comprehensive income as discontinued operation. The disposal of the subsidiary company is due to be completed on financial year2016.As at 31 December 2015, final negotiations for the sale were in progress.
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....
jc8888
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Posted by jc8888 > 2016-07-21 11:18 | Report Abuse
saw this in Annual report, anyone know the status?
On 28 April 2015, the Group had entered into a Memorandum of Understanding (“MOU”) with Kenali Barkat Sdn.
Bhd. proposed to dispose of its entire 2,000,000 ordinary shares of RM1.00 each in Sokor Gemilang Ladang Sdn. Bhd.
(“SGLSB”), a wholly owned subsidiary company of MBLPlantation Sdn. Bhd. for a total consideration of RM35,100,000.
As at 31 December 2014, the assets and liabilities of SGLSB have been presented on the consolidated statement of
financial position as a disposal group held for sale and results from this subsidiary company is presented separately
on the consolidated statement of profit or loss and other comprehensive income as discontinued operation.
The disposal of the subsidiary company is due to be completed on financial year2016.As at 31 December 2015, final
negotiations for the sale were in progress.