...the Purchasers are allowed to exercise an option to complete the SPA on or before 30 September 2021 (“Purchasers’ Option”);
...upon exercising the Purchasers’ Option, 10% of the Disposal Consideration or EUR8.10 million (equivalent to approximately RM39.93 million) (“Deposit”) shall be paid by the Purchasers into the escrow account of the Notary. The Option Security shall then be returned to the Purchasers;
the balance 90% of the Disposal Consideration shall be paid within 10 market days after the Purchasers have received a written notice from the Notary
Repayment of bank borrowings (a) Within 3 months 200,000 .. Special dividend (c) Within 6 months 120,640 ...
The Board has decided to fix the special dividend at 20 sen per share.
If it continue rally up u guys are lucky.. but If dividend 20cent u guys must be ready to accept if the price drop 20 cent later...... could be back 0.024~0.280 range later especially many other counters have been like in a reset button nowadays...
The Board of Directors of PICB wishes to announce that the Purchasers had on 29 September 2021 exercised the Purchasers’ Option to complete the SPA pursuant to the terms of the SPA. The draft circular to shareholders in relation to the Proposed Disposal will be submitted to Bursa Malaysia in due course. The Board expects the Proposed Disposal to be completed by the last quarter of 2021.
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....
Zoom
1,193 posts
Posted by Zoom > 2021-08-27 15:21 | Report Abuse
noob operator