The Group is expected to realise a net gain of approximately RM1.13 million from the Proposed Share Disposal against the Group‟s NA as at 31 July 2016 of RM5.93 million, whilst at the Company level, SYF expects to realise a net gain of approximately RM2.06 million from the Proposed Share Disposal, against its cost of investment amounting to RM5.00 million as at 31 July 2016.
Most of the proceeds is in form of repayment of advances. If gain is slightly above RM1 mil, not much. The owner is just taking SYF to finance this business and than subsequently transfer to Mieco. But i think selling maybe good now since more cash less interest cost
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....
warchest
1,814 posts
Posted by warchest > 2018-01-18 22:02 | Report Abuse
See mieco. Another ah chai business. Same approach. Crook business