According to Bursa announcements: Two closed period transactions - Mr Khoo Chee Kong (27.13% stake on 23 June 2020} and Datuk Tan Choon Hwa (1.18% stake on 24 June 2020). Looks like a RTO? Not sure at what price either. Any input?
No big deal. The losses mainly due to fair value loss of RM5.1mil.
It’s just paper loss.
Explanation:
Ni Hsin owns 14mil shares of Caely which is also listed on Bursa. Caely share price at 31 Mar 2020 is lower vs. 31 Dec 2019. So that’s how the fair value loss came about, the difference in value of Caely share on 31 Mar 2020 vs. 31 Dec 2019.
On the balance sheet, Caely shares is under "Other investment" item.
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misk_72
152 posts
Posted by misk_72 > 2020-06-19 23:25 | Report Abuse
Ni Hsin enters collaboration, distributorship agreements with WTK...best buy