Patrick sifu, dispose for RM15mil, but still incur RM1.2mils loss?
The Disposal Consideration shall be paid in the following manner:- (i)A sum of RM1,500,000 only shall be paid by the Purchaser to GPHSB as payment of the deposit upon the execution of the SSA; and
(ii)The balance sum of RM13,500,000 only shall be paid by the Purchaser to GPHSB in the following manner:- (a)on or before the 30thSeptember 2017, the sum of RM3,000,000 only; (b)on or before the 31stDecember 2017, a further sum of RM3,000,000 only; (c)on or before the 31stMay 2018, the balance sum of RM7,500,000 only. Late payment of any installment as set out above shall subject to late payment interest at the rate of eight percent (8%) per annum.
so fast sell already, as per management guidance last quarter, they want to divest non-core business. 1.2 mil disposal loss is actually lower than yearly losses incurred in current plantation division. Instead of waiting for another 2-3 year to see profit in plantation, they opt for cash now to strenghten their war chest.
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tksw
12,835 posts
Posted by tksw > 2017-07-10 00:32 | Report Abuse
dunno how much the penggoreng wanna press