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more actions will be taken against MMSS soon

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Upon completion of the proposal, Parkson’s effective equity interest in PRA will be diluted from 67.6% to 35.9% which will results in lower earnings contribution to the PHB Group going forward. For illustrative purposes, the dilution is expected to hit Parkson FY16E net profit by 15-20%.

Parkson Holdings Bhd has proposed an internal group reorganisation that will see its Singapore-listed subsidiary Parkson Retail Asia Ltd (PRA) being parked under Hong Kong-listed Parkson Retail Group Ltd (PRG).

Parkson Holdings told Bursa Malaysia that its unit East Crest International Ltd, which owns 67.6% on PRA and 52.7% in PRG, would sell its entire stake in PRA to PRG’s wholly-owned subsidiary Oroleon (Hong Kong) Ltd for S$228.51mil (RM637.65mil).

Parkson Holdings’ effective equity interest in PRA will be diluted from 67.6% to 35.9%, which would result in lower earnings contribution to the Parkson Holdings group going forward.

Parkson Holdings said the proposal was intended to consolidate the retail business of PRA, which has a presence in South-East Asia, with that of PRG, which operates a similar business in China. The PRA group has a network of 67 stores (including one supermarket) in Malaysia, Vietnam, Indonesia and Myanmar, while PRG operates 61 stores in China.

In addition, the proposal will enable Parkson Holdings to raise cash proceeds of SG$228.51mil.

It plans to use the cash proceeds for business expansion, new investment opportunities and/or working capital within two years.

Parkson Holdings said barring any unforeseen circumstances, the proposal was expected to be completed by the fourth quarter of this year.

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so sohai Tena, we would like to know more about you, may i know where are you from, your qualification, please, sohai

let us welcome another so.hai to join the discussion, Tena, you are welcome, idiot Tena

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cannot support already, 1.00 coming

QPR collapsed, followed by Airasia, one by one, TF is finished

below RM1.00 possible ?

collapsed

short sellers attack again, this time Airasia game over

panic panic panic selling, new 52 weeks low, 1.20

Q 1.40 and 1.37

Bought Parkson at 1.43

Bought Parkson at 1.45

nowadays CFA no more value, rubbish ! wasted money to study this rubbish paper, CFA

Parkson no more funds for share buyback, more legal proceedings against Parkson in China expected

unable to get any new contract, 5 rigs idle, soon it will trade below RM1.50

i think Airasia staff start looking for new job now

folks, sell all your Airasia shares while it is still above RM1.50, expecting another panic selling in three to four weeks' time pulling the share price below RM1.00

Once confirmed Tony unable to get new investment, Airasia will trade within 0.50 - 0.80

Airasia is hopeless !

yes, better cut loss and clear all your Airasia shares before too late, buy ecoworld, same price, another giant in the making

eventually Airasia will be delisted, another Mas in the making

follow by India Airasia on equity, Airasia collapsed is matter of time, next week panic selling, below RM1.00 soon

Greece confirmed default

tomorrow 1.45

panic panic panic sellingggggggggggggggggggggggggggggggggg

panic selling panic selling, new target price by GMT, 0.96, GMT issued second report to its clients

all short sellers will attack Airasia again, this time may be below 1.20, cautious

Monday first thing in the morning, sell Airasia, may be open already 1.55, sell before too late, may be Monday will drop 20 cents

Parkson 1.20 is matter of time, collapsed !

PANIC PANIC PANIC PANIC SELLING PANIC PANIC PANIC PANIC SELLING

foreign funds will sell like no tomorrow on Monday, panicccccccccccccccccccccccccc