Blog: Updates On Scientex - Bursa Dummy

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2 comment(s). Last comment by sense maker 2015-03-27 17:32

peterwkc

188 posts

Posted by peterwkc > 2015-03-27 17:20 | Report Abuse

Mr Tan, What is the meaning of Proceeds arising from dilution of interest in an existing subsidiary?

sense maker

794 posts

Posted by sense maker > 2015-03-27 17:32 | Report Abuse

This proceeds was received into Scientex group when the subsidiary issued new ordinary shares that Scientex holding company (ultimate or intermediate) did not subscribe. The money was pumped in by minority shareholders in that subsidiary.

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