G Neptune said an integral part of the approved regularisation plan was the proposed acquisition of the entire equity interest in Southern Score Sdn Bhd from Super Advantage Property Sdn Bhd for a purchase consideration of RM252mil to be satisfied through the issuance of 1.68 billion shares.
Additionally, the white knight, Mr. Gan will be restricted to sell a single holding of GNB for the first 6 months in order to stand together with the company and investors
The company current orderbook is being “compressed” in some manner as they cannot have too much of RPT contracts on hand during the RTO. Given how Platinum Victory held over 50 acres of land in Kuala Lumpur, chances are extremely low for GNB for register a drop growth for the next few financial years.
The Gan family and PAC shall be restricted to a moratorium similar manner in IPO. In other words, for the first 6 months, the family cannot sell a single holding of GNB. With a strong interest from fund managers at this juncture, the expected liquidity in market should be very low.
Memang betul. Dengan 'gabungan' syarikat Southern Score, GNB bukan sahaja menyelesaikan masalah hutang yang tinggi, bahkan akan menjana lebih pendapatan pada masa hadapan
Recently just read some famous blogger mentioning about GNB, which also highlighted about dividend policy. I think is attractive enough once the RTO done and relaunch.
shareholders’ approval marked a key milestone for G Neptune’s proposed regularisation plan which is expected to address the company’s Guidance Note 3 (GN3) status, as well as return it to a stronger financial standing and profitability.
G Neptune said an integral part of the approved regularisation plan was the proposed acquisition of the entire equity interest in Southern Score Sdn Bhd from Super Advantage Property Sdn Bhd for a purchase consideration of RM252mil to be satisfied through the issuance of 1.68 billion shares.
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....
The1913Sun
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Posted by The1913Sun > 2022-09-23 13:56 | Report Abuse
G Neptune said an integral part of the approved regularisation plan was the proposed acquisition of the entire equity interest in Southern Score Sdn Bhd from Super Advantage Property Sdn Bhd for a purchase consideration of RM252mil to be satisfied through the issuance of 1.68 billion shares.