I. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN APIIT SDN BHD (“APIIT”) TO ILMU EDUCATION GROUP SDN BHD (“ILMU”) AFTER THE PROPOSED REORGANISATION FOR A TOTAL CASH CONSIDERATION OF RM58,000,000 (“PROPOSED DISPOSAL OF APIIT”);
II. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN ASIA PACIFIC UNIVERSITY SDN BHD (“APU”) TO ILMU FOR A TOTAL CASH CONSIDERATION OF RM161,988,000 (“PROPOSED DISPOSAL OF APU”); AND
III. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 37.61% INTEREST IN ASIA PACIFIC INSTITUTE OF INFORMATION TECHNOLOGY LANKA (PVT) LIMITED (“APIIT LANKA”) TO ILMU FOR A TOTAL CASH CONSIDERATION OF RM27,000,000 (“PROPOSED DISPOSAL OF APIIT LANKA”)
(The above are collectively referred to as “Proposed Disposals”)
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 16 March 2016.)
We refer to the announcements dated 16 March 2016, 24 March 2016, 10 June 2016, 15 June 2016, 15 July 2016 and 28 July 2016 in relation to the Proposed Disposals.
On behalf of SRB, we wish to announce that ILMU and SRB have today agreed that all the Conditions Precedent in relation to the SSA have been duly fulfilled and satisfied.
theong , very weird why people know will get 11.5sen later but why still keep selling . any thigs I should know, why today all good counters keep going up but only this good counter down plwase expalin , new enter here , please
Ha...ha...this counter is getting more & more un-explainable. About the 11.5 cents dividend, it's stated in the last report, once the S&P done deal, dividend will be issued when full payment received. Actually it's this 11.5 cents announcement dragging the price down since market expecting it to pay more, not as 'kacang' as this.
TheRealTurboChart and KW0203 thanks for sharing but why selling now if let say div 11.5 , if sell now consider sell at 1.05 - 0.115 = 0.93 why sell now, if want to sell better over the 11.5 sp dividend date expired then only sell mah because 11.5sen for sure we can get, so now I quite shot why people keep selling like no tomorow 11.5sen is not a small amt 11.5/105.00= 10.9% dividend why no people want 10.9% dividend and cash dividend right ?
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....
KW0203
98 posts
Posted by KW0203 > 2016-08-09 09:53 | Report Abuse
Since turbochart suddenly so active again, must be something going to happen (just not sure good or bad)