Read the fine prints of the results guys.. its due to tax liabilities of capital expenditure. Actually i shld not highlight this so all will just think otherwise and sell tmrw and i can go in again cheaper. Haha
Longranger.....thanks bro...all sellers are alarmed on the drop in net profits. Guess many did not read the full results or understand why the drop. Thus i foresee the selling this morning and started the buy q. I was lucky some panic sellers threw to me W at 1.22. Was just lucky
GUAN CHONG BERHAD ("GCB" OR "THE COMPANY") PROPOSED DISPOSAL OF 5,550,000 REGISTERED SHARE CAPITAL WITH A SINGLE NOMINAL VALUE OF RM1 AND A TOTAL NOMINAL VALUE OF RM5,550,000 IN FUJI GLOBAL CHOCOLATE (M) SDN BHD ("FGC") (FORMERLY KNOWN AS GCB SPECIALITY CHOCOLATES SDN BHD), REPRESENTING 27.75% OF THE TOTAL SHARE CAPITAL IN FGC, TO FUJI OIL ASIA PTE. LTD. FOR A TOTAL CONSIDERATION OF RM32MILLION
Sales and Purchase Agreement for acquisition of 50,000 ordinary shares, representing 100% of the total registered share capital of Schokinag Holding GmbH ("Schokinag") has been executed and completed. Hence, Schokinag is considered as a wholly-owned subsidiary of GCB Cocoa Singapore Pte Ltd, a sub-subsidiary of GCB starting Q1 2020
Longranger....hi bro, pls dun say tat. I neither sharp nor brave. I m just bottom fishing and never thought the price i q can be done. And end up was all done. So now time to get scare:(
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Agjl
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Posted by Agjl > 2020-02-25 00:40 | Report Abuse
Read the fine prints of the results guys.. its due to tax liabilities of capital expenditure. Actually i shld not highlight this so all will just think otherwise and sell tmrw and i can go in again cheaper. Haha