"On 23 April 2021, the subsidiary of the Company, BIEC Sdn. Bhd. (formerly known as Bintai Integrated Engineering & Construction Sdn. Bhd.) ("BIEC"), has allotted 30,500 new ordinary shares to a third party with a total cash consideration of RM30,500 and the ownership of the Company was reduced from 100% to 19.74%. The Company has ceased control of BIEC and a deemed disposal of BIEC has been recognised."
"Despite the decline in the revenue by 10.41%, the Group's profit before taxation rose by 185. 78% of RM1 .26 million in the current quarter under review from a loss before taxation of RM1 .46 million in Q1 2021. The improved profit before taxation mainly contributed by a gain on deemed disposal of a subsidiary, BIEC, of approximately RM3.30 million."
Can someone englighten how a disposal of 80.21% in BIEC considered as gain in RM3.3 million?
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....
Skylight8
146 posts
Posted by Skylight8 > 2021-08-30 12:25 | Report Abuse
0.550 today... Wednesday only limit up.