"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?
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Skylight8
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Posted by Skylight8 > 2021-08-30 12:25 | Report Abuse
0.550 today... Wednesday only limit up.