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sorry my bad, forgot to factor in the 40+% ownership of PNE PCB so should be around your figure of SGD 8 million.
Still a fair amount of cash coming in soon and good thing they are cashing out a good high price.
However will impact future revenue as well. With the emergency lighting division left as the main revenue which I think wont be growing all that much.
Wonder who they are selling it to, have not mention yet.
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12-06-2014, 11:42 AM
(This post was last modified: 12-06-2014, 11:54 AM by Harvest Time.)
PNE PCB Berhad suffer small losses. Hence it a good corporate move to dispose at good price.
Assuming they dispose PNE PCB BHD at market price, cash increase (assume $8m) from $18.571m to $26.571m
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13-06-2014, 03:34 PM
(This post was last modified: 13-06-2014, 03:36 PM by Harvest Time.)
PNE Ind has 42.8% stake of PNE PCB Berhad.
Market cap is MYR$51.94m
Exchange rate is 2.57473
==>
0.428 * 51.94m /2.57473
= S$8.634m
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PNE Ind has 42.8% stake of PNE PCB Berhad.
Market cap increased to MYR$54.24m
Exchange rate is 2.57799
==>
0.428 * 54.24m /2.57799
= S$9.004m
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PNE PCB Berhad market cap is MYR$56.21m
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PNE PCB Berhad market cap is MYR$58.84m.
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PNE PCB Berhad market cap is MYR$59.83m.