13-11-2014, 02:28 PM
This is because the payments have not been received by MIIF.
(13-11-2014, 02:23 PM)pattanispirit Wrote: anyone know why the latest result released on 12 Nov, indicated zero income from HNE ?
The operating expense + director fees + management fee is S$1.888 mil.
The 3 month Revenue ended 30 Sep 14 indicating RMB 159.8 mil, but zero distribution goes to MIIF.
Even last year's same period reap RMB 139.2 mil, there are RMB 12.1 mil went to MIIF distribution.
Last year EBITDA was RMB 111.4 mil - only 10.86% went to MIIF distribution.
where was the rest of 89.14 % went to ?
currently, with one asset remaining, the number of directors remain to be 6 and the directors fees exceeded last year's to almost double ! !