01-12-2016, 02:00 PM
(This post was last modified: 01-12-2016, 02:01 PM by desmondxyz.)
(01-12-2016, 01:03 PM)cyclone Wrote:(01-12-2016, 10:55 AM)BlueKelah Wrote: Simply put it seems like a debt to equity swap?
sent from my Galaxy Note 7
Yes. For Chuan Hup, it is a debt to equity swap.
Swap for some shares of MSH. MSH has a 50% interest in PSDH which is the sole shareholder of PSD.
PSD is the target of acqusition of LH Group. Chuan Hup gets some shares of LH Group.
Current share issued by LH is 15.7mils, RTO will issue 193.3mils new shares @ 60cts. Upon completion, LH enlarged share base will be 209mils. CHH will hold ard 28% of RTO'ed LH.