Homepage
PR Newswire
Chiu increased his stake to 7%
Acquired remaining 20% of BBR Msia
If I interpreted correctly, they are acquiring the 20% BBR Msia at PE <5 and using BBR Holding new shares to pay for it.
The price of BBR Holding new share is S$0.31.
WAH? seems like very good deal!
Although at S$0.31, it is still lower than Book Value.
It is arguably that the more logical move is to just buyback BBR Holding shares.
However, it seems to me that Msia is the only unit with meaningful profit and outlook seems to improve.
Maybe that's why.
<vested>
Acquired remaining 20% of BBR Msia
If I interpreted correctly, they are acquiring the 20% BBR Msia at PE <5 and using BBR Holding new shares to pay for it.
The price of BBR Holding new share is S$0.31.
WAH? seems like very good deal!
Although at S$0.31, it is still lower than Book Value.
It is arguably that the more logical move is to just buyback BBR Holding shares.
However, it seems to me that Msia is the only unit with meaningful profit and outlook seems to improve.
Maybe that's why.
<vested>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".