Ellipsiz

[cif5000]

http://infopub.sgx.com/FileOpen/ReplytoS...eID=455938

The Company continually explores and reviews strategic opportunities to enhance shareholder value. It has recently entered into a non-binding letter of intent (the “LOI”) with a third party to explore further such an opportunity concerning certain assets of the Group (the “Potential Transaction”). The LOI sets out in broad terms basis the salient terms and conditions of the Potential Transaction in order to facilitate the negotiation of the terms and conditions of a definitive agreement (the “Definitive Agreement”). Save for, inter alia, certain exclusivity and confidentiality obligations, the LOI does not create any legally binding obligation for any party to proceed with the Potential Transaction. Neither party to the LOI is bound to undertake the Potential Transaction until the terms are agreed upon and a Definitive Agreement and all other relevant agreements are executed. The Company will make such further announcement on the Potential Transaction as and when appropriate and in accordance with its obligations pursuant to the Listing Manual of the SGX-ST.

Stock closed at $0.685 yesterday. NAV per share was 76.21ct as of Mar 2017. NTA was significantly lower due to intangible assets. 

What would be a good transaction price, I wonder? Let's wait...