Ausgroup

[greengiraffe]

If your fundamentals are strong, there is no need to embark on complicated restructurings to "unlocked" value.

Only companies with weak fundamentals need such complicated deals.

Already warned buddies long time ago.

Take care
Vested Odd Lots
GG

More details about AusGroup relisting on ASX from OSK-DMG

AusGroup has revealed the details of the next key step towards its relisting onto the ASX. The RTO companies will be Kebun Sedenak Sdn Bhd and Tropik Sentosa Sdn Bhd (Target Group), whose assets include freehold land and a golf resort in Malaysia. "As insufficient information was disclosed, our valuation of $0.66 is for AusGroup only, and we leave as potential upside any incremental value arising from the RTO," says OSK DMG in a note.

The Target Group owns about 1,015 acres of freehold land in Iskandar Malaysia and intends to acquire another 47 acres for a total of 1,062 acres. They also own The Legends Golf & Country Resort, which is a master-planned resort comprising one 18-hole Jack Nicklaus-designed championship course, one 9-hole Arnold Palmer-designed course and other assets. The main business of the Target Group after the RTO will be property development and management.

http://www.theedgesingapore.com/the-dail...4-mil.html