K1 Ventures

[desmondxyz]

I think what he meant is the book value of Helm... Indeed k1 bought it for 472mil in 2005, but after years of distributions and debt reduction, book value of helm is much lower now

Hi Desmondxyz san,

here is the link

http://rhbosk.ap.bdvision.ipreo.com/NSig...7e63507992

**K1 bought Helm in 2005 for USD110m**

K1 Ventures will own 80.1 percent of Long Haul at a cash value of $110 million after the acquisition, the company said.

I don't know about accounting, K1 bought it for $472 mil and own it at a cash value of $110 mil, can any guru explain the figures here?

One thing for sure, Mr Goh is quoting this number($110 mil) in his report.