16-10-2012, 10:49 PM
(16-10-2012, 10:01 PM)toiletsiao Wrote:(16-10-2012, 02:12 PM)kbl Wrote: 1890 m + 530.9 m divide 473.3m = $5
The GEH group will realize a total pre-tax gain of approximately S$2,183.7 million, based on historical book cost, arising from the sale of APB Sale Shares and F&N Sale Shares. The average historical book cost per APB Sale Share and per F&N Sale Share as at 31 March 2012 were S$2.13 and S$0.98, respectively. On completion, most of the gains would accrue to the insurance funds with the balance to the shareholders’ funds. Based on the price of S$45.00 per APB Sale Share and S$8.88 per F&N Sale Share, in respect of the shares held through shareholders’ funds of the GEH group, GEH group will realise a post-tax gain of approximately S$421.6 million from the sale of the APB Sale Shares and the F&N Sale Shares
421mil is realized as profit to GEH
Hi Toiletsiao san,
yes 421m is realized as profit to GEH.
If GE did not sell APB and FNN-there will be no $5-there will be no 421m profit.
All eyes will be on OCBC on what they are going to do with the $5?
Not a call to Buy or Sell
Mr Bump: All I Can Smell Is My FEAR
Mr Bump: All I Can Smell Is My FEAR