China Railway Group Ltd said the company and its joint-venture partner Iskandar Waterfront Holdings Bhd (IWH) will pay a combined RM5.28bil for their controlling 60% equity interest in Bandar Malaysia Sdn Bhd.
The figure, as disclosed by China Railway in its filing yesterday to the Hong Kong Stock Exchange, however, was lower than the RM7.41bil price tag announced on Thursday.
The discrepancy, however, could be due to the omission of the relocation cost for the Sungei Besi land, which some analysts had estimated at more than RM2bil.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The figure, as disclosed by China Railway in its filing yesterday to the Hong Kong Stock Exchange, however, was lower than the RM7.41bil price tag announced on Thursday.
The discrepancy, however, could be due to the omission of the relocation cost for the Sungei Besi land, which some analysts had estimated at more than RM2bil.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment