al legasov's comment on AMFIRST. All Comments
al legasov
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I have written a letter to their CFO, actually, they can issue a new 70% of shares, 20% new issue shares + 50% right issue, if they max out the quota, then the new total outstanding shares will increase from 686.40 to 1166.88 million shares. Actually this reit securely destroy shareholder values, DPS and share price keep drop from year to year...
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3 years · translate ·
Allan Tan
lousy management
1 Like · 3 years · translate
Nvaocred
why do they need to issue new shares?
1 Like · 3 years · translate
yutaka tong
shift to other reits to get the same dividend lower risk
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al legasov
@nvaocred because the gearing ratio over 50% they need issue more shares to pay off the debts
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Ricardo Siau
Hopefully it will be privatized like amprop, problem solved, everybody happy
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