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lets see how the sga is trending in the next 2 consecutive qtrs. And the due diligence exercise outcome on RPM group. A GO decision means there will be a need for funding. Failure to recover the receivables timely means there is a likelihood of pp fund raising. A pp fund raising will destroy/dilute the earnings; no longer attractive in my personal opinion.
No longer a surprise that it's loss making :) It's a question of whether a structural or temporary problem. Glad that the boss is reducing its stakes. Never a good idea for major shareholder to hold more than 50%. Wondering who will be the new substantial shareholder since it's a DBT.
Direct business transaction, hktee. Offline negotiation between the boss and another party; willing buyer willing seller deals . Don't have to disclose the buyer's name unless shareholding percentage touches 5% or more.