by winston » Wed Jun 25, 2014 9:58 am
not vested
Longcheer Holdings has entered into a conditional sale and purchase agreement with First Prosperous International in relation to the disposal of its entire interest in its wholly-owned subsidiary, Mobell Technology for an aggregate cash consideration of RMB240m.
The proposed disposal is conditional upon the company distributing RMB450m from
(i) its total distributable profits and retained earnings; and
(ii) the net proceeds from the proposed disposal to its shareholders, by way of a cash dividend.
Source: DBS
It's all about "how much you made when you were right" & "how little you lost when you were wrong"