China Bearing, now a cash company

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9 years 3 months ago #22369 by Big Fish
Announced disposal of operating biz. To receive S$15 m in cash, which is equal to 5 cents a share. Negative reaction to news, with share price falling to 3.8 cents this morning. Maybe not, it's just profit taking becos the share price had spiked up (prob on insider news) before the announcement -- from about 2 cents to nearly 5 cents. Deal Completion in Dec 2015, take note.

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