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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 day ago
also, what's with the strength of citydev?
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DeleteCITY Developments Ltd (CDL) has inked an agreement to sell its controlling stake of 52.52 per cent in Hong Kong-listed City e-Solutions Limited (CES) to China Tian Yuan Manganese Limited for HK$566.4 million (S$98.2 million).
The share purchase agreement signed on July 19 follows several announcements previously (as early as April this year) that discussions on the possible transaction were ongoing.
The sale by CDL's wholly owned subsidiaries to China Tian Yuan Manganese, an independent unrelated third party, at HK$2.82 per CES share is a premium of 119 per cent over the audited consolidated net asset value attributable to shareholders of HK$1.2867 per share as at end December 2015 and a 4 per cent premium over the volume weighted average price of HK$2.7038 on July 18.
Following the completion of the transaction, CDL will cease to have any interest in CES.
no wonder showing strength abnormally the past few months.
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