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  1. kevin103
    16,218 Posts.
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    22/01/22
    23:41
    Post #: 59066296
    It is USD$35mil or circa SGB$48mil which is about the same in AUD terms.

    So yeah we spent AUD$42mil on some finance marketing company vs potentially spending $6mil more to get a stake in an Indonesian BANK and expand into Indonesian market gaining a strong foothold via tie up with a BANK

    I know what I would pick any day of the week.

    But of course, the $42mil somehow had to be kept in the system hence it went to IDSB instead of an operating Bank with greater oversight and scrutiny? smile.png
    Last edited by kevin103: 22/01/22
    IOU Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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