Great outcome. 6% of non-core Cheekah-Kemayan has been a great investment, but clear to me that Prosper no longer sees a small % of a large palm oil plantation as a useful diversification for CII. Better for Prosper to amalgamate directly into their main holding. Over the last year CII's strength has emerged from phosphate, into a wider physical commodity trader supplying via our Asian/African logistics network. The growth has been phenominal and profitable. Could the main reason for this sale be to drop a dollop of cash into CII, to fund further expansion plans quickly. Sleepy CII is waking up
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- Ann: A$51.5M SALE OF PHOSPHATE RESOURCES MALAYSIAN PALM OIL SUBS
Ann: A$51.5M SALE OF PHOSPHATE RESOURCES MALAYSIAN PALM OIL SUBS, page-2
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