Came across this report from reuters while trying to see where where a $1 incorporated cayman company like infiniti fits into the current take over -
Wednesday, 28 Sep 2011 06:10am EDT
Asiasons WFG Financial Ltd announced the disposal of a wholly owned subsidiary Infiniti Premium Resources Ltd (IPR), a company incorporated in the Cayman Islands, with principal activities of an investment holding company. IPR is currently dormant and has no investment in its portfolio. Pursuant to Rule 904(4), IPR is disposed to the directors of the Company and its subsidiaries, and the value of transaction is below SGD100,000.00.
I'll admit I'm new to shares and all that but the timlines don't make sense, if this company was disposed on the 28th how can it sign a deal on the 29th.
Can anyone make sense of this??
Add to My Watchlist
What is My Watchlist?