From PRN's IMO dodgy release today:
"DDH1 acquisition FY24 non-underlying impact
Having regard to the consideration that was paid and the high-quality nature of the assets that were acquired,
the market value of the DDH1 assets exceeds their current book value, resulting in a non-cash gain on acquisition.
Perenti will provide more specific detail in relation to the Purchase Pricing Accounting for DDH1 with the first
half FY24 results"
I hold our DDH directors responsible for this. There were plenty of opportunities to highlight the inaccuracies in the independent experts report. I really think it was fraud - but what would I know?
Ann: PRN: DDH1 Shareholders Vote in Favour of Scheme of Arrangem., page-9
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