I doubt it would be for acquiring an operation in the Philippines, though who knows - I can't see the sense in dropping $300m (assuming it's all for that purpose) on the Philippines market, when remember Quadpay cost $400m. If they want acquisitions you'd think Canada, UK or Europe would be a better option. Maybe it's to acquire the remaining stakes in their current strategic investments, although again with the focus strongly on Quadpay/US it's unclear why make this move now. Also get the f*cking US listing up not this stuff.
Ann: Trading Halt, page-120
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$2.79 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 11942 | $2.78 |
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|---|---|---|
| $2.79 | 30971 | 2 |
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