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landmark bee investment agreement, page-3

  1. gefi
    1,229 Posts.
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    29/06/11
    09:47
    Post #: 8601605
    This is the main massage for me:

    "It will assume the ZAR215 million intercompany loan that has accrued between CCL and Masawu since October 2008 and has further agreed to repay ZAR140 million (approx. US$20m) upon settlement"

    The new BEE is not short of cash.

    Gefi
    CCC Price at posting: 38.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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