Sutanto,I saw that article in the AFR (Street Talk)as well, but I am not an AFR subscriber so I can't post the article on this site.
However, the basic thrust of the article is that Centro needs a'gutsy' third party willing to invest for a 'high risk high reward and it suggested, on past experience, the Malaysian listed subsidiary of Mulpha the real estate estate,financial services conglomerate.
It has successfully,in the past, picked up distressed (my description) and turned them around eg Hayman Island,Intercontinental in Sydney and the very successful Norwest Business Park in Sydney.
As expected, Mulpha was not prepared to make a comment.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
