MSC minerals corporation limited
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non renounceable offer in ccg

  1. nicto
    1,214 Posts.
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    11/11/04
    22:25
    Post #: 653170
    Anyone looked at this yet? I am really dubious. MSC is selling its shareholding in Sinotel Ltd into a new Co. CCG for about $3.5m. yet there is no value anywhere to be found for Sinotel in the MSC 2004 annual report.

    Sinotel from what i can find out has an unused telcommunication asset in China. MSC is going to Underwrite $1m of a $7m raising for CCG. BUT if less than $1m is raised it does not have to proceed.
    Is this a good way for MSC to flog off a worthless asset at the expense of subscribing shareholders?
    NIC
    MSC Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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