Unlikey in my view. As at 30 June the value of CPK on the CIY balance sheet was around $40m from memory. That is now almost zero. So CIY's net assets are much lower than the figure from 30 June. They could in fact be negative.
And how sustainable are the fees from the trust when the trust doesn't even have enough cash flow to make bank repayments and pay investors monthly interest?
takeover prospects, page-2
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