OVER the last two weeks, KUB Malaysia Bhd
announced two sets of asset disposals that will see the company raise RM238mil.
That is no small sum for the company, considering that it amounts to more than KUB’s current market value, which stands at RM230mil. The RM238mil also works out to 42 sen per KUB share, which closed on Friday at 41 sen apiece.
It is noteworthy that KUB was already in a net cash position of RM28.34mil as of March 31,2020.
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