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Not much details provided in the report for the non-cash goodwill impairment, ong whey. Shareholders can only draw conclusion based on available info. These are my opinions looking at the report - As it is a goodwill impairment, that means PHB would have ceased control over the particular assets. Its not Vietnam and that leaves us with the line item of non-current assets held for sale in page 3 and page 11 corporate proposal - properties in Qingdao city. These properties were acquired back in 2004 and the net book value as of end of 2022 is 83.5M. The goodwill for these properties amounted to 63.5M. Most likely the corporate proposal is making progress :)
You are welcome, Caleb. Not sure how much will be the gain on disposal / net proceeds when the corporate proposal is completed though. Just my opinions, could be wrong :)