, Can-One has said the disposal is expected to result in a net gain of RM610.8 million based on the floor price of RM800 million, and RM810.8 million based on the maximum price of RM1 billion.

Theoretically, Can-One’s NTA per share could increase by between RM3.17 and RM4.21.

But such impressive figures — higher NTA per share and net profit — within a short time have a price, which is reflected in Can-One’s debt position. Its net gearing ratio tripled from 0.51 times on Dec 31, 2018, to 1.6 x