Business

Win-win proposal for Road Builder, Econstates?

By Online Investment Advisor Surf88.com On Writes On Prospects For Road Builder and Econstates

A win-win proposal? 

ROAD Builder (suspended at RM3.78) has proposed to sell its 70% stake in RB Land to its 32%-owned associate Econstates (suspended at RM1.14) for RM253.7mil, to be paid via the issue of new Econstates shares at RM1 per share.  

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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