PETALING JAYA: Is Berjaya Corp Bhd getting value for its money for the 70% stake it has proposed to acquire in Ascot Sports Sdn Bhd?
The price tag of RM525mil for the stake works out to RM9.37 per share based on Ascot Sports’ paid-up share capital of RM80mil comprising RM1 shares. The acquisition price is valued at six times price-to-earnings (P/E) ratio.
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