MSWG Weekly Newsletter 21 February 2024 (English)
WHY YIELD WHEN YOU CAN HAVE IT ALL?
With RM104.6 million cash and a low gearing of 0.03 times as of 31 December 2023, Fiamma does not seem to be in desperate need of liquidity. So, why Fiamma would “relinquish” its control of the two subsidiaries that own two prime lands in Kuala Lumpur to a related party?