Kiri Industries: Loan reduction and demand surge

94ab6f6dba2311f0840afa163e957f7a (1).pdf (57.4 KB)

The communication they have kept vague.there is no date when they submitted to the govt department and how long it is pending.I think its going to be long haul.
Disc : Invested

Attended concall. Even manangement feels Longshen buying fructifying is 50% chance given long history of mistrust. They say they opposed extension. They say more extension could be given as totally in hands of receiver. It seems there is another bidder too besides Kiri themselves so they still seem the deal will be done even though a bit late. Last resort they seem prepared to buy Dystar themselves too. The fact promoters getting money from the company to buy shares is plainly obvious as loand have gone up by almost by exact amount as warrants converted in these six months. Disclosures remain poor. Copper guy came on concall

1 Like