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this QR expect to have a poor QR due to the scandal temporary write off..even though they are recovered, doubtful the cash will be given to mbsb due to litigation proceedings.. temporarily looks like mbsb will have to fork out the cash to victims to restore confidence in their bank..let's see how the QR plays out..
there could be a chance that midf may have been over valued, hence mbsb issue the shares at an over valued price. if you were in PNB's shoe's, would you have taken the deal if your company is valued accordingly? food for thought..
