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Means + 1.5c by month end, will get 6.5c in 2 months time, about 23.6% of dividend.
Yet, Willow will lose the core business but will have funds to acquire new business + the 37.8% shares of Elixir II.
pending sale of Willow's core business to Elixir II for RM215.2 million is higher than the company's entire current reported asset.
A large portion of the operating assets (like receivables and inventory tied to the sold business) will be removed from the balance sheet (means like completely no bad debt!!!)
RM112 million in immediate cash plus shares in Elixir II, drastically increasing the cash and investment holdings while reducing operational assets.
