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RFL 16.5¢

Finzsoft Takeover

  1. Ivanovich

    2,571 Posts.
    17
    Link to Finzsoft takeover offer at $3 a share. Finzsoft 65% holder has formed joint venture with Malaysian company, Silverlake , Silverlake HGH. Dividend of 14 cents declared and current SP of $3.26 so RFL holding valued at 1,659,960 x 3.40 is $5.6M on a book value of $1M . With RFL's 19% stake and related party offer you would think Rubic management have a fair amount of leverage to educe a higher offer. We could speculate given the market cap of Silverlake as a 51% partner of Silverlake HGH they may have plans for Rubic given it's current SP.

    https://www.nzx.com/files/attachments/207241.pdf

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