$AsiaPhos (5WV.SG)$ ๐๐โโ๏ธ ~60% controlling stakes was owne...
$AsiaPhos(5WV.SG$ ๐๐โโ๏ธ
~60% controlling stakes was owned by the Ong family of Hwa Hong group. Its mines in China had been detained by local authorities since 2016 and seems relative good chances to be compensated. Total ~$90m has already written-off in AsiaPhos' book. If ~$90m compensation were materialised, AsiaPhos' NAV ~8ยข/share. Please always DYODD before trading.
~60% controlling stakes was owned by the Ong family of Hwa Hong group. Its mines in China had been detained by local authorities since 2016 and seems relative good chances to be compensated. Total ~$90m has already written-off in AsiaPhos' book. If ~$90m compensation were materialised, AsiaPhos' NAV ~8ยข/share. Please always DYODD before trading.
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