♦ Acquisition of Boilermech. QL proposed to acquire a 40.51% equity
stake in Boilermech for a purchase consideration of RM29.2m, to be
satisfied by internally generated funds. We estimate that based on QL’s
latest quarterly report, the purchase will increase its net gearing level to
62%. The purchase is expected to be completed by end-Oct.
QL Resources Berhad : Acquiring 40.51% of Boilermech - 05/10/2010
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