Scott20 Feb 2014 08:09
Mr Koo used to work for the lender (Mayne) and has always had a good relationship with them hence no interest on the debt, nut to cancel it completely is beyond our wildest dreams. No tax implications either. Puts us in an incredibly strong position regarding the sale of the Mall which continues to increase in value. Profitable company inits own right, divi paying, now no debt and half of a mall in China. Anything I have mised?