RE: Chaebol and kat same person10 Jan 2026 10:56
This is what it said in the interims about Semnet:
It is currently expected by the GST Board that this will see the return to the Company US$800,000 of cash consideration, the 58,844,713 consideration shares issued to the Sellers and a payment in Singapore Dollars equating to approximately US$300,000 to cover the Company's operational costs. Further updates will be announced as appropriate.
Emphasis on the first line, which says the GST Board expects this outcome.