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08-06-2011, 04:52 PM
I usually get nervous when companies used ambiguous terms like 'to enhance general corporate and working capital resources; and to provide finance for potential value-added acquisitions which the company may pursue as part of its strategic objectives and/or to reduce existing debts.'
It's as good as trying to tell us 'we dun know why we need the money but trust us we need the money; and if we cannot find any use for the money, we will use it to reduce debts'
I remember a blip in the ST the other day which MW posted here where it was reported that OSIM, in partnership with Perennial Real Estate submitting bids for commercially zoned land in Paya Lebar and Punggol. So if I want to make a guess, I would say that he could be raising funds for his real estate adventure.
Time will tell I guess.
It's as good as trying to tell us 'we dun know why we need the money but trust us we need the money; and if we cannot find any use for the money, we will use it to reduce debts'
I remember a blip in the ST the other day which MW posted here where it was reported that OSIM, in partnership with Perennial Real Estate submitting bids for commercially zoned land in Paya Lebar and Punggol. So if I want to make a guess, I would say that he could be raising funds for his real estate adventure.
Time will tell I guess.