"The plan, announced on June 16, and agreed unanimously by the board, involves spinning off GPG's A$580 million (NZ$714m) of Australian assets into a separate company to be run by director Gary Weiss. GPG's remaining $1.2 billion of assets, including $220m in cash, would remain with the existing company, with shareholders getting a stake in each. "
Sounds like they have $220m cash, from my very limited research.
AEJ Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
