They are acquiring the remaining 50% of CIA for 0.6 times FY2011 earnings, which equates to 0.4 times FY2012 earnings. They are paying with shares issued at 20 cents vs current share price of 10 cents, so effectively they are getting it for 0.2 times FY2012.
What the........
They are acquiring the remaining 50% of CIA for 0.6 times FY2011...
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