Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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youcan'tstopusnow wrote:sparkly,I didn't hear of that.
Only thing I know is that the company divested from RVRI by selling its10% stake for 330 million.
In its full year ended 31 March 2010 statement, its stated that it acquired 22% of carbacid worth 419 million and received a dividend income of 42 million from this.
"By the time we were closing our books on March 31 2010, the value of this investment had risen to 887 million and we had received 42 million in dividend income", said Mworia yep they're still in carbacid.......doubt they will get a better deal for a LOONG time!!
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