Millennium Investment Asset Sale Far Above Carrying Value

Millennium Investment and Acquisition Company ("MIAC" trading as OTC:SMCG)¬†has begun realizing proceeds from sale of its minority stake in SMC¬†Global Securities, an Indian brokerage business, at a price significantly above the carrying value in MIAC's most recent financial statements. MIAC History The company came public in 2007 as an India-focused SPAC and purchased 15% of … Continue reading Millennium Investment Asset Sale Far Above Carrying Value

Advertisements