ks55Closure of loss-making store in Hanoi only after 3 years of operation. What does it reflect? Calibre of PHB management substandard? Directors not competent?
What we know is Departmental Store normally sign long term irrevocable lease with landlord. How many years lease was signed? What will the compensation like? What about renovation and one off startup cost? What about staff retrenchment cost?
Is PHB plan for another store in Hanoi? Is PHB plan to exit Hanoi?
How much is the potential write off (Loss) for all the above mentioned cost, excluding preliminary set up cost involving meetings, site visits etc... etc...
As CEO, WC should hold responsible for this failure. If you think he can be forgiven because of his advanced age (72 this year), why not vote him out? If not possible, then cast your votes with your legs. AEON always welcome you!!!
AdCoolIf not mistaken, I think the Vietnam business CEO has been replaced few months back?
ks55It is imperative whether Vietnam CEO was replaced. Who decide to set up the store in Hanoi? Was Hanoi CEO appointed after the store was set up(or while was setting up)? Lack of diligent and comprehensive study always end with failure just like Megasteel.
WC is already an old man. He can no longer fly here fly there and attending never ending board and management meetings.
ks55What WC good at is to manipulating PHB closing price every evening.
AdCoolShares buy back has slowed down for the past one week. Is it because of cash allocated for buyback has been exhausted or the price has stabilized and there's no need to support the counter price anymore?