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3 comment(s). Last comment by OrlandoOilSemiconIoT 2022-11-18 14:17

Gerard Lam

158 posts

Posted by Gerard Lam > 2022-11-17 19:10 | Report Abuse

Key facts:
1. ICPS has not been issued by DNeX Semi, so CGP has no right to subscribe for additional ordinary shares
2. SilTerra is and must always be 55% Malaysian owned, dispute will not result in favorable outcome for foreign parties trying to wrestle controlling stake purely for economic purposes
3. Last resort, CGP is more than welcomed to sell their 40% stake in SilTerra. Many others especially Foxconn waiting desperately in queue.
4. Most sellers today were retailers, institutions pop up to acquire DNeX shares at attractive prices
5. Cancelling LTA by CGP may result in huge penalties payable by CGP, but more than welcome if they do so. Free money for SilTerra + capacity can be better used for Foxconn for EV ambitions


6,654 posts

Posted by BobAxelrod > 2022-11-17 19:58 |

Post removed.Why?

Posted by OrlandoOilSemiconIoT > 2022-11-18 14:17 | Report Abuse

CGP would not want to have a SilTerra minus the licence

Good sense will prevail sooner rather than later

CGP will back off

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