“Frankly, we don’t run S5, so we don’t know the reasons for the delay. As it is, S5 asked for an extension; they told us the transaction is progressing further, so we agreed. From our perspective, we have been waiting for so long, we wanted this deal to go through,” he says.
Lee, however, points out that there are other candidates knocking on the door as they are interested to take over the listed status of Ancom Logistics, which is 33.96%-owned by Ancom.
“To us, whoever the buyer is, it doesn’t make a big difference to the direction of the group going forward because we would be diluted to a minority stake post-RTO. After all, we are just surrendering our listing vehicle as part of our consolidation plan to refocus on our core businesses,” he explains.
Enough lessons learnt for Ancomlb. I think it is high time that Ancomlb changes its future strategies ; move forward with more dynamic spirit and not to let Ancomlb's shareholders and investors disappointed again.
High5, I think everyone of us hope the same. Your ideas and facts are also very good especially you reacted with the contranian way while the share prices were still low.
Investing_bursa, Wah ! You are so happy today. I understand that you attended the ANCOMLB general meeting last year. If this coming general meeting you are going to attend, would give them some suggestions and bring back to us some good news.
Please don't talk about S5 anymore la. Like damn lame la. What kind of lousy company , deal RTO already supposedly join let Iris kick out and can't do anything. Baliklah...
Not marah, just think that its ridiculous that the tender was entered together with s5 to complete the system but once Iris received the contract, s5 suddenly kena kick out like that. And they don't even have enough bullet to remedy the contract between them. I mean, its a huge mistake for a company to make on a project valued at 1billion. If its a 10k project, understand la. What is this type tahi kucing management doing in S5. Incompetent.
T800Terminator, To privatize, the investors may end up loss-making if the offer price is lower or much lower than the market price Sometimes, it can be quite unfair to the investors if the company opts for privatisation.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....