yty industry located at sitiawan cannot be taken over bcos the major shareholder from india bought over yty is worth about 1.5 bil. Cannot be selling 1.0 bil to top glove.
@hyino cuz when a company acquiring another company normally they will pay a premium price, which means if a company is being acquired, it will normally receive extra profits in their accounts.
actually i am also not sure what would happen to the company being acquired. Would top glove share price goes up after acquiring comfort? Anyone knows how it works?
There is some growth value , brand value need include in their selling price. Comfort is fast growing company , revenue grow ,25% per year.. if you are owner.. you will sell your company for the price of market rate now ? I won't sell of price not attractive enough.
Not matter top glove take anot.. Comfort worth for price RM 1.20 with current result.. If so lucky top glove joint venture with comfort , it is bonus for us. Just go look at their revenue from 2015 until now.. you can find out how amazing of this company...
Cash Free ( high chance for business growth - on R&D or new factory ) , Able expand fast although fire accident happen ( Management good enough survive in bad situation )
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ks5S
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Posted by ks5S > 2017-10-24 14:37 | Report Abuse
yty industry located at sitiawan cannot be taken over bcos the major shareholder from india bought over yty is worth about 1.5 bil. Cannot be selling 1.0 bil to top glove.