C.I.mulls new investment opportunities
Publish date: Wed, 18 Jan 2012, 01:49 PM
C.I. Holdings Bhd is still evaluating new investment opportunities after disposing of Permanis Sdn Bhd, says its managing director Datuk Johari Abdul Ghani.
"Since after the disposal deal, there is nothing concrete yet, but we are looking at all possible business ventures.
"We do not limit ourselves to any industry except for the property and Oil and Gas sectors because I do not have experience and expertise in these two sectors," he told reporters after the company's extraordinary general meeting (EGM) in Kuala Lumpur today.
He said he is looking into the possibility of turning around companies, even unprofitable ones, as long as he is confident that he can improve the business and create value to the shareholders.
"I am open to any industry, as long as the business can make good money and maximise shareholders' value and it is at the right price," he said.
On the EGM, the shareholders approved the proposed capital repayment of RM71 million to the shareholders of CIH on the basis of RM0.50 for every ordinary share of RM1 each held in the company. -- BERNAMA
"Since after the disposal deal, there is nothing concrete yet, but we are looking at all possible business ventures.
"We do not limit ourselves to any industry except for the property and Oil and Gas sectors because I do not have experience and expertise in these two sectors," he told reporters after the company's extraordinary general meeting (EGM) in Kuala Lumpur today.
He said he is looking into the possibility of turning around companies, even unprofitable ones, as long as he is confident that he can improve the business and create value to the shareholders.
"I am open to any industry, as long as the business can make good money and maximise shareholders' value and it is at the right price," he said.
On the EGM, the shareholders approved the proposed capital repayment of RM71 million to the shareholders of CIH on the basis of RM0.50 for every ordinary share of RM1 each held in the company. -- BERNAMA
Labels: CIHLDG
Discussions
Be the first to like this. Showing 11 of 11 comments
Chin & Jtpc2006, you are right.They have successfully making their investors richer . Already have 2 to 3 projects in the pipeline. awaiting to be injected.Beside its total of RM5.10 cash payment to its shareholders more goodies is forthcoming...
2012-01-19 11:29
Prie will adjust again la bro....50sen repay as bonus.... let say if last price was 1.20 after adjust price will 0.70....so its worth to buy at 1.20?
2012-01-22 15:22
j harcharanjit a/l jalaur singh dhillon
but is it worth buying the share for long term
2012-01-22 17:43
better buy for long term..below 1.50 is better..good feudamental and history performance
2012-01-23 19:43
No clear direction on their new business plan yet. Heard they are bidding for DBE poultry. They have to decide soon before turning to pn17.
2012-01-25 20:52
Datuk Johari, pls share your future investment plans, need boost to share price, CIHldg has the $$$ to close the deals
2012-02-08 15:12
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any comment on the above news?
2012-01-18 16:14