ZGL zicom group limited

Ann: Divestment of Orion Systems Integration Pte Ltd, page-2

  1. 1,304 Posts.
    lightbulb Created with Sketch. 104
    We sell one of our smaller businesses for AUD $10M.
    More than our market cap.
    Approx $3M cash $7M shares in a company that plans to IPO.

    Looks like a great deal and understandable why they did this.

    At the same time the business continues to disappoint.

    If only the company started performing, stopped treating the business like a private company and communicated with shareholders better.
    Last edited by risk41: 03/05/24
 
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