I noticed that Peter Chai the director has business interests in injection molding and blow molding, are these not conflicts with Refresh Plastics?
It would be good to understand if these interests are in Australia or not and are they competing with Refresh Plastic's. There is no related party disclosure in the Annual Accounts so they mustn't even be a supplier to ERG?
Also, if these injection and blow molding assets are reasonable assets it may be worth the board considering offering Mr Chai ERG shares for the purchase of his businesses. This would then create scale in Refresh Plastics and increase the EBITDA and hence SP.
Worth a consideration?
ERG Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
