Looks like they are getting set up to do it themselves (maybe with a partner).
Unless there is the prospect of a deal or JV being announced soon there could be quite an opportunity cost in holding IOH in this market (which is showing all the signs of a strong move up). I think that is why the share price is weak - traders are bailing out to move on to more profitable stocks (at least in the short term).
Ann: IOH Announces New Senior Management Team , page-3
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