The terms of this purchase by Mr Loh seem to me to be better than the previous offer by him. We receive 17c a share which is only part of the proceeds of the sale. The company continues operating but the business will be different the old one having been sold to Mr Loh. The new business will be financed by cash currently held by the company which is significant and by the surplus of proceeds of the sale not given to shareholders. This new offer strikes me worthy of consideration, what is the new business the company has in mind? Why does Mr Loh want the current business? Mr Loh already owns and has control over the majority of the company and thus the income stream from the current business. Good luck to all.
EPY Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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