I had some time to investigate the other investor as well, Ang Lay Chieng who is also seeking a board seat a Bright Packaging Industry Berhad. She previously worked in PwC and Affin Merchant Bank and is listed as a Chartered Accountant and a Fellow of Chartered Certified Accountants. She alongside Alhabshee appears to have the corporate experience and connections to take Bright Packaging Industry to the next level of growth. Not much is known about the current directors at Bright Packaging, there is literally no information on them. Word on the trading floor appears to favour the new investors. I think if one got in early enough, this stock is worth holding for the long term if you can withstand the volatility in the mid-term. My thoughts are, if the investors take control of the board, the stock should spike up and I am pretty sure the new board will announce something positive. Logically, the investors would have thought this through and must have something on the cards. It’s always worth trading with the ‘big boys’ rather than against. If your analysis is right and that the four challengers have gone in between RM1 and RM1.75, those who are in at this price range should also be hoping for a spike up after the EGM. It will be worth paying close attention to the volume in the coming days leading up to the EGM

A lot have been said about the Board of Bright Packaging Industry Berhad. It seems no one has really focused on the investors trying to oust the board at BPI. I had a look at the some of the companies that Syed Ali Alhabshee controls. Apparently he owns more than 1/3 of Redtone International via his investment vehicle Indah Pusaka Sdn Bhd. Since his appointment as Chairman of Redtone last year 2012, it has turned around Redtone and being awarded more than 100mil project from MCMC and LTE Spectrum of 20MHZ in 2600MHZ region. Kenanga has forecasted it will earn in excess of RM23mil profits in 2013 (as highlighted in another of your posts). Similarly, as Chairman of AMedia even before the company got listed, it has registered 16m in net profit with a CAGR of about 70% year on year. I believe AMedia also has license in broadcasting. Perhaps he already has plans to turn this company around?? And judging from past experience and the fact that he spent significant resources in building up his stake of Bright Packaging Industry, I wouldn't bet against him. The current Directors at Bright do not seem to have the vision or corporate expertise or else they probably wouldn’t be in this predicament in the first place. I wouldn’t be surprised if the new Board announces ‘a new major contract’ once he takes over

The Luxembourg-based HALLEY SICAV-HALLEY ASIAN PROSPERITY Fund has acquired 2,635,000 shares (about 6%) in Bright Packaging Industry Berhad due to the reason - "Good feelings on this company. We find it interesting to hold it in our portfolio