Hi offshore, thanks for sharing the thought on UMW-OG. I think UMW-OG minorities should reject the acquisition of ORKIM and Icon Offshore in order not to destroy more value of the company. As for UMW Holdings shareholder they should vote for de-merger to go through. Best combination. Win-Win for UMW Holdings and UMW-OG shareholders. But losers will be Icon Offshore shareholders.
Stock: [VELESTO]: VELESTO ENERGY BERHAD
2017-04-28 12:11 | Report Abuse
Hi offshore, thanks for sharing the thought on UMW-OG. I think UMW-OG minorities should reject the acquisition of ORKIM and Icon Offshore in order not to destroy more value of the company. As for UMW Holdings shareholder they should vote for de-merger to go through. Best combination. Win-Win for UMW Holdings and UMW-OG shareholders. But losers will be Icon Offshore shareholders.