Of course lah, the Family members keep dumping everyday, uncles dumps a little, nephews dump a few, nieces dump some, aunties dump a few thousand lots, bapa and mama dump also; You dump some, he dumps some, she dumps a bunch, they have few hundred millions, AGENTS dump a bunch whenever there are opportunities..want to go up, CAN, TAKE IT SLOW and steady :), wait ah
It buys Asian Business Software Solutions, says the deal is a synergistic acquisition
HAVING taken a back seat on acquisitions over the past two two years, accounting software specialist Censof Holdings Bhd is reversing the trend now.
The accounting software company recently announced its plan to acquire a 51% stake in Asian Business Software Solutions Pte Ltd (ABSS) for S$10mil (RM28.06mil) and will be calling for an EGM on Nov 30 to decide on the acquisition.
The last time Censof acquired a major business was two years ago. Censof then forked out RM69.8mil for the acquisition in a tender process called by Khazanah Nasional Bhd for Time Engineering Bhd in November 2013. Prior to that, Censof acquired Knowledgecom Corp Sdn Bhd in 2012.
Group managing director Ameer Shaik Mydin describes the deal as a synergistic acquisition. He says there were a lot of synergy the group could derive from the acquisition.
“The potential earnings growth in ABSS is positive. The company have been showing positive growth year-on-year. Geographically, ABSS is present in 11 countries. It is not easy to get to these places and we can tap into those countries through ABSS,” Ameer tells StarBizWeek.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Taugeh
671 posts
Posted by Taugeh > 2015-10-16 11:03 | Report Abuse
might consider to off load a bit before that