I opine that the deal for injection of new businesses is irreversible as the acquirers have acquired a substantial amount of shares from the Lee families at RM0.65 which is above the NTA level. Aborting now will only inflict losses on the acquirer as the SCGM will be delisted without new business injection.
@Just88, The business looks and sounds exciting. Not sure the management team though. From plastic packaging to F+B, I will be following them thru since my holding costs is zero anyway.
It will be a reverse take over. So it is a whole new company going forward. Much like a new IPO except no new share offering. I think its valuation can mirror that of Vita coco and Thai coconut Public company.
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Just88
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Posted by Just88 > 2023-01-31 10:04 | Report Abuse
https://www.klsescreener.com/v2/news/view/992345