ON the face of it, it does seem that the market doesn't think much of the two-pronged corporate deal that TIME Dotcom Bhd (TdC) announced early this week. On Tuesday, the day after TdC's announcement, its share price took a beating, dropping by 14 sen to 63 sen by the end of that day although it has since recovered slightly, closing at 65.5 sen yesterday.
While the jury is still out on the merits of TdC's proposals, Afzal Abdul Rahim, the main character in the story, says the reaction is to be expected.
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