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PPB Group Bhd, which holds a 4% stake in Transmile Group Bhd, believes the business model in the chartered freight service provider is viable, says executive chairman Datuk Oh Siew Nam.
Compiled BY GOH EE KOON.
Transmile Group Bhd's revenues for the financial years ended Dec 31, 2005 and 2006 may have been overstated by a total RM530mil, according to preliminary findings of a special audit on the group's annual audited accounts.
a href=http://www.e-o-hotel.com/ target=_blank>Eastern Oriental Bhd/a(EO) reported a whopping 164% jump in net profit to RM60.9mil for the financial year ended March 31, 2007 (FY07) against RM23.1mil in FY06.
Printed circuit board maker GUH Holdings Bhd may go private if a strategic move to buy back its own shares fails to increase the stock price.
There have always been minority shareholders who disagreed that their companies should be taken private by the major shareholders.
PPB Group Bhd expects to deliver a satisfactory performance this year, driven primarily by its commodity-related subsidiaries and its Singapore-based associate company Wilmar International Ltd.
The recent wave of proposals to take companies private naturally gave rise to disappointment that a vacuum would be created when these companies are de-listed from Bursa Malaysia.
Prices of Bursa Malaysia-listed plantation stocks are expected to continue heading north in the second half of the year, given that crude palm oil (CPO) has been trading above RM2,000 per tonne over the past two months.
PPB Group Bhd's successful operations and business dealings are supported by the basic values of integrity, loyalty and discipline, together with a commitment to work hard.