Homepage
PR Newswire
05-06-2012, 05:29 PM
Without taking on debt in the first place, how could Tien Wah have acquired ANZPAC, win the exclusive contract and achieved growth in attributable profit from RM14m in 2007 to RM26m four years later?
Another point worth mentioning here is that it is unlikely that New Toyo is exploiting Tien Wah through MEIL, as alleged. Otherwise, it would not have converted its RM 27.4m shareholder's loan to MEIL into equity.
But I appreciate your aversion to debt financing and setback during start-up.
Another point worth mentioning here is that it is unlikely that New Toyo is exploiting Tien Wah through MEIL, as alleged. Otherwise, it would not have converted its RM 27.4m shareholder's loan to MEIL into equity.
But I appreciate your aversion to debt financing and setback during start-up.