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This company share can't buy sleeping all the time don't thing is glove company can have profit. Now all the glove company is sleeping can't make profit
The latest corporate proposal in bad for the minority shareholders. Gets is buying a minority stake in a company owned by the major shareholder at a high premium. The company actually owns a piece of land converted from agriculture to industrial land but can only be developed about two years later. The price Gets is paying is much higher than the land price in the much developed kamunting industrial estate. in the mean time the new shares issued will dilute the future earning of Gets.
The land to be developed by the major shareholders is more than 20 times the size of current Gets size. So in the event the business condition turn bad which one do you think the major shareholder will take care? Certainly not GETS.
