Trans-cab Holdings

[specuvestor]

I do not know Towkay Teo personally. His 'rags to riches' story that came out in mid Oct had amicable timing though (to the lead up to his IPO).

Nonetheless, it is statements in bold below, that really triggers the bs red flag in me sometimes. Towkay Teo has alot of businesses, doesn't he? He made his pot of gold in Union Energy and it is supposed to be 'the leader in LPG trade' in Singapore. If Towkay Neo is so benevolent and selfless, why isn't he sharing that part of his wealth with us?? Or rather, i think Union Energy is the real cash cow that produces that hard core cash flow!

Transcab Vs Japfa, POSH, Speckman... etc

"The professional advice was like this, so what can I do?" Trans-Cab chairman and chief executive Teo Kiang Ang lamented to The Business Times when contacted.

"I feel like I can't face the investors. I hoped everybody could share in our wealth. We will IPO at the correct time," said the Mandarin-speaking businessman who had spent the past week touting the firm's expansion agenda and plans to bid for the sought-after bus route contracts here.

I don't think he has an "obligation" to share his wealth.

But what jumps out from Weijian's posting is why then he doesn't IPO Union Energy instead, rather than a few year company, if he is keen to "share his wealth" as he says

Anyway just listen lor and DYODD