09-03-2012, 12:57 PM
The sale of aluminium foil businesses was finalised on 23 Feb 2012, and the money should be on its way to SAH. (SAH's announcement indicates a 20-working-day deadline, but it is unclear when the clock started clicking.) The sale of cigarette box printing business is still in progress, but the amount is negligible.
Shareholders of Shanghai Asia should urge the company to cease looking for a new business, and pay out the sale proceeds expeditiously. Venturing into a new business is fraught with risks.
Shareholders of New Toyo should also urge New Toyo to prevail upon Shanghai Asia.
Shareholders of Shanghai Asia should urge the company to cease looking for a new business, and pay out the sale proceeds expeditiously. Venturing into a new business is fraught with risks.
Shareholders of New Toyo should also urge New Toyo to prevail upon Shanghai Asia.