30-07-2012, 09:47 AM
I must point out that Cheng Lim Kong has a long experience with shipbuilding and GBY must be something that he really loves, to the extent of acquiring shares even AFTER GBY was put on watchlist. This intention to remove all directors is not that surprising but if it does go through, I don't forsee a big issue as GBY has already secured orders on its order book and will likely return to profitability soon.