"Definitely I have something to reveal. Whether I want to sell my shares or not, I will explain. I will give the rationale on that day. There are too many questions being raised (about the proposed acquisition) in the newspapers which I don't want to prolong".Whatever it is, it better be convincing because he just dashed the hope of thousand of investors & punters who rightly or wrongly thought that they can sell their shares at RM0.55 apiece. If Ingens share price were to drop back to RM0.10 or if the company's financial performance were to revert to the bad old days of loss-making, Chin would have quite a bit of explaining to do. He can't just say, I'm a man of principles. Those are my principles. If you don't like them, I have others.
Wednesday, September 05, 2012
Ingens- Stranger things had happened!
This has come in. Ingens's substantial shareholder Chin Boon Long is not selling his stake in the company to Ninetology. (Why am I not surprised?) He said at a press conference on Wednesday that he was not accepting the offer. "Thanks, but no thanks," he said, in reference to Ninetology's offer. (Aha, a man of principle!) It will be very interesting to hear what he had to say. After all, his exact words before today's press conference were: