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Unilink is own by major shareholder Ong Kah Hoe, so SJC will use investor money to acquired his own company?? !! Related party element is totally not good. existing shareholder will result in diluted shares..
Let’s give management the opportunity to demonstrate why this acquisition makes strategic sense. If the valuation is fair and the transaction strengthens SJC’s future earnings, it could potentially benefit shareholders over the longer term. Looking forward to more details from the company
