Thursday, September 13, 2007

Ranhill: Privatization of a Listed Subsidairy

Delisting of a LISTED subsidiary is bad enough but the intent from the holding company to relist it again in the future is simply disgusting.

I was so disgusted to read this article.

  • Ranhill not ruling out relisting power unit
    By Sharen Kaur

    September 13 2007

    RANHILL Bhd has not ruled out the possibility that Ranhill Power Bhd could be relisted in the future, following plans to add value to the company after taking it private this year.

    Ranhill Power is expected to be de-listed from the official list of Bursa Malaysia Securities by October or November this year.

    Executive director Datuk Chandrasekar Suppiah said Ranhill plans to take Ranhill Power private to consolidate the company under the Ranhill group to maximise returns. ( article source:
    here )

If every listed company have such attitude, don't you reckon that it simply makes a total mockery of our stock market?