OCK - EGM approved resolutions

Good deal for Chin Yew. Most important, it is a win-win deal for both him and OCK.

TheSun 03.09.2014

Chin Yew, a young chap previously worked for SP Setia, made a handsome fortune from OCK share that he got at RM1.10 arising from the sale of his Indonesia company to OCK. He made a clever deal to have part of OCK shares and part cash from the sale deal instead of all in cash consideration. Well, he will get more if he keeps the shares for longer. And he will.

 

Its price closed at RM1.47 on 03.09.2014.