Ong Leung Huat Shot Himself On The Foot

Publish date: Thu, 16 Oct 2014, 12:10 AM 

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Today, OSK launched take over offers for OSK Property and PJ Development principally via issuance of new OSK shares.


After studying the proposals, it suddenly dawned on me that Ong Leung Huat is the biggest loser of the scheme (and he apparently is not aware of that)


I believed the scheme was cooked up in a haste without giving proper thoughts on the actual implication on Ong Leung Huat's financial interest (Probably as a knee jerk reaction to recent market downturn which they thought provides a window of opportunity to create a smart deal to benefit Ong Leung Huat)


Whoever that conceptualize the deal should be fired by Ong Leung Huat. The old man has been badly advised.