RE: MBO7 Jan 2026 09:26
From a poster on ad vfn
'Where are the recent filings .. I can’t see anything since 2023 on TETE?
To be honest I’ve been grateful for this surprising but very welcome opportunity to offload my MBO holdings as I’ve assumed for some time that they will go bust or delist and I’ll end up with nothing.
They seem unable to make a profit from their very large turnover, have bought a company that has now had a winding up order served against part of it (due diligence anyone?) and are paying hefty interest (10%) on the outstanding payment of RM28 that has been owed since the purchase of that company in March 2024.
To say that the have work to do to be able to actually get a banking license is rather an understatement!!'