KUALA LUMPUR, MALAYSIA - Media OutReach - 15 February 2021 - VivocomInt'l Holdings Berhad ('Vivocom') has expressed its 'appreciation' to Bursa MalaysiaSecurities Berhad for its approval of the multiple proposals submitted in on30th December 2020, a corporate move that wouldusher in an exciting period for as well as strengthening the overall corporatestructure of Vivocom.
Vivocom CEO Dato Seri Chia Kok Teongbelieves that Vivocom shares will grow strongly over time and will be worth alot more than the pre-Chinese New Year price of 89 sen.
Its CEO Dato Seri Chia Kok Teong praised Bursa for its constant effortsto create a vibrant equity market, and personally attested to the exchange'spledge of 'creating opportunities,growing value' as "one that's real and more than just a tagline".
"Like many other companies, Vivocom is indeed grateful to Bursa's forits continuous efforts in fostering a conducive capital market for its membersto grow and create wealth for the nation," said Dato Seri Chia.
"We had submitted our proposals in December 2020, and Bursa had revertedpromptly and approved them; an impressive turnaround time. Accordingly Vivocom isnow ready to begin its journey of transforming itself, as an Investment Holdingcompany."
Last Thursday, Vivocom had announced that Bursa had approved thevarious proposals submitted which can be read here or the link in full: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3128515 .
Dato' Seri Chia also expressed his profound gratitude to allshareholders for having supported the company, and is looking towards strongersupport to continue into the long term.
"My Board and Management team are totally committed to building Vivocominto a reputable public company, with sound and sustainable fundamentals ofsolid profits and healthy cashflow," he said.
"We are very focussed in transforming Vivocom into abehemoth Conglomerate, via organic or inorganic growth, including expansive M&A(merger and acquisition) activities which may result in us acquiring strategicstakes in other Public Listed Companies for investment holding purposes," DatoSeri explained.
"We shall always act in Shareholders' best interests and, as apriority, would work towards getting Vivocom elevated to the Main Board ofBursa soonest possible," he added.
"We will also do our utmost tomaximise Vivocom's earnings in the coming years in order to reward ourshareholders with a handsome dividend pay-out at the earliest opportunity,"Dato Seri continued.
To show his dedication, Dato SeriChia has committed to a voluntary self--imposed moratorium (or SIM) in that hewill not dispose his personal stakes in Vivocom for the next 3 years.
"I am strongly focussed on 'buildingthe Vivocom legacy' while creating wealth for all shareholders of Vivocom forthe long term," he promised.
"My SIM means that I won't becashing in on my personal stakes in the immediate term or at least for the next3 years. I'm supremely confident of maximising the wealth of Vivocom in thelong run.
"In other words, I believe Vivocomshares will grow strongly over time and will be worth a lot more than the pre-ChineseNew Year price of 89 sen," concluded Dato Seri Chia.