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KUALA LUMPUR, MALAYSIA – Media OutReach – 15 February 2021 – Vivocom
Int’l Holdings Berhad (‘Vivocom’) has expressed its ‘appreciation’ to Bursa Malaysia
Securities Berhad for its approval of the multiple proposals submitted in on
30th December 2020, a corporate move that would
usher in an exciting period for as well as strengthening the overall corporate
structure of Vivocom.
Vivocom CEO Dato Seri Chia Kok Teong
believes that Vivocom shares will grow strongly over time and will be worth a
lot more than the pre-Chinese New Year price of 89 sen.
Its CEO Dato Seri Chia Kok Teong praised Bursa for its constant efforts
to create a vibrant equity market, and personally attested to the exchange’s
pledge 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 for
its continuous efforts in fostering a conducive capital market for its members
to grow and create wealth for the nation,” said Dato Seri Chia.
“We had submitted our proposals in December 2020, and Bursa had reverted
promptly and approved them; an impressive turnaround time. Accordingly Vivocom is
now ready to begin its journey of transforming itself, as an Investment Holding
company.”
Last Thursday, Vivocom had announced that Bursa had approved the
various 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 all
shareholders for having supported the company, and is looking towards stronger
support to continue into the long term.
“My Board and Management team are totally committed to building Vivocom
into a reputable public company, with sound and sustainable fundamentals of
solid profits and healthy cashflow,” he said.
“We are very focussed in transforming Vivocom into a
behemoth Conglomerate, via organic or inorganic growth, including expansive M&A
(merger and acquisition) activities which may result in us acquiring strategic
stakes in other Public Listed Companies for investment holding purposes,” Dato
Seri explained.
“We shall always act in Shareholders’ best interests and, as a
priority, would work towards getting Vivocom elevated to the Main Board of
Bursa soonest possible,” he added.
“We will also do our utmost to
maximise Vivocom’s earnings in the coming years in order to reward our
shareholders with a handsome dividend pay-out at the earliest opportunity,”
Dato Seri continued.
To show his dedication, Dato Seri
Chia has committed to a voluntary self–imposed moratorium (or SIM) in that he
will not dispose his personal stakes in Vivocom for the next 3 years.
“I am strongly focussed on ‘building
the Vivocom legacy’ while creating wealth for all shareholders of Vivocom for
the long term,” he promised.
“My SIM means that I won’t be
cashing in on my personal stakes in the immediate term or at least for the next
3 years. I’m supremely confident of maximising the wealth of Vivocom in the
long run.
“In other words, I believe Vivocom
shares will grow strongly over time and will be worth a lot more than the pre-Chinese
New Year price of 89 sen,” concluded Dato Seri Chia.
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