11-08-2023, 09:25 PM
(11-08-2023, 01:41 PM)Tee tiong huat Wrote: "Many other local family companies such as OG (Tay), Metro (Ong), Yeo's (Ng), Haw Par (Wee) still maintain their legacy businesses despite having far more lucrative lines elsewhere. Sad to see Lee Pineapple abandon ship."
Hope some big investers can try...it help to put Lee's Pineapple on the world map.
Unlikely for others to come in. If it's a legacy business that they already own which has historical value, many of these old rich families do not mind continuing even if it does not make sense financially.
However, its a totally different ball game to expect someone else to buy over a business from a third party when it doesn't make any sense from a financial POV.
