There Are Too Many Companies Doing the Exact Same Thing! Malaysia Population 32M. E-Wallet services 40. China Population 1.5B. E-Wallet services 2. Seriously?
Mergers & Acquisitions; Shareholders of Apex Equity Holdings Bhd have given their approval for the proposed merger between its wholly-owned unit JF Apex Securities Bhd and Mercury Securities Sdn Bhd, despite an earlier condition by the Securities Commission (SC) that its largest shareholder ACE Investment Bank Ltd exits Apex. ACE has a 25.01% stake in Apex, but when the SC approved the proposed RM140 million merger, it had specifically stipulated that ACE must exit Apex and dispose of its entire shareholdings within six months of the merger completion date, TheEdge has said. I think such developments are anti-competitive, it benefits scale over choice.
Business Opportunities; Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday, Reuters has said. The countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia. India and Vietnam are among the favorites for smartphones, Nikkei said, citing sources who did not want to be identified as the discussions are private. Malaysia, go get them!