"Although just about everyone has heard the rumours of the merger, observers believe that the management of the three listed groups were taken by surprise when PNB finally made its move through Synergy Drive Sdn Bhd. This perhaps reflects PNB's resolve to make the deal happen."But is that so? PNB chief executive officer and president Hamad Kama Piah Che Othman spoke up late yesterday said "the merger would be encouraged as long as it created value and gave benefits to the shareholders. He also said "PNB has also not seen the proposal, the three companies only informed PNB about the suspension". When asked if the move was initiated by PNB, he said: "It is not a question of who initiated it. We have to see the ultimate result. Otherwise how PNB is going to support all this."
Finally, he added:
"Synergy Drive is not our company but the thing is we always believe that whatever they do they should take consideration of PNB's expectation."Read the full article here. Hamad Kama Piah does not sound to me like he's on the ball. Someone else made that move through Synergy Drive Sdn Bhd, Oh Errol.