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NewsUpdate Green Packet “open to strategic sale” of P1
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Update Green Packet “open to strategic sale” of P1
by Cals Mon 24 Jun 2013, 14:04
Update Green Packet “open to strategic sale” of P1
Business & Markets 2013
Written by Madiha Fuad of theedgemalaysia.com
Monday, 24 June 2013 12:48
KUALA LUMPUR (June 24): GREEN PACKET BHD [] said it is open to the possibility of a “strategic sale” of its P1 unit, but currently is more focused on improving its operational and financial performance.
"We are open on strategic options such as this [sale of the P1 unit]," group managing director and CEO C.C. Puan told reporters after the group's AGM today.
Puan said he will take on the position as P1's CEO after Michael Lai's resignation.
"But what is more important for me taking on as P1's CEO is our focus on operational excellence and financial performance," he added.
He noted that Michael Lai's resignation was part of a transition which began early this year.
"After six years with us, Michael Lai wants to take a break and I have been preparing myself to take on the role as P1's CEO," said Puan.
Business & Markets 2013
Written by Madiha Fuad of theedgemalaysia.com
Monday, 24 June 2013 12:48
KUALA LUMPUR (June 24): GREEN PACKET BHD [] said it is open to the possibility of a “strategic sale” of its P1 unit, but currently is more focused on improving its operational and financial performance.
"We are open on strategic options such as this [sale of the P1 unit]," group managing director and CEO C.C. Puan told reporters after the group's AGM today.
Puan said he will take on the position as P1's CEO after Michael Lai's resignation.
"But what is more important for me taking on as P1's CEO is our focus on operational excellence and financial performance," he added.
He noted that Michael Lai's resignation was part of a transition which began early this year.
"After six years with us, Michael Lai wants to take a break and I have been preparing myself to take on the role as P1's CEO," said Puan.
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