Tuesday, September 07, 2010

Straight from The Source

Suzanne Wang, VP of Corporate Development and Investments at Global Sources provides a response to our previous post:

"We wish to clarify that, contrary to the speculations in your article [previous blog posting], Global Sources currently has no intention of "privatising the company", nor was that the rationale for our recent tender offer (or for the previous one in 2008).

We embarked on our tender offer because, after evaluating our cash position, our Board of Directors felt that it would provide a good opportunity for our shareholders to participate in a return of investment, while also allowing us to maintain a cash balance that would continue to enable us to evaluate future acquisitions or other potential investment opportunities."

Well, that is pretty much an unequivocal answer.

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