company director resign, 200+ ppl follow him, everyone boikot kompeni liao 
Jan 22 2014, 12:03 PM
QUOTE(gladfly @ Jan 22 2014, 11:56 AM)
I guess they knew..there were some talk on retaining the management team after the take over..and so on.
Then the news of early exit for Liew came up..and jeng jeng jeng...
Anyway Liew made a killing selling his stake in SPS, hence hiring 200 staff would be easy peasy. I am sure the 200 staff have received offers aledi before anything.
However, I am more curious why PNB didn't have a non competition clause in the takeover Agreement with Liew so to avoid this issue of Liew starting a new competitor?
Coz it will amount to restraint of trade, u cannot stop another human from using his skills and expertise sumwhere else to make money for himself. PNB gone nuts la, why the hostile takeover? plus the chairman is also ex-CJ , i think there is alot of govt interference in the running of the company, that pisses him off as hes losing the control of the ship. But now the CFO also leaving ( hes expected to bcome the new CEO), i think SP Setia going down the road of maybank and rhb, without key personel. Property sector so uncertain now, SP setia in deep shit la. good time to buy its priced down shares nowThen the news of early exit for Liew came up..and jeng jeng jeng...
Anyway Liew made a killing selling his stake in SPS, hence hiring 200 staff would be easy peasy. I am sure the 200 staff have received offers aledi before anything.
However, I am more curious why PNB didn't have a non competition clause in the takeover Agreement with Liew so to avoid this issue of Liew starting a new competitor?
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