Pos Malaysia: To study TRANSMILE buy

Pos Malaysia Bhd does not rule out a possibility to take over the debt-ridden air-cargo transporter Transmile Bhd but this will only happen after a proper business plan is carried out first, said chairman Tan Sri Aseh Che Mat. “This is one of the proposals being forwarded by our shareholders during the AGM and the board will take note of the proposal and deliberate the issue carefully at the next board meeting,” he said. Aseh said a proper business plan was required  for this matter as Transmile’s debt was very huge, at about RM500m. (StarBiz)