Logistics and in-flight catering services provider Tamadam Bonded Warehouse Bhd is said to be contemplating spinning off its loss-making warehousing business and selling it to Amanah Raya Bhd.
However, when contacted by The Edge Financial Daily recently, managing director Eric Cheam declined to comment, saying that only once the board of directors was aware of any corporate exercise would it make an announcement as required by Bursa Malaysia’s guidelines.
Rumours are also circulating that the company is considering privatising its profitable food business, although management again declined to comment.
