London Fund Launches Asia Pacific Wire & Cable (APWC) Complaint

London Fund Launches Asia Pacific Wire & Cable (APWC) Complaint by Activist Insights

Activist Insight today reported on the following new campaign.

A shareholder of NASDAQ-listed Asia Pacific Wire & Cable says it’s tired of being ignored by management and wants to know what the company is up to.

That’s the message from a letter by London-based LONSIN Capital to the board of directors at APWC, sent on March 9 and seen by Activist Insight. It claims the company is trading at a discount to book value of 83%, with cash alone worth twice the stock’s current price. Profits have turned to losses and a large chunk of cash recently vanished from the company’s balance sheet without adequate explanation, it...