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As for WFS’ debt, that is denominated in the two US bucks and euros, Mr Seah said the enlarged company would shift to rationalise, deleverage and fork out this down more than another several years. Turning to The problem of dividends, he mentioned that while the corporation could be cognisant of the need to sustain a stability between retaining resources for growth and gratifying shareholders, it remained committed to shelling out dividends “given that it was lucrative without the need of governing administration reduction or support”.

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He additional that given that there was hardly any overlap and replication with the Sats and WFS firms and geographies, The present management of both equally companies would go on to steer the mixed and enlarged entities. “We are going to retain the senior management team at WFS to continue functioning the business,” he reported.

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