They would want to privatize so that they can enjoy 100% share in the company for a low price and enjoy the full 100% share of dividends instead of having to split it among shareholders. Also, privatizing would allow them to be free from public scrutiny and being able to pay themselves as much salaries and bonuses as the company's finances would permit.
Transferring money is not a problem, they do it all the time for dividends.
CHINA FIBRETECH is a laggard in this rally. It's escaped a lot of people's attention but it is super undervalued.
Net cash is S$0.20 while its stock price is usually hovering at S$0.04. Very very sharp discount to its cash.
Investors who pick up this stock just need to wait for the next set of results or 2Q results for a turnaround in business -- and stock price!!!
I like the company's forward looking statement recently : "The Group had experienced a slowdown in demand for our fabric processing services in FY2012. However, the management is optimistic that the business will pick up based on the more upbeat customers’ feedback and enquiries received."