(03-03-2014, 09:40 AM)kbl Wrote: [ -> ]Good morning Behappyalways san and All.
You draft and send the copy to Boss Lee. I can support you with few names. We need 100 shareholders.
<vested><not a call to buy or sell>
Including me, I can muster 4 persons.
(03-03-2014, 10:36 AM)cyclone Wrote: [ -> ] (03-03-2014, 09:40 AM)kbl Wrote: [ -> ]Good morning Behappyalways san and All.
You draft and send the copy to Boss Lee. I can support you with few names. We need 100 shareholders.
<vested><not a call to buy or sell>
Including me, I can muster 4 persons.
i can easily collect another 4 names too
Please include me too and 1 of my old friend.
(03-03-2014, 02:06 PM)nitro Wrote: [ -> ] (03-03-2014, 12:01 PM)safetyfirst Wrote: [ -> ] (03-03-2014, 10:36 AM)cyclone Wrote: [ -> ] (03-03-2014, 09:40 AM)kbl Wrote: [ -> ]Good morning Behappyalways san and All.
You draft and send the copy to Boss Lee. I can support you with few names. We need 100 shareholders.
<vested><not a call to buy or sell>
Including me, I can muster 4 persons.
i can easily collect another 4 names too
make it 5.
Thanks
okay let's compile.
Cyclone - 4
safetyfirst - 4
nitro - 1
koh_52 - 2
so far, we have 4+4+1+2 = 11 shareholders
Perhaps it is time for us to communicate with management more actively, so for concerned shareholders, please show your support
Please include my name too
Cyclone - 4
safetyfirst - 4
nitro - 1
koh_52 - 2
ngcheeki - 1
ichew - 2
total = 14
including me.
Cyclone - 4
safetyfirst - 4
nitro - 1
koh_52 - 2
ngcheeki - 1
ichew - 2
Kyle - 1
total = 15
I can get 4 shareholders(better be sure not to double count)
Below is a draft. Any other suggestions or corrections? I wrote a 'mild' letter expressing our concern. Don't want to make any people lose face during the process..
once we agree to the letter format and content. We can all copy the letter and email to the company with our names included in it. I think that many people including myself would want to protect one's privacy.
3 March 2014
Sing Holdings Limited
96 Robinson Road
#10-01 SIF Building
Singapore 068899
Dear Board of Directors and Mr Lee
We are a group of shareholders writing in to express our concern with the share performance of Sing Holdings for the past few years. We are disappointed with the Board and Management inaction towards the under performance of the share price. Shareholders' call for a share buy-back has been resisted by the Board and Management as you feel that cash could be better utilised. But after so many years, we do not feel that we had benefitted from the growth of the company as much as the management.
A share buy back mandate and when exercised would send a STRONG signal that the share price is undervalued and that the Board and Management support and share the minority shareholders' concern. With the current bearish property market sentiment, we feel that there is no better use of funds than to buy one's own undervalued shares. Therefore we strongly recommend a share buy back exercise.
With positive net current assets and receivables due from The Laurels Project, we hope you would seriously consider a sizeable dividend payout to reward shareholders' trust in the Board and Management over the past few years.
We deeply appreciate your time and effort in considering these suggestions.
Thank You.
Yours Sincerely
Shareholder A's name
Shareholder B's name
.....
.....
Shareholder E's name
Looks good, it is important that we show respect because at the end of the day, everyone is entitled to have his / her own opinion but we just hope to have an amicable outcome that will benefit as many as possible