What Mr Mano said has not impressed me at all!
PBS is merely trying his luck in this low-ball GO; he is now actively buying more shares in the open-market everyday to improve his chance, but he has not been able to pick up many shares. This only shows the ground on the minority shareholders side has been hardened.
Obviously, Zagro Asia's business and the Zagro Asia shares are worth a lot more than $0.30/share; otherwise, why would PBS want to launch an expensive GO exercise to buy out all the minority shareholders?!
I suppose the best option for all minority shareholders is to attend the coming EGM to vote against the privatization GO, and show PBS some real colors.
I second that, as much (or as little) shares as i may have, i'll go down to vote against.
Now that there a outright public display of "respected" view from the business times supporting pbs' cause. I wonder if pbs may contact mano for some "special" arrangement e.g. Issuing to him private placement shares in future to suppress the rest of us dissenting minority shareholders. hope sgx will put on its supervisory cap to prevent such risk e.g. after announcement of delisting intent citing no need to tap capital market funding, company owners should not be able to place out shares on arrangement in the future.
i bought zagro share from standard charter broker and they are holding my share under custody, I recall my other companies agm, where there is some proxy voting, standardcharter never send me any proxy form to vote, for this zagro, I will like to vote against the listing, anyone got any idea, how i can do it under this condition, since Standard charter wont vote, and they never send me proxy form.
(06-12-2015, 08:17 AM)testwrite Wrote: [ -> ]i bought zagro share from standard charter broker and they are holding my share under custody, I recall my other companies agm, where there is some proxy voting, standardcharter never send me any proxy form to vote, for this zagro, I will like to vote against the listing, anyone got any idea, how i can do it under this condition, since Standard charter wont vote, and they never send me proxy form.
File a complaint copy mas if necessary
(06-12-2015, 08:17 AM)testwrite Wrote: [ -> ]i bought zagro share from standard charter broker and they are holding my share under custody, I recall my other companies agm, where there is some proxy voting, standardcharter never send me any proxy form to vote, for this zagro, I will like to vote against the listing, anyone got any idea, how i can do it under this condition, since Standard charter wont vote, and they never send me proxy form.
If I am not wrong u do not have voting rights under sc account. (I don't use but did research before on it)
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(05-12-2015, 08:47 AM)pianist Wrote: [ -> ]Now that there a outright public display of "respected" view from the business times supporting pbs' cause. I wonder if pbs may contact mano for some "special" arrangement e.g. Issuing to him private placement shares in future to suppress the rest of us dissenting minority shareholders. hope sgx will put on its supervisory cap to prevent such risk e.g. after announcement of delisting intent citing no need to tap capital market funding, company owners should not be able to place out shares on arrangement in the future.
Based on my understanding of Mano, I reckon the scenario is very unlikely.
Anyway, once delisted, SGX is out of the picture. If delisting effort fail, there is also no reason Mano should be rewarded with the "placement", even the "conspiracy" story is true.
(not vested)
(06-12-2015, 11:53 AM)thor666 Wrote: [ -> ] (06-12-2015, 08:17 AM)testwrite Wrote: [ -> ]i bought zagro share from standard charter broker and they are holding my share under custody, I recall my other companies agm, where there is some proxy voting, standardcharter never send me any proxy form to vote, for this zagro, I will like to vote against the listing, anyone got any idea, how i can do it under this condition, since Standard charter wont vote, and they never send me proxy form.
If I am not wrong u do not have voting rights under sc account. (I don't use but did research before on it)
Sent from my D5503 using Tapatalk
I did share lending, which I was still entitled to economic benefits e.g. dividend, but not voting rights. I reckon the custody works the same way. The "term" is well-disclosed and a market norm.
If we vote for NO at egm and subsequently he managed to get 75%, can we still tender to him?