Silverlake Axis

[weijian]

It is understandable for Best World, who is suspended, to go for a EAO to allow shareholders an exit option AND work within the parameters of the share buyback mandate obtained in the AGM.

However, Silverlake is not suspended and trading freely on the market. Wouldn't it be better to just do a regular share buyback instead? For instance, GK Goh, with its excess cash and share price trading at <NAV, is doing a regular share buyback + cancellation of its shares. This has the twin effects of (1) returning cash to shareholders and (2) driving up the share price. Wouldn't the majority shareholder benefit more from a share buyback action instead?