29-04-2012, 11:01 PM
(29-04-2012, 07:22 PM)propertyinvestor Wrote:(29-04-2012, 05:30 PM)wsreader Wrote: According to a recent news report, disgruntled minority shareholders stormed out of the agm. I wonder whether this can be used to force the end of the agm due to quorum not present?
I noticed some agms were held at the western end of the island at 9am, making it unusually inconvenient for shareholders to attend. Have it ever happen that besides the directors, no other shareholder attended a agm? Maybe the company will call its staff who are shareholder to attend to fulfill the quorum?
Quorum is determined by Voting rights present. Not physical Humans. As long as 50% of voting rights present either in person or by proxy before the start of the meeting, a quorum is formed.
What would happen if the quorum is not met? Can the AGM still carry on? Are there such cases happening before?
(29-04-2012, 07:22 PM)propertyinvestor Wrote:(29-04-2012, 05:40 PM)dzwm87 Wrote: It is quite common that minority shareholder stands to be screwed by the substantial shareholders. Yes, you have the opportunity to voice out but it doesn't mean people have to adopt to your opinions. Even in show of hand voting, minority shareholder can still lose out. The K-reit EGM last year was a clear stand of how minority shareholders can be played out.
Hong Fok case is really interesting and I am curious to see how things turn out.
THe B******* Keppel Land proxied their employees to the meeting to screw the KREIT unitholders. I dunno why SGX and MAS allow this kind of nonsense to happen. WTF. Temasek Linked company doing this kind of SHI*.
How do you know that Kepland proxied their employee to the meeting?