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19-11-2012, 11:01 AM
(19-11-2012, 09:29 AM)Louhan Wrote: I agree with MIIF recommendation to vote against increasing the number of directors. It will increase directors fees, and may cause more problems in MIIF. Once these new directors are voted in, it's very difficult to remove them. Let MIIF complete their strategic review peacefully first, and not cause trouble during this review.
[quote='Nick' pid='36435' dateline='1353256369']
[quote='Nick' pid='36431' dateline='1353247352']
http://finance.yahoo.com/news/macquarie-...00544.html
Seems LIM Advisors and Metage Capital are behind the SGM requisition. I wonder how MIIF Board will react.
(Not Vested)
http://info.sgx.com/webcoranncatth.nsf/V...A00520AF4/$file/MIIFSGMDocs16Nov2012.pdf?openelement [MIIF Letter to Shareholders]
MIIF Directors recommend voting against the 4 SGM Resolutions.
(Not Vested)
Let's see what is LIM rationale behind this move. Are they seeking to over-throw MIMAL / ensure shareholders interest are not compromised in the strategic review / force a liquidation / take over as Manager / influence MIIF to buy some of their assets / shareholder activism etc ???
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.