GP Batteries International

[freedom]

The whole rights exercise is a great way for the majority shareholders to take advantage of the minority shareholders. Yet, minority shareholders expect to get a fair privatization deal? Maybe only in dream?

From another perspective, it was the minority shareholders who determined the market valuation. It wouldn't be fair for the net worth of major shareholders to be decimated by a few minority shareholders.

The company however had been paying regular dividend. Not too unfair to all the shareholders.

I didn't claim that the majority shareholders are unfair towards minority shareholders in dividend payment. But the rights exercise is to exploit certain minority shareholders. I don't blame them either because certain minority shareholders are exploitable and the majority shareholders offered a fair way for intelligent minority shareholders. Everyone is working for their own interests and no one should simply expect other parties to look after his/her interest. But to expect a good privatization deal is a fat hope in my opinion.