BRC Asia

[valuebuddies]

I think there must be some sort of benefits to the company or the majority shareholders if the bondholders are 3rd parties. Can we speculate that more businesses would follow after the issuance of the bonds (though it is not common in Singapore but who knows)? Or the majority shareholders would get some benefits from the bondholders in return? Or possibly that bondholders (or the ultimate beneficial owner of these bonds, if different from the legal owners) are related parties. I wonder if the rest of shareholders could do something to stop the company from doing this and to prevent the same things to happen again in future.