20-01-2018, 11:02 AM
(19-01-2018, 07:22 PM)Temperament Wrote: And at VB itself.
https://www.valuebuddies.com/thread-4646.html
Hi Temperament
In short both listed companies and unlisted follow the Companies Act of their particular domicile. The listing requirement just imposes more rules for the listed companies for fair and orderly trading in the public
For example if a company is not profitable for 3 years it may get delisted, but it won’t cease to be a company. The flip side is then if the company can’t be bothered to stay listed, there becomes a differing interest with OPMI. So naturally when a company wants to delist voluntarily or as we observe, flaunt requirements to be mandatorily delisted, OPMI will suffer generally unless one willing to follow through the major shareholders’ intention all the way. It is usually much more difficult to sell your shares to buyers without an exchange
In addition do note where is the company’s domicile ie incorporation. If it’s cayman or otherwise, they have different Companies Act.
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Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)