News: SC: Sime's acquisition of 30% of E&O did not trigger MGO

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5 comment(s). Last comment by luckyman 2011-10-13 09:27

valueinvestor

641 posts

Posted by valueinvestor > 2011-10-11 21:31 | Report Abuse

Didn't they act together to reject ECM's request to appoint new directors? Will they also reject nominees from Sime in the future?

mancon

49 posts

Posted by mancon > 2011-10-12 12:00 | Report Abuse

Expected ! Malaysia bolih ! Thats why I wont buy stocks here

mancon

49 posts

Posted by mancon > 2011-10-12 12:10 | Report Abuse

1) How can the deal go through when the market is 60% below the purchase price ?
2) CIMB Investment Bank bought into GK Goh few years ago and used GK Goh to buy E&O shares
3) Clearly insider trading

goodhorse

22 posts

Posted by goodhorse > 2011-10-12 14:49 | Report Abuse

Another clear example that minority shareholders/retailers are not taken care! Malaysia boleh!!!

luckyman

720 posts

Posted by luckyman > 2011-10-13 09:27 | Report Abuse

The MD with 5% stake got re-elected but ECM with 6% stake couldn't get board representation. No element of parties acting in concert? Food for thoughts? Would appreciate someone out there providing some legal opinion.

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