Posted by dumbMoney > 2020-11-27 00:59 | Report Abuse

On the judicial review of COL's position, the company's annual reports clearly stated the beneficial owners of the shares collectively managed by COL. There is no hiding of ownership by COL through nominees and prima facie, there is no breach and the SC would have ruled as such, based on the ownership list. The claim that COL owned the shares through nominees is not true. COL is reporting the total holdings as per the parties in concert rule, so the public is aware of its share transactions at any one time once it reached the significant shareholder reporting threshold. The SC's 20% individual shareholding limit does not prohibit parties acting in concert holding more than 20%, with the only requirement that once it reaches 33%, they must make a MGO for the remaining shares.

Posted by cnman53 > 2020-11-27 01:21 | Report Abuse

Let's see what answers the Board have to give to my questions.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2020-11-27 10:17 | Report Abuse

... as long as the Board of Directors act in the interest of all the shareholders.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2020-11-27 10:20 | Report Abuse

>>>>>>>

23-11-2020







To:

Datuk Ng Peng Hong @ Ng Peng Hay

Non-Independent Non-Executive Chairman

iCapital.biz Berhad



Cc: Mr Tan Teng Boo

Designated Person



Dear Sir,



Further proposals/questions To Be Tabled at iCapital.biz 16th Virtal AGM

>>>>>>>>>




24-Nov-2020 Board Member Chairman Resignation - DATUK NG PENG HONG @ NG PENG HAY on 24-Nov-2020.

Posted by dumbMoney > 2020-11-27 14:07 | Report Abuse

Looks like some of the directors would rather resign quietly than to voice dissent against TTB, who 'appointed' them. The only time outside directors were nominated was in 2012 and we all know the voting results.