Dear all, We can only hope Dato’ Sri Yap Week Keat and Tan Sri Dato' Yap Yong Seong will be like Tan Sri Teh Hong Piow, founder of Public Bank sharing the wealth of Public Bank with all the shareholders. https://klse.i3investor.com/blogs/Sslee_blog/177025.jsp
After announcement of new substantial shareholder dated 7 September 2018 Volume have been building up..................
From 8 September to now 155m totalling 27% of paid up shares have been changed hand, it is believable that proxy fight will be happen to remove the board of directors.
Dato are very worry and have been aggressively buying Tiger at 10 cents from ACP as he is fully aware change will happen.
New shareholders will appear in the coming shareholders list in 2018 annual report to be release on 1 NOVENBER, ......
Proxy fight is the method to takeover a company by the way of buying more than 10% shares, hold EGM and convinces shareholders to vote out the current board and replace the approving board. However although it is popular in UK, USA, but never happen here.
A lot of good analyst like CALVIN TAN, LOGIC TRADING ANALYSIS, TAN K W, EQUITY DAIRY,CP TEH etc etc should team up their followers, instead of waiting and waiting and waiting the current board to declare, to change, to hope something benefit to the minority shareholders, they should do a step ahead by accumulate the proxy enough to pressure and even to remove the board to realign their business.
Please bear in mind a lot of listed company in BURSA, the controlling stake are very loose like 11% control in Tiger currently.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
5,470 posts
Posted by Sslee > 2018-10-06 18:16 | Report Abuse
Dear all,
We can only hope Dato’ Sri Yap Week Keat and Tan Sri Dato' Yap Yong Seong will be like Tan Sri Teh Hong Piow, founder of Public Bank sharing the wealth of Public Bank with all the shareholders.
https://klse.i3investor.com/blogs/Sslee_blog/177025.jsp
Thank you