Crocodile-shirt minority shareholder defeated the name of the giant alligator

Source: Internet
Author: User
Keywords Shareholders Guantang voters legislation
Tags .mall accounting company cost get giant alligator group name
According to the Ming Pao report, the crocodile pension (0122) privatisation scheme was rejected by a large number of minority shareholder objections. Opposition to small shareholders by small public forces to defeat the "big crocodile."  Non-executive shareholder Tangjiarong that shareholders have their own decisions not to "get through" to the company. The crocodile's pension is now on the cards and is expected to be subject to selling price. While the chairman and the big shareholder Lin Jian, proposed the privatization, he himself holds 51% stake in Crocodile, in February, the cost of privatization of 0.4 yuan per share, the acquisition of 298 million shares, accounting for 48.44%.  April 1 to increase the acquisition price to 0.42 Yuan. The above privatization success must conform to the three conditions of the company law: (1) in person or in the commission of a voter, commonly known as "poll ticket" over 50%; (2) The number of shares in support of privatization is 75% or more of the total number of voters, (3) The number of objections should not exceed the number of independent small shareholders, that is, the market circulation of shares  The result of the crocodile-shirt vote, although the poll passed, but the latter two are suffering from Waterloo, the key is to vote against the small shareholder holding more, on the scene, many small shareholders said holding more than 10 years. The privatization of small shareholders as a "legal robbery" was held at 10 o'clock in the morning, about 20 small shareholders attended the 793 shareholders on the register as at May 8, and only 3% to the regular meeting, a small shareholder moved to adjourn the court meeting because many small shareholders ignored the right to vote and were negatived after the vote. During the period, a number of minority shareholders criticized the large shareholder's valuation as too low, citing the privatization document that the assets amounted to $0.98 per share, and that there would be revenue after the redevelopment of the Guantang crocodile-pension building, "what is the benefit of the major shareholder , whether it is reasonable and large and small shareholders "Mr. Lung, who holds 780,000 shares, said," What is the difference between naked seeing beast and legal robbery? "The privatization of the motion by the General Assembly at 12 o'clock was carried out by 115 people in person or by proxy, together with 1 votes of the central clearing House, with 66 votes in favour and 50 against the first pass." However, the respondents, representing 87.41 million shares, accounted for 137 million shares of the total number of voters, and only 67% per cent, not up to 75% of the statutory requirements.  The number of opposing shares, which accounts for 16% of the 298 million shares in the market, is below 10%, and the General Assembly announces that privatization has failed. Reiterating that the Non-executive director, Tangjiarong, who did not mention privatization in 10 years, was asked if the privatization failure was unexpected. He said, "It's hard to tell." Are you disappointed? "To ask Mr. Lin Jianman." "Li Ka-shing said that as long as shareholders and the group have differences, the group will not consider privatization," Tangjiarong said, "I believe that not with the company, we make their own decisions, all shareholders have their own decision."  He also reiterated that the group would not propose privatisation within 10 years after the privatization failed. The chairman, Lin Jian, who had been quietly present at 11:30 A.M., had not yet voted on the privatization scheme and left for about 10 minutes, but he did not walk through the hotel corridor but was left by the hotel kitchen corridor and was not contacted by reporters.
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