Threatening shareholders with legal action not the best tactic

A reprint from a well written forum letter in Straits times by Vincent Khoo

“Threatening shareholders with legal action not the best tactic

I am a shareholder in many companies that are listed on the Singapore Exchange (SGX), but I do not normally attend their annual general meetings (AGMs) or extraordinary general meetings (EGMs) due to lack of time.
However, I applaud those who make it a point to attend. Even the Securities Investors Association (Singapore) encourages its members and all shareholders to attend such meetings so as to know the companies better and ask pertinent questions to the management and directors.
I do not think that their primary goal of attending these meetings is to get free food and drinks or free shopping vouchers. The cost of travelling to these meeting venues and time spent there may not be worth all that.

Neither do I think that they go there to make life difficult for the management and directors by asking tough and difficult questions. They are mostly laymen, not lawyers, and they do not intentionally go out of the way to make defamatory statements or insinuations. They may not even know what is defamatory.
It should be the duty of the company to answer all these pertinent questions. It can choose to decline answering them if sensitive information is involved.
Shareholders should not be threatened with defamation suits or other legal actions if they ask tough or insensitive questions.

Threatening them or indeed following up with legal actions against them will hinder the march of investor activism and lessen public interest in investing in listed companies.
As it is, our SGX market is now in a moribund state, and many retail investors have lost interest.
Surely, there are better ways to engage with concerned investors at AGMs and EGMs than threatening them with legal action.”
Vincent Khoo

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September 13, 2018 at 10:44 am Leave a comment

Gan Kim Yong bazi

A cyberattack on singhealth alert me to look at Gan Kim Yong’s bazi. Looks like earth element is 忌神。

his incomplete bazi is

己亥    丙寅    壬戌(日主)

大运:乙丑  甲子  癸亥  壬戌  辛酉  庚申  己未  戊午   
    2岁  12岁  22岁  32岁  42岁  52岁  62岁  72岁  
始于:1960  1970  1980  1990  2000  2010  2020  2030  

Based on his life events so far, 此乾造杀旺用印化,早年身强敌杀。join Natsteel (属金)中年,用神金运,从政当部长。晚运,己未运,恐不利仕途。庚子年虽好,但选战将面对强敌。谁敢说Choa chu kang GRC is safe?

July 21, 2018 at 3:31 pm Leave a comment

Run for your life

The bull market, especially in USA is ending soon, starting this month. Fed is tightening the money supply, unemployment is at its lowest meaning the economy is at its peak and the only way to go is downhill. The trigger will be the impending trade war between china and usa, but in fact the economy is already stretched. The show can’t last forever, Trump will face a economy cataclysm of his own making.

June 9, 2018 at 9:46 am 1 comment

CIC stake in noble proves that having china cornerstone investor is not safe either

Business times headline”SGX RegCo will require the participation of Chinese cornerstone investors or state-owned enterprises in future listings of China firms”

Well, i guess they never take into account of Noble group which is no S-chip, has a china cornerstone investor yet still is in tatters.

May 21, 2018 at 9:30 am Leave a comment

Mario Draghi bazi

Mario Draghi bazi is

丁亥    戊申    乙酉(日主)
大运:丁未  丙午  乙巳  甲辰  癸卯  壬寅  辛丑  庚子   
    10岁  20岁  30岁  40岁  50岁  60岁  70岁  80岁  
始于:1956  1966  1976  1986  1996  2006  2016  2026

杀旺。早年食伤制杀,中运身强敌杀。2016年进入辛丑坏运,2016,2017年火盖天干,无事。2018年,三会金局。今年秋季,Draghi will face his greatest challenge as ECB president.

May 12, 2018 at 10:18 am Leave a comment

Lion City bazi

The proclamation of Singapore was announced 10am. As time was quicker by 35 mins in 1965. The actual time is 9.25am, still 巳时。

Therefore, the bazi for Singapore is

乙巳    甲申    乙未    辛巳

大运:癸未  壬午  辛巳  庚辰  己卯  戊寅  丁丑  丙子   
   
始于:1966  1976  1986  1996  2006  2016  2026  2036 

“有杀先论杀”,杀有根,秋月令,财生杀,杀强。用印化杀。壬午运,三会火局,食制杀,经济强劲。寅卯运,强身任杀。接下来,水运,好日子还等着呢。

April 9, 2018 at 10:25 am Leave a comment

Straco beware,you got competition in Shanghai

From Medium:

“Shanghai Haichang Ocean Park, which is slated to open in Pudong of August 2018 with exhibits spanning deep sea creatures, the polar region, a volcano, and yes, a mermaid bay, according to Shanghai Daily.

Located near Dishui Lake in Lingang New City, the park will have six pavilions, three performance venues, two cinemas, and 10 amusement facilities covering the arctic landscape, the high seas, and volcanic activity. It’s billed as the world’s most advanced fifth-generation large-scale marine park.”

Unless Straco cough up money to revamp its aquarium in shanghai, it will be no match for this new ocean park.

March 30, 2018 at 5:57 pm Leave a comment

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