Minority shareholders caught in Nobel Design saga
THE recent public fallout between the single largest shareholder and the board of furniture supplier Nobel Design is yet another painful reminder of how minority shareholders can end up caught in between whenever the big boys slug it out.
The company's stock price has tumbled about 18 per cent ever since the war of words began in October last year and could continue to slide with no clear end to the ongoing bitter dispute.
In Nobel Design's case, its founder and former director Bert Choong has gone on the offensive against the board, possibly with the eventual aim of either regaining control or securing an exit for his 25 per cent stake. As he put it earlier this month: "Either they go, or I go."
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