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Letter by unhappy shareholders may be an act of prejudice: S i2i
S i2i director says firm is reviewing owners' proposals, just as it does when it receives various other proposals
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Anita Gabriel
Published Mon, Feb 27, 2017 · 09:50 PM
Singapore
DISSATISFIED with the pace at which mainboard-listed S i2i is working to get itself out of Singapore Exchange's (SGX) dreaded watch-list and fretful of time running out, a group of shareholders is lobbying for the firm's majority owner to launch a buyout or, alternatively, to wind down the business.
If the company has a "clear and cogent" plan to reboot itself and avoid being suspended or delisted - a penalty and "imminent danger" that await the firm should it fail to comply with the listing rules by stipulated deadline - this bunch of activists would like to hear them out too.
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