MAS waivers for Sabana, Sias rebuke of Great Eastern could be heartening signs for minorities
Singapore should emulate Japan and South Korea by encouraging companies to unlock value, but it’s also important to change the attitudes of controlling shareholders
Add BT as a preferred source
THE topic of minority shareholder rights and protections grabbed a lot of attention in the local market this past week.
On Mar 6, Great Eastern said a request by minority shareholders to table resolutions at its coming annual general meeting (AGM) to address the poor market valuation of its shares did not satisfy all the necessary requirements.
The company said that although it will continue to strengthen its business and maintain a reasonable dividend payout, the market price of its shares depends on many other factors.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
PayPal plans job cuts as its new CEO pursues turnaround strategy
