Mak Yuen Teen | Page 16 | Governance For Stakeholders

ASTI Holdings: Why Shareholders Should Vote for Change

Posted by Mak Yuen Teen | Jun 4, 2023 | Articles, On The Mak

By Mak Yuen Teen The current board of directors continues to try to convince shareholders (and possibly regulators) why keeping them on the board makes sense – with the carrot of a possible exit offer being dangled. If...

ASTI Holdings: Mirror Mirror On The Wall, Who’s The Least Experienced Of Them All?

Posted by Mak Yuen Teen | Apr 27, 2023 | Articles, On The Mak

By Mak Yuen Teen This morning, ASTI Holdings issued a “Further Information Announcement” and a press release relating to the attempt by four shareholders of the company to call a meeting under section 177 of the...

ASTI Holdings: Regulators Have Contributed to the Plight of Minority Shareholders

Posted by Mak Yuen Teen | Apr 25, 2023 | Articles, On The Mak

By Mak Yuen Teen On 5 April 2023, I posted an article titled “EGM for ASTI Holdings: An Opportunity Not to Be Missed”. This followed ASTI’s announcement that it had received a letter from four requisitioning shareholders giving...

Case Study on Shanghai Turbo

Posted by Mak Yuen Teen | Apr 19, 2023 | Articles, Case Studies

On 19 April 2023, SGX Regco issued a notice of compliance to Shanghai Turbo requiring it to appoint an independent reviewer to look into the appointment of Mr Liu Ming to the board on 3 March 2023. I thought readers may find...

Rex International: Performance Bonuses for NEDs Raise Many Questions

Posted by Mak Yuen Teen | Apr 18, 2023 | Articles, On The Mak

On 28 April 2023, Rex International will be holding its AGM by electronic means. One of the resolutions for the AGM (resolution 5) is to approve the payment of additional remuneration of S$675,000 to non-executive directors for...