CES minority shareholders should vote against all the resolutions at the coming EGM to send a clear message to the controlling shareholders that they are dissatisfied with the rights issue and the sub-underwriting arrangement and believe that a general offer should have been made.
Read MoreWhen it comes to board composition, CES has generally complied with the Code of Corporate Governance over the years, but its compliance was arguably more in letter rather than in spirit.
Read MoreThe right of shareholders to elect directors can be circumvented
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IA needs to be in place, on an ongoing basis, and is effective, adequately resourced and independent of the activities it audits, as required by SGX’s new rule.
Read MoreNetLink NBN Trust debuts in GIFT 2019 at No. 1; Keppel-KBs US Reit, also a newcomer, is in joint sixth
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