Australia's largest stock trading and investment forum Australia's #1 stock forum

XST

Click for more information

0.00%

0.9¢ xstate resources limited

Ann: Singapore Legal Update, page-12

First 12 Last

Share
Profile

Follow
shares2

19,406 Posts.

80

21/11/18

11:55

Post #: 36585455
Share

Originally posted by agentm ↑

DYOR and you would be aware of the bankruptcy act in singapore

its the fiduciary duty of the directors to act on the damages case and recover or settle the matter with the respondents, if this did not happen then they could be deemed liable for the loss to the company shareholders for the loss by not acting. so a caveat over the property is completely prudent as part of an ongoing process they are duty bound to follow

advice from a legal firm online "the trustee can and will sell the asset if enough value exists after paying off the non-filing spouse and the exemption(s). Lawyers and experts alike relate that this will happen. Expect it to happen"

bankruptcy is the only process available to pursue the respondent that is not already in bankruptcy

Expand

how about some clarity on this statement in the quarterly "XST has reached a confidential agreement with Chloe and she has agreed to withdraw her challenge to the Australia and S ingapore judgement" what does this even mean how can the market and shareholders not be informed more on what this .

XST Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 13 more messages in this thread...

First 12 Last

Add XST (ASX) to my watchlist