Did anyone know why Singapore‘s ACA partners supportedJiameng earlier this year, at the EGM.
Recap from earlier this year.
At the EGM, 151.5 mil shares voted with Jiameng to changethe company’s name
112.9 mil shares voted against Jiameng
160 mil shares did not vote. (these shares was pledge byJiameng & his dad, as security for a personal loan. They subsequently lossthese shares)
Chances are, those 160 mil shares will now go with the 112.9mil shares to make up the 272 mil shares group block, voting for whatever isthe best deal for shareholders.
Let bring on an EGM, where we shareholders can vote. How bestto use the $54 mil cash. Currently sitting in the bank.. dividend & sharebuy-back, should be our priority.
