Global Yellow Pages held its extraordinary general meeting yesterday, seeking shareholders’ approval for its diversification into the property business, and related to this, the approval to acquire a retail property in New Zealand. The company also sought shareholders’ approval for a ten-to-one share consolidation to fulfil the minimum trading price requirement set by the SGX. All the above resolutions were approved by the shareholders. I have given much analysis on Global Yellow Pages stock, you can refer to the label archives in this blog and to recap, the company has three existing businesses: (a) its traditional search and printed media division; (b) its river taxi division; (c) food division in an associate company: Yamada and Wendy’s and the upcoming division will be the property business, starting with the retail property in New Zealand. I have much interest in Global Yellow Pages stock and I believe this stock can be a ......