2 days ago, I attended a dialogue session organized by Securities Investors Association of Singapore (SIAS) for minority shareholders to meet John Lim, founder of ARA Asset Management, to understand more about the recent privatization offer.
A few of my friends and readers could not attend the dialogue session due to work and travel commitments. So if you’ve missed the session, let me share with you my notes so that you have better clarity before making the final decision whether to accept or reject the offer at the upcoming Scheme Meeting on 23 March 2017, 11am.
The meeting started off with the standard corporate presentation on the privatization offer. Thereafter, David Gerald from SIAS and John Lim took over the stage and kick start the dialogue session with the shareholders.
Here are some key points shared by John Lim during the session:
- The offer price of $1.78 would not …