Mingyuan Medicare Development Company Limited
Mingyuan Medicare (0233): everything vetoed at AGM
Company announcement, 12-Jun-2014
We note that Mr Yao Yuan, the Chairman, holds 50% of the largest shareholder, Ming Yuan Holdings Ltd, which owns 946,169,075 shares, close to the number which voted against. Mr Chow Wing Kin, INED, appointed 2 months ago, was removed.
Company announcement, 12-Jun-2014
We note that Mr Yao Yuan, the Chairman, holds 50% of the largest shareholder, Ming Yuan Holdings Ltd, which owns 946,169,075 shares, close to the number which voted against. Mr Chow Wing Kin, INED, appointed 2 months ago, was removed.
STuffed!
In Jan-02, we criticised South China Holdings for its unlisted dividends in specie, and warned that the logical extreme was to distribute the bulk of the assets as an unlisted company. The rules remain unchanged, and Sing Tao Holdings has now done exactly that, distributing the bulk of its assets in an unlisted company for which parent Global China made a take-it-or-leave it offer. Some choice. (25-Sep-2002)
In Jan-02, we criticised South China Holdings for its unlisted dividends in specie, and warned that the logical extreme was to distribute the bulk of the assets as an unlisted company. The rules remain unchanged, and Sing Tao Holdings has now done exactly that, distributing the bulk of its assets in an unlisted company for which parent Global China made a take-it-or-leave it offer. Some choice. (25-Sep-2002)
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