Governance structure
major shareholder, beneficially owning 22.9%). However, the disclosure does not expressly identify him as a controlling shareholder.
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
The Company received a shareholder proposal from H.a.N Group. The Company is neutral toward the proposal at this time and wishes to begin discussions.
| Item | Details |
|---|---|
| Controlling shareholder | Lian Yih Hann (major shareholder, beneficially owning 22.9%). However, the disclosure does not expressly identify him as a controlling shareholder. |
| Changes this time | The Company received a shareholder proposal from H.a.N Group. The Company is neutral toward the proposal at this time and wishes to begin discussions. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The exercise of the outstanding MSW has not progressed due to the depressed share price, preventing the Company from raising funds. As a result, its reliance on borrowings has increased and its debt has grown. The proposing shareholders explained that debt reduction through a DES and new funding are necessary.