Governance structure
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The previous proposal was withdrawn and changed to this proposal, which revises the DES issue price per share from ¥2 to HK$0.1. The dilution rate and number of shares to be issued remain unchanged. The borrowing amount under the credit facility was updated in connection with the additional borrowings.
| Item | Details |
|---|---|
| Controlling shareholder | Lian Yih Hann is described as beneficially holding 22.9%. However, the documents do not expressly identify him as a controlling shareholder or parent company. |
| Changes this time | The previous proposal was withdrawn and changed to this proposal, which revises the DES issue price per share from ¥2 to HK$0.1. The dilution rate and number of shares to be issued remain unchanged. The borrowing amount under the credit facility was updated in connection with the additional borrowings. |
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.Due to fluctuations in the Hong Kong dollar/Japanese yen exchange rate, the previous proposal's issue price of ¥2 per common share could fall below the common shares' par value of HK$0.1. The borrowing amount under the credit facility was also updated because additional borrowings were made.