From the posting: Business Times Writes About Unfair And Reasonable!
- What comes to mind is the two occasions when Pharmaniaga planned for privatisation.
On the first privatisation, "independant adviser" advised not to accept the offer, and the exercise did not go through. Subsequently, the price of Pharmaniaga slummed.
On the second privatisation, another "independant adviser" advised to accept, and the exercise completed. Subsequently, the price of Pharmaniaga soars.
On both occasions, the mionrity shareholders got screwed.
Advise or lie?
For me, right now, there's indeed some changes when compared to previous years but I would say it's nor enough.
The next step is, we need our minority shareholders to be better advised.
An unfair order is unfair. End of.
It should be rejected.
Calling it 'unfair but reasonable' is just not acceptable.