Does Corporate Governance Exist in Singapore?

[ghchua]

For the Jaya disposal EGM, the proceeds still goes back to the company. In an takeover/privatization, the potential upside is taken away from minorities to the majority shareholders with insider operational info. Not the same scenario.

One can also argue that the upside potential of Jaya is taken away by the disposal, although the proceeds still goes back to the company.

Similarly, for takeover offers, it can be from a third party not related to the majority shareholders, so no advantage of insider operational info.

I guess we have to take each case as unique and react accordingly.