Synear Food Holdings

[happyharvest]

need to fill in part II(a) ?

Can ask the 'Chairman of the Meeting' to vote according to what u have written on the proxy form.

can someone confirm this?

You don't have to attend to vote. You can send in your vote by proxy form, and during the voting, your votes will be counted. In a show of hands, the Chairman will raise his hand accordingly (for both yes and no if there are votes on both sides). In a poll, your votes will be added to the correct pile.

In many of the meetings I have attended, the Chairman has had to vote both yes and no on resolutions.

[buaypangsai]

Q1. I will be overseas during that date and I do not have any proxy. I would like to check on the alternative method(s) to vote prior to the SGM. Can I confirm the Chairman of the meeting will vote in such case? Can I trust the chairman will not mishandle votes that's against his stand?

A1. In the absence of a proxy, you may leave Part II blank, indicate “For” or “Against” under Part III (The Chairman of the Meeting will vote in accordance to your indication) or leave Part III blank (The Chairman of the Meeting will either vote “For”/”Against”/”Abstain” for any discretionary votes)


Q2. If question #1 is correct, can I confirm that I DO NOT need to fill in Part II of the form?; I'd just need to fill in Part III and V of the form? And the mailing address is 50 Raffles Place #32-00 Singapore Land Tower S(048623) ?

A2. In the event that you would like the Chairman of the Meeting to vote on your behalf at the SGM, you are only required to fill in Part III and V on the proxy form.

You may mail/send in person the original signed proxy form to the Singapore Share Transfer Agent, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place, #32-00 Singapore Land Tower, Singapore 048623 not less than 48 hours before the time of the Special General Meeting.


Q3. If question #2 is correct, is it compulsory for the signature to match the one held at CDP in order not for the voting form to be voided? I do not remember the exact form of my signature. Is there an alternative way to ensure this risk can be prevented - such as submitting the form in person?

A3. Please ensure that the signature on the form matches with CDP’s records. You may wish to verify with CDP on your signature before submitting the proxy form.

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sharejunc*** people are all voting against the delisting!
vote against LW!

[pianist]

seems like this is a risky counter..just based on the revelation that the directors are from henan...

not vested

[opmi]

Of the 3 IDs, the lead ID seems OK. I dont feel good vibes from the other 2 IDs.

http://infopub.sgx.com/FileOpen/Synear_R...eID=255598

SYNEAR FOOD HOLDINGS LIMITED
(Incorporated in Bermuda)
(Company Registration Number 38042)

LETTER TO THE EDITOR, THE BUSINESS TIMES, FRIDAY, 6 SEPTEMBER 2013 –
CLARIFICATION


The Board of Directors (“Board”) of Synear Food Holdings Limited (the “Company”) refers to the
“Letter to the Editor” column in The Business Times dated 6 September 2013 (the “Letter”) by Mr
Vincent Tan.

Share Price

Mr Vincent Tan has stated as follows in the Letter:

“Recent news of a staphylococcus bacteria contamination had hurt Synear's sales of its
premium dumplings and hence its share price, which has dropped from previous highs of
above $2.

…I do not agree with E&Y's view that the offer is reasonable given the stock's low trading
price, which was affected by the bacterial contamination scare.”

The directors who were considered independent for the purposes of the Proposed Delisting and the
Exit Offer (the “Independent Directors”) consider Mr Vincent Tan’s statement to be incorrect and
misleading.

The Company had on 21 October 2011 released an announcement regarding minute traces of
bacteria in its savour dumping products (which are considered in the tolerable range under current
PRC Ministry of Health standards). In the six months prior to this announcement, the Company’s share
price traded in the range of S$0.115 – S$0.172 per share, with the average price traded during this
period at S$0.1419 per share. Previous highs of above S$2.00 alluded to by Mr Vincent Tan were prior
to 8 November 2007, before the global financial crisis came to a head.

Allegations against the Independent Directors

Mr Vincent Tan has also stated in the Letter that the “Independent directors…have instead assisted
majority shareholder Li Wei and his associates to to [sic] take the company private at a price that
shortchanges minority shareholders”.

The Independent Directors strongly refute any suggestion that they have in any way assisted Li Wei
and his associates in the Proposed Delisting and Exit Offer and take a serious view of the above
allegation by Mr Vincent Tan and reserve their rights accordingly.

Under Rule 7.1 of the Singapore Code on Take-overs and Mergers (the “Code”), “the board of the
offeree company must obtain competent independent advice on any offer and the substance of such
advice must be made known to its shareholders”. Ernst & Young Corporate Finance Pte Ltd (the "IFA")
was appointed to provide such advice to the Independent Directors in accordance with Rule 7.1 of the
Code and had set out its advice in full in the Company’s circular (“Circular”) to shareholders dated 12
August 2013 and the Independent Directors had concurred with the views of the IFA after having
carefully considered the IFA’s advice in detail.

BY ORDER OF THE BOARD
SYNEAR FOOD HOLDINGS LIMITED

Cai Hong
Director

9 September 2013

[specuvestor]

Good business but bad stock. A lesson for value investors to look at more than just the business.

[hh488]

Read somewhere that this CEO also bought hugh stakes in Dukang from the latter's ex-Chairman. And so wondering whether Dukang will follow the same path as Synear if it is to be delisted.

So anyone thinking of buying Dukang pls beware.

[mkmk]

http://infopub.sgx.com/FileOpen/SynearFo...eID=260387

UBS wishes to announce, for and on behalf of the Offeror, that the closing date of the Exit Offer will be extended from 5.30 p.m. on 21 October 2013 to 5.30 p.m. on 28 October 2013 or such later date(s) as may be announced from time to time by or on behalf of the Offeror (the "Revised Closing Date"). If the SGX-ST No Objection Confirmation Condition is fulfilled on or before the Revised Closing Date, the Exit Offer will continue to be opened for acceptance by the Shareholders for at least 14 days after the date of the announcement of the satisfaction of the SGX-ST No Objection Confirmation Condition.

(not vested)

[opmi]

this offer is ongoing for the longest of time. And note that SGX No Objection Confirmation is not given...

[hh488]

this offer is ongoing for the longest of time. And note that SGX No Objection Confirmation is not given...

Yes so what does that means? They hv been applying for extension for at least 4 to 5 times due to the above reason given. Never in the history of listing that SGX been sitting on the approval.

So does this means delisting likely to be rejected this time round .... hope so!

[specuvestor]

I don't even understand why SGX allows it in the first place