Posts: 537
Threads: 16
Joined: Dec 2010
Reputation:
7
Why should 98 Holdings abstain from voting anyway? I dunno much about corporate governance but 98 Holdings/OBS has a large stake in NSL has always been an open thing. What could they be thinking?
You can count on the greed of man for the next recession to happen.
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
(18-11-2013, 10:57 PM)pianist Wrote: where is the corporate governance? tot 98 holdings should be abstained from voting?
Not interested party transaction. No need to abstain.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 854
Threads: 10
Joined: Sep 2010
Reputation:
14
its becoming a shell again. they have a few diversified business but chemicals is the core and out of that the majority of profits come from there.
the interesting thing is that they have another collaboration plant with their Japanese customer which should just come online. this should mitigate the affected profits. which puzzles me why they are selling, unless they are being pressured.
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
Was never a shell. It was natsteel.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 730
Threads: 27
Joined: Sep 2010
Reputation:
8
I saw earlier they were hiring corporate finance and planning personnel which leads to my belief that NSL is probably looking at some project. However, of course, the uncertainty is not easy for investor to stomach
Posts: 537
Threads: 16
Joined: Dec 2010
Reputation:
7
Bangkok Synthetics Co., Ltd Thailand
You can count on the greed of man for the next recession to happen.