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Synear
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happyharvest
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19-Aug-2013 10:23
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I called the boardroom just now and they said the same things as what lazyposter said. The chairman would come fr synear fyi . so those who can't make it to the sgm can indicate their decision in the proxy form. |
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Lazyposter
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19-Aug-2013 10:09
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Hi everyone, I have called in to the CDP customer helpline and gotten a verbal confirmation on the Depositor Proxy Form. The CDP officer confirmed that a Synear shareholder can vote using the Proxy Form even if Part II (details of proxy/appointee) is left blank. Essentially, you vote " For" or " Against" the delisting offer in Part III, submit the signed Proxy Form to the address given at Singapore Land Tower, and even if your proxy doesn't turn up for the Special General Meeting or you never indicated a proxy in Part II to begin with, the Chairman of the Special General Meeting (whoever that will be) will be bound to vote in accordance with your written instructions in Part III of the Proxy Form. As I won't be able to make it for the Special General Meeting and don't have a proxy available, but I want to vote AGAINST the delisting offer, I will be filling in the Proxy Form with Part II blank and Part III filled in (tick in the " Against" box), sign off and deposit the signed form at the given address. If this effort fails and the delisting offer unfortunately gets approved, I will then have no choice but to accept the Exit Offer at $0.186 by filling in the other Exit Offer Acceptance form after the Special General Meeting. Please don't take my word for it. Call or write in to CDP to confirm for yourselves and share what you learn here. That's a much better use of time than typing out personal attacks over hurt feelings. I wish everyone here the best, let's get our money's worth here in this counter by working together. |
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happyharvest
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19-Aug-2013 09:54
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Oh, so u dun feel good when someone putting words in yr mouth. I have written many times I can't make it to the sgm..
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samsonite
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19-Aug-2013 09:16
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When did I say I am going overseas???? This is new to me???? If you are really exploring options and enquirying then state them exactly as such. Making ambiguous statements like " hoping Chairman vote for me" and " wanting to sell online" sound like your are abetting others to do so more than mere " exploration" . If you really going to SGM to vote why so desperate to hope " Chairman vote for you" anyway? In the Army this is akin to weakening morale. If you want to sell then just do it. Else keep this thoughts to yourself, you don't need to remind us continuously about your pessimistic thoughts. If you keep this us, whether you are in LW camp or not regardless, you are behaving exactly like a troll , period.
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buaypangsai
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18-Aug-2013 19:52
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1. Yes, let's stay united. Like what Ernst and Young had mentioned in their findings as reported in the thick book -- this is NOT a fair delisting price. 2. Can someone confirm royson 52391000 3.81% & huge wealth 24661000 1.79% have not stated their stand? 3. I have also submitted my enquiry to CDP. Let's wait. Let's crush LW!
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Lazyposter
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18-Aug-2013 14:42
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Hi guys, I'm a fellow synear shareholder myself and I believe all of us are eager to vote against the delisting offer as it is made at a simply ridiculous valuation. Let's not get into any disputes over your different views. I have read the documents and it does seem to suggest that you can vote via proxy form, and in the event where your appointed proxy doesn't act for any reason the chairman of the meeting will vote in accordance with your written instructions on the proxy form (i.e. whether you are for or against the delisting, depending on the box you tick). In any event, the safest thing to do is to check with CDP. I'll try to do that and update everyone here as soon as I can, but I hope everyone of you can do the same as well so that we can all take the necessary steps with peace of mind, having confirmed the right procedures.
We're all adults. Let's not jump to conclusions and second guess, and work together to share genuine info constructively. After all, we all want to minimise our losses from this ridiculous exercise, let's not make it any more painful than it already is. |
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teeth53
Supreme |
18-Aug-2013 10:24
Yells: "don't learn through life, learn to grow with life " |
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MISCELLANEOUS :: DESPATCH OF DELISTING CIRCULAR AND EXIT OFFER LETTER VOLUNTARY DELISTING OF SYNEAR FOOD HOLDINGS LIMITED ? EXIT OFFER LETTER Synear will be convening a special general meeting (?
Each Shareholder who accepts the Exit Offer will receive S$186 for every 1,000 Offer Shares. being approved by a majority of at least 75% of the total number of issued Shares (excluding treasury shares) held by the Shareholders present and voting, on a poll, either in person or by proxy at the SGM (the Directors and controlling Shareholders need not abstain from voting on the Delisting Resolution)
The Delisting and the Exit Offer will be conditional on:
(a) Resolution for the Delisting
(b) Delisting Resolution not being voted against by 10% or more of the total number of issued Shares (excluding treasury shares) held by the Shareholders present and voting, on a poll, either in person or by proxy at the SGM |
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happyharvest
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18-Aug-2013 02:43
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Ok. My apologies. It is not samsonite but buaypangsai who posted in the other forum.
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happyharvest
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18-Aug-2013 02:39
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I get the idea because you posted in another forum and someone replied can get chairman of the meeting. Period! t
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happyharvest
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18-Aug-2013 02:35
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I think it is better to call the boardroom office to enquire as they handle the form.
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happyharvest
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18-Aug-2013 02:16
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I have already mentioned. I can't go to vote against and is pessimistic of the outcome. Where did I say I have made up my mind -- really crazy forumer. I was thinking of the worst case scenario and thinking if selling through online forum is better or fill up the exit offer. For someone who is wise enough should have dissuade me from doing so instead of keeps having unfounded conclusion. If you scroll down and check, all I did was asking questions and suddenly a crazy samsonite - the kan jiong spider - keeps thinking I am a troll for LW. If I am, I would already more than cover my lost on this stupid Synear liao. LOL The CNA forum gone, so surely I have to go other forum to seek answers. And I merely go 2 forums, if I am not wrong, to check it out. As for you, you go to more than 2 forums to ask questions on Synear. I think the pot is calling the kettle black. I don't think I want to waste my time on you anymore.
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happyharvest
Senior |
18-Aug-2013 02:03
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Samsonite, you are one crazy forumer that I have come across lately. Where did I mention can do pre-voting via proxy form? I also don't know and is exploring options and enquirying. It is really my bad luck to have you keeps barking at me for nothing. Keeps getting the nonsense idea that I am a troll LW. Must I take a photo of my exit letter and proxy form to show I am another retailer who kana the stupid Synear? lol By the way, there is the CDP or the boardroom office to enquire. Samsonite is not able to vote on the exact day as he would be overseas so he is kan jiong and keeps thinking of conspiracy theory. craps. really my bad luck...
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samsonite
Member |
17-Aug-2013 17:16
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Great idea to check on the chairman clause. My concern is what mean Chairman , is it LW? Opinions posted here including mine is just a guide so always double check with CDP or another trusted authority. But be very wary of this happyharvest guy. His objective seems grey but border on trying to confuse and misguide. He create same id in many stock forums and kept asking who vested in Synear. So he clearly interested party to be willing to spent the time and effort like that. The only question is which party: LW or minorities? He says he want to sell in open market or even accept offer but contradict himself by saying he is against delisting as below. And if he already made up his mind then why still bother to post in so many forums. Take the money and go right? He acts as if he is a newbie yet he can derive new ideas like pre-voting using proxy form and now pick on another phase in the proxy form about Chairman. That is the dodgy part about him too. For argument sake, even if he is innocent , his eccentric words are not helping but confusing many. But to be frank, his objective seems to me is to go to every stock forum seek out people discussing Synear then when he find them , try to confuse them. |
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buaypangsai
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17-Aug-2013 12:24
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someone in VB forum also mentioned can get chairman to vote for you. I will email CDP to check on this. |
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samsonite
Member |
17-Aug-2013 04:12
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Don't listen to happyinvest. about pre-voting via proxy form. Do not know why he is trying to misdirect others to do wrong thing? There is no such thing as pre-voting else why need proxy at all? Then all don't need attend liao lor just pre submit vote? Now he got this fantastic idea of getting Chairman to vote for him? His own money he treat so frivolously and want others to do for him? How to say not a troll for LW leh? What I can conclude from the option to tick in the proxy form is just a counter check in the event of a dispute when a greenhorn proxy first time voting might be misdirected to vote wrongly by some vested people during SGM. Thus the best is still to attend SGM personally if you are not seriously immobilized. This is your money so your own responsibility. If you are too complacent and let a proxy who is very free to do the job, the proxy if he/she is not vested might go late or lost his way but not concerned that much as it is not his/her money. Thus the proxy is just a last resort in case you are definitely tied down (example seriously not feeling well) at the last minute. As said, anything still not fully convinced personally, always call up CDP hotline below or go there personally to CDP office at SGX centre level 2 shenton way. They are obligated to provide clarity. I have called CDP and even check at their office regarding other shares matter in the past too. If you really feel anxiety then another way is to form a self help group of fellow investors in synear who have the same aspiration as you to meetup one weekend to collect all doubts then one or 2 in the group consolidate the list of questions to go double check with CDP during office lunch break perhaps. Can even buddy up to meetup up at Expo on SGM day 1 hour early in the morning to drink coffee then maybe share a cab to the venue etc. Or back one another up as proxy in unfortunate event one in the group seriously can't attend on the day itself. As stated in the form even after you appoint a proxy, you still can choose to attend personally so the proxy is a backup option. Macham like army buddy system if you can call it that way.
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happyharvest
Senior |
17-Aug-2013 02:04
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I also don't know what to fill in for II(a). Hopefully no need to fill in II(a) and the chairman of the meeting will vote on my behalf. It is definitely in our interest to vote against.
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Dabian
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17-Aug-2013 01:40
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Somsonite have given advice which can submit but have to fill up the proxy form. As you said, you going during lunch time. May be after you successful submit the form, you can advice what to fill up the II (a) and do they need to verify for section V. To me, definately vote AGAINST.
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happyharvest
Senior |
17-Aug-2013 00:51
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huh... you mean I can't submit the proxy form myself at the stated office? :(
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happyharvest
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17-Aug-2013 00:26
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After reading through the below information, I get to know that I can vote against by submitting at SLT. Now filling up the form and going to the office during lunch hours. Those who accuse me don't have to apologize but please don't anyhow flame people without confirming. This will make your words in the online forum more credible. Thanks |
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happyharvest
Senior |
17-Aug-2013 00:17
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Can I mail the form to them?
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