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Yangzijiang Chart Updates
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ghvalentino
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13-Nov-2020 15:09
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Smart man, waiting for call more EGMs. Call like shiok only mah. Or advisor kena f*** and no more say liao bo? Ho say liao
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hongchangcc
Senior |
13-Nov-2020 11:52
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Thank you bro immotion. Wah, he resigned, then why not he resign to Ah Chng? Bo lui you..I am not good on the details. Hope Ernest Balasubramaniam is the piè ce de ré sistance (french for skins in the game).
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Immotion
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13-Nov-2020 10:00
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CEO resigned Not kick out. Nobody can kick him out, EGM over. He is in control.
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hongchangcc
Senior |
12-Nov-2020 23:30
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Some baffling questions for me, as I am not good on the facts. Having studied the public available information, I am still baffled: 1. How is can Ernest Balasubramaniam one day independent, next day non-independent? HOW CAN B DIS ALLOW??? 2. Do note, we hope TOH is independent, or it will be exposed once more. Is TOH INDEPENDENT??? 3. Chng want to become Executive Directors, and then now Chen is Executive Director. I am not good on this, this one count as PLAGIARISM??? |
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karito16888
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12-Nov-2020 23:06
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ALL CHARACTERS IN THIS STORY ARE TO BE TAKEN AS FICTIONAL. ANY LIKENESS TO FIGURES OR HISTORICAL EVENTS IS PURELY COINCIDENTAL. " I am looking forward to my new role. Due to my extensive expertise as a Real Estate lawyer, and my network of Real Estate advisors, I will expand the business into my network of networks. I plan to expand into expansion, which will be an advantage for the company. Thank you." -Opus Lampar, New Executive Chairman of Chairmans |
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hongchangcc
Senior |
12-Nov-2020 20:52
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(" Long live the difference, long live Vibropower. With you." )
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lsb007
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12-Nov-2020 20:47
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Quand on a pas ce que lon aime il faut aimer ce que lon a When one doesn' t have the things that one loves, one must love what one has. |
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hongchangcc
Senior |
12-Nov-2020 20:37
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As Frederick Douglas said, " Power concedes nothing without a demand."
Vive La Diffé rence, Vive La Vibropower.
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hongchangcc
Senior |
12-Nov-2020 20:33
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Cessation of Mr Benedict Chen Onn Meng as Executive Chairman of the Company Omg..........CEO BENEDICT CHEN HAS BEEN KICKED OUT OF VIBROPOWER. |
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karito16888
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12-Nov-2020 18:44
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Sorry bro for being not good on details tiao, and for late reply as I thought you were kooning.
I checked myself, no doubts Chng will have won without Wongs - Wong spin him around big time. Spin and spin and spin. Until master become disciple. Ok I go kuning now.
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SpinAround
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12-Nov-2020 13:13
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I am not good on the details. My hunch says Chng is losing. Base on public information ho.
His chance dropped a lot after placement but mathematically still have chance, tiao bo? He win if no placement. You can check yourself, without Wongs CEO will not win. Without Wongs Chng will be buying more in open market. Cannot fight the facts. Now status quo liao Vibropower go into winter nap again. No more chance for minority shareholders if status quo. Now is Mie Kar jiao la. 😀 . No more Skin.
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St.Maximus
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12-Nov-2020 06:18
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To give up trying to take over vibro
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karito16888
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11-Nov-2020 23:45
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He lost bro. Wonder what kind of advice his advisors or lawyers (as per public information on BT article) gave him LOL.
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ghvalentino
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11-Nov-2020 21:41
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When Chng start? | ||||
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hongchangcc
Senior |
10-Nov-2020 15:44
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Bro, let' s move on.....
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karito16888
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10-Nov-2020 13:17
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Hope you haven' t fallen asleep bro zzzz, wanted to ask a qn - agree that after placement the situation changed. But chng still exercised warrants aggressively as per public information..wouldn' t that suggest that he thought he was still in with a fighting chance? Or am I missing something? Agree that bro Hong overreacted a bit, glad to see he is reflecting now.
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St.Maximus
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10-Nov-2020 10:57
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This may still be the official thread. Thanx bro. Hong and Joelton for the news. Confirmed!
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SpinAround
Member |
10-Nov-2020 10:55
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Hum... EGM over this is still active.
Result not surprise la, public information alredi saying this result leh. The parties action also saying liao. Too bad for Chng is after placement, situation changed. Now he has so much shares, what he will do? See how lor.... Bro Hongchangcc is overacting la during EGM even situation is not that. But.... I am not Bro WB it is not fair to him. Till then see you, now Vibropower go back to 😴 zzzzZZZ. hahaha |
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hongchangcc
Senior |
10-Nov-2020 10:32
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Media Statement &ndash Conclusion of EGM (9 Nov 2020) VibroPower concluded its EGM today and would like to thank all shareholders for their interest and support for the Group, especially given the continuing tough global and domestic conditions and the resulting impact on businesses. As VibroPower navigates through these challenges, the Group is mindful of recent shareholder concerns which were raised and addressed through various platforms, including the Singapore Exchange. Through all communications, VibroPower&rsquo s actions were fully compliant with the law and applicable SGX listing rules. VibroPower has acted and will continue to act in the best interests of all shareholders. The strong results of the EGM today vindicate the Board and underlines the confidence and support for the current Board to move on with its strategic plans for the benefit of all shareholders. Looking ahead, VibroPower will continue to execute on-going projects on hand, while transforming itself into a more competitive Group within the power generation industry. The foray into Malaysia will be driven through the new strategic investors while the push into China through wholly owned Shanxi Weineng will help diversify revenue streams. Equally important is the strategic focus on developing sustainable energy solutions. At VibroPower, we continue to believe that there is much to be pursued and achieved within the Group&rsquo s core power generation business and we look forward to working with all shareholders to move forward with these initiatives. |
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Joelton
Supreme |
10-Nov-2020 09:10
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Requisitioning shareholders fail to oust Vibropower' s board at EGM
A GROUP of shareholders failed to oust the board of power generator supplier Vibropower Corporation at an extraordinary general meeting (EGM) on Monday.
However, one of nine resolutions allowing directors to issue shares or convertible securities was passed.
Requisitioning shareholder Alex Chng had, together with his cousin Lim Eng Tiong, attempted to boot out all of VibroPower' s three directors, including the company' s founder Benedict Chen, and then appoint himself and two others to the board.
But all the resolutions for removal and appointments garnered about 40.95 per cent of votes each - a shade shy of the simple majority required to pass them.
But the resolution for a proposed share issue mandate was voted in by 58.67 per cent of votes, coming in the wake of a rights-cum-warrants issuance and placement already completed this year.
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