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FairPlayer Member	25-Aug-2017 21:43        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Minority Shareholders of AZTECH have WON!!!          Result:- Aztech Selective Capital Reduction EGM 25August2017 Results Total votes cast :  4,441,661   Total votes FOR:  2,754,360(62.01%) 62.01% Total votes AGAINST:  1,687,301 (37.99).  37.99%
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ysh2006 Supreme	17-Aug-2017 07:52        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aztech minority shareholders must united just go to egm next friday at Suntec say no to the management every vote and attendance count.SIAS or MAS maybe send rep to act as observor too ! VoteDown      ( Date: 16-Aug-2017 10:02) Posted: Poor thing       looks like this Forum dont have  Aztech supporters. As FairPlayer  said  aztech minority shareholders  are mostly aunties & uncles.  Maybe we could all go back home n ask our parents & old relatives if they own Aztech shares.
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VoteDown Member	16-Aug-2017 10:02        VoteDown About Contact  Quote this Post!
x 0   x 0  Alert Admin	Poor thing       looks like this Forum dont have  Aztech supporters. As FairPlayer  said  aztech minority shareholders  are mostly aunties & uncles.  Maybe we could all go back home n ask our parents & old relatives if they own Aztech shares.
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FairPlayer Member	15-Aug-2017 09:27        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the support. Hope to succeed.
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ysh2006 Supreme	15-Aug-2017 09:10        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go and attend the EGM and say no to the management.Small shareholders need 75% attendant to void this proposal by management! FairPlayer      ( Date: 14-Aug-2017 22:24) Posted: Date: 14th August 2017 Dear Aztech Minority Shareholder, We are a group of Aztech minority shareholders like you. We would like to share with you our position on Aztech and the path forward. We hope you have read the Aztech circular sent to all of us recently regarding the company' s proposal to implement a Selective Capital Reduction exercise. All of us like you, did not accept Aztech' s earlier " $0.42 Exit Offer" because we felt it is a raw deal much to our disadvantage. We wish to remain as a shareholder of Aztech even though it is no longer a public-listed company because we believe Aztech will be profitable in the next year or so after all its recent clean-ups and write-offs of past losses and provisions for impairments. This is with the understanding also that much of its shipping assets have already been impaired. The earlier Exit Offer provided every shareholder an option to either (a) accept AVS offer and exit or (b) reject AVS offer and remain as a shareholder even if the resolution to delist Aztech was passed. All of us took option (b). However this new Selective Capital Reduction exercise puts minority shareholders in a spot to either vote FOR or AGAINST the proposed Special Resolution for a buy-out of the minority shareholders' share holdings at $0.42 a share by the company Aztech (not AVS) using the company' s own cash resources (not AVS/Mr Michael Mun' s). If the resolution is carried AVS/Michael Mun will inherit the company Aztech all for himself with a share capital of $73,089,897.34 comprising 39,486,622 shares which work out to $1.85 per share. For those minority shareholders who had missed out in the earlier exit offer for whatever reason and now wish to exit they will definitely attend the EGM or submit a proxy form to vote FOR the proposal/resolution. On the other hand if the rest of the minority shareholders, like us, who wish to continue as a shareholder but do not take any action, this proposal/resolution when passed will mandate the Company to compel us to accept the buy-out offer at $0.42 a share when the NTA per share is $0.979. Excluding the 2,400,100 treasury shares from the computation the NTA is about $1.027 a share. So doing nothing is not an option for those of us who were originally disinclined to accept the exit offer of $0.42 a share against a NTA per share of $1.009 then. Therefore it is imperative that we must try our very best to be present at the EGM and vote AGAINST the resolution or alternatively appoint a Proxy to attend the EGM on your behalf to vote AGAINST the resolution.         REMEMBER TO VOTE AGAINST THE PROPOSAL/RESOLUTION   See you on 25th August 2017 at 10 am, Suntec SIC& EC Level 3 Room 311. Thank you and with warmest regards. Aztech Minority Shareholders Watch.
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FairPlayer Member	14-Aug-2017 22:24        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Date: 14th August 2017 Dear Aztech Minority Shareholder, We are a group of Aztech minority shareholders like you. We would like to share with you our position on Aztech and the path forward. We hope you have read the Aztech circular sent to all of us recently regarding the company' s proposal to implement a Selective Capital Reduction exercise. All of us like you, did not accept Aztech' s earlier " $0.42 Exit Offer" because we felt it is a raw deal much to our disadvantage. We wish to remain as a shareholder of Aztech even though it is no longer a public-listed company because we believe Aztech will be profitable in the next year or so after all its recent clean-ups and write-offs of past losses and provisions for impairments. This is with the understanding also that much of its shipping assets have already been impaired. The earlier Exit Offer provided every shareholder an option to either (a) accept AVS offer and exit or (b) reject AVS offer and remain as a shareholder even if the resolution to delist Aztech was passed. All of us took option (b). However this new Selective Capital Reduction exercise puts minority shareholders in a spot to either vote FOR or AGAINST the proposed Special Resolution for a buy-out of the minority shareholders' share holdings at $0.42 a share by the company Aztech (not AVS) using the company' s own cash resources (not AVS/Mr Michael Mun' s). If the resolution is carried AVS/Michael Mun will inherit the company Aztech all for himself with a share capital of $73,089,897.34 comprising 39,486,622 shares which work out to $1.85 per share. For those minority shareholders who had missed out in the earlier exit offer for whatever reason and now wish to exit they will definitely attend the EGM or submit a proxy form to vote FOR the proposal/resolution. On the other hand if the rest of the minority shareholders, like us, who wish to continue as a shareholder but do not take any action, this proposal/resolution when passed will mandate the Company to compel us to accept the buy-out offer at $0.42 a share when the NTA per share is $0.979. Excluding the 2,400,100 treasury shares from the computation the NTA is about $1.027 a share. So doing nothing is not an option for those of us who were originally disinclined to accept the exit offer of $0.42 a share against a NTA per share of $1.009 then. Therefore it is imperative that we must try our very best to be present at the EGM and vote AGAINST the resolution or alternatively appoint a Proxy to attend the EGM on your behalf to vote AGAINST the resolution.         REMEMBER TO VOTE AGAINST THE PROPOSAL/RESOLUTION   See you on 25th August 2017 at 10 am, Suntec SIC& EC Level 3 Room 311. Thank you and with warmest regards. Aztech Minority Shareholders Watch.
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FairPlayer Member	12-Aug-2017 16:27        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	THANKS,
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HazardKoh Master	12-Aug-2017 15:27        HazardKoh About Contact  Quote this Post!
x 0   x 1  Alert Admin	All the best bro, keep us updated. We small shareholders must show them  our power :) FairPlayer      ( Date: 12-Aug-2017 15:14) Posted: few years back, CK Tang minority shareholders succeeded in defeating a similar tactical resolution.
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FairPlayer Member	12-Aug-2017 15:14        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	few years back, CK Tang minority shareholders succeeded in defeating a similar tactical resolution.
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HazardKoh Master	12-Aug-2017 14:23        HazardKoh About Contact  Quote this Post!
x 0   x 1  Alert Admin	hmm... maybe can learn from Sabana Reits guys... so far the sabana shareholder group are the only one that actually succeed based on my memory.   FairPlayer      ( Date: 12-Aug-2017 10:28) Posted: Mr Koh, at hindsight picking a specific period to compare is 20/20 vision. Any1 could oso have exchange for a stock that dont move or worst bought Noble or Rowsley at the high!!  We are all Singaporean, good training to STANDUP & FIGHT.
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VoteDown Member	12-Aug-2017 13:07        VoteDown About Contact  Quote this Post!
x 0   x 0  Alert Admin	I support you, lets fight the bullies for the MINORITY.   FairPlayer      ( Date: 12-Aug-2017 10:28) Posted: Mr Koh, at hindsight picking a specific period to compare is 20/20 vision. Any1 could oso have exchange for a stock that dont move or worst bought Noble or Rowsley at the high!!  We are all Singaporean, good training to STANDUP & FIGHT.
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FairPlayer Member	12-Aug-2017 11:01        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aztech Proposed Selective Capital Reduction www.aztech-group.com/PDF/AztechGroupLtd_CircularDated03August2017.pdf
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FairPlayer Member	12-Aug-2017 10:28        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mr Koh, at hindsight picking a specific period to compare is 20/20 vision. Any1 could oso have exchange for a stock that dont move or worst bought Noble or Rowsley at the high!!  We are all Singaporean, good training to STANDUP & FIGHT.
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HazardKoh Master	12-Aug-2017 10:12        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	I mentioned before, no point fighting the management. SGX wun protect u, imagine now it is a private company, even worse. Small investors will not be able to win. I said before is better to sell to them at 42 cents and switch counters and ur 42 cents may double during the bull run. Imagine u have sold in January , then switch to other counters. Many counters have chiong during this period from Jan to July  ==> bull run during this period. U may have double ur 42 cents during this period already. Now u are at the mercy of the management of a private company and may have to be forced to accept the 42 cents. U lost the opportunity to double your 42 cents during the bull run recently and have to suffer at the hands of the management.   HazardKoh      ( Date: 24-Jan-2017 20:15) Posted: U like to own private Aztech share which CANNOT BE SOLD openly ??? is like having ur ex-gf body and not her heart. ok nvm.. i too busybody liao.. Keep Aztech if u want, just warning u that Aztech shares as a private company is very difficult to be sold and u are at the mercy of the Muns where there is no rules/laws to restrict/govern them, the Muns are the law/rules/king, u are at their mercy. They have no obligation to buy over ur shares and u will be stuck with the shares perpetually and if that is what u want, then good luck to u then. Wow.. trying to prevent u all from getting stuck with illiquid Aztech shares when it goes delisted and kana scolding from u all. ok then... u all can keep Aztech shares u want.. cheers.. I better shut up. Getting stuck becos of one tree and giving up the whole jungle.. really unbelievable.   littleones      ( Date: 24-Jan-2017 20:07) Posted: There is no comparison.   How can you compare something that is non monetary to something that is monetary.   I agreed once your gf decide to leave you, you should leave her but has Aztech shares decided to leave you?   You can own Aztech share perpetually if you want but you cannot do that with your ex-gf, can you? Stupid comparison
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FairPlayer Member	12-Aug-2017 09:13        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think many many small retail shareholders (igorant lamb ... poor thing)  felt short changed but got NO VOICE... each of them too small, tho there are more than 5000 of them. Most are invested with CPF$ during IPO. VERY VERY LOW BALL indeed. Listed time cannot cross 90% to compulsory acquire BUT now delisted can take easier route. Only need to call EGM, called all ' lambs' up one by one, ask them to collect $ simply sending in Proxy Form by voting ' For' then sit & wait for cheque in the mail. Our law makers and gatekeepers ALL SLEEPING lah with all these ' lambs' being slaughtered under their noses.
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ysh2006 Supreme	11-Aug-2017 05:29        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I heard some of the shareholders want to ask SIAS or Newspaper help to write an article about the coming egm. FairPlayer      ( Date: 06-Aug-2017 18:21) Posted: 1. Unlisted companies are still governed by the Companies Act oversee by Acra. 2. Agree with you to cut loss if it was a small loss n company in bad shape. Every1 of us invested in a company on the premise that it's good after some research work or asking around. So not easy to turn around n think it's has now gone bad. 3. I disagree with you to say put this 42cts into a new company. Unless it's pao chiak type how are we to know it will turn out good. After many years we all have a basket of good stocks n bad. The challenge is to have more good than bad stocks. 4. If we can pick the right stocks all the time den "beethung" liao better than Warren B. 5. FYI I hv cut loss in other stocks b4. Some can't even cut just go bust. This is my first privately owned company. Good experience to go thru. I think it's still a better choice den owning many of the S-Chips that are are listed in SGX.
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FairPlayer Member	06-Aug-2017 18:21        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	1. Unlisted companies are still governed by the Companies Act oversee by Acra. 2. Agree with you to cut loss if it was a small loss n company in bad shape. Every1 of us invested in a company on the premise that it's good after some research work or asking around. So not easy to turn around n think it's has now gone bad. 3. I disagree with you to say put this 42cts into a new company. Unless it's pao chiak type how are we to know it will turn out good. After many years we all have a basket of good stocks n bad. The challenge is to have more good than bad stocks. 4. If we can pick the right stocks all the time den "beethung" liao better than Warren B. 5. FYI I hv cut loss in other stocks b4. Some can't even cut just go bust. This is my first privately owned company. Good experience to go thru. I think it's still a better choice den owning many of the S-Chips that are are listed in SGX.
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HazardKoh Master	06-Aug-2017 17:52        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh i see. thanks for the info. My own feeling is without SGX, without any governing authority, the management will be even more harsh to small investors as they are not under any control. If u dun grab this last chance to sell to them at 42 cents, then next time they can just ignore u and the share become a ornament aka useless paper already. (of course u may still get dividends). Imagine u sold the shares at 42 cents a few mths ago and invested in other shares, u may have already make profit already instead of getting trapped and at the mercy of the management as a private company. Just my thought. Sometimes i feel no point hoping the management would be nice to small investors, no way this will happen in singapore :)   FairPlayer      ( Date: 06-Aug-2017 17:05) Posted: Yes its like an extension of the earlier offer at the same price 42cts. However instead of just accepting those who missed the boat earlier n wish for a second chance it's all or nothing for this new offer. Whether it's right or wrong depends on each individual. For a dollar invested n losing 90cts no harm betting for the remaining 10cts n hope for a better future. Of cos the company background n business still need to be risk assess whether to risk the 10cts. Aztech is a company with more cash compared to the 100% buyout price. So he smart n own the company for zero $.
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FairPlayer Member	06-Aug-2017 17:05        FairPlayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes its like an extension of the earlier offer at the same price 42cts. However instead of just accepting those who missed the boat earlier n wish for a second chance it's all or nothing for this new offer. Whether it's right or wrong depends on each individual. For a dollar invested n losing 90cts no harm betting for the remaining 10cts n hope for a better future. Of cos the company background n business still need to be risk assess whether to risk the 10cts. Aztech is a company with more cash compared to the 100% buyout price. So he smart n own the company for zero $.
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HazardKoh Master	06-Aug-2017 15:05        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Take every minority shareholder out? means they will buy over ur shares? at how much per share? same as the 42 cents offer during SGX time? So do u think is better to sell at 42 cents last time  when it was still in SGX  or keep the shares as a private company now on hindsight? This can serves as a lesson for next time when we small shareholders encounter the same thing, aka should we just sell our shares when there is a takeover/buyover or we insists on not selling and keeping share in a private company. Thanks   FairPlayer      ( Date: 06-Aug-2017 13:32) Posted: Ok its working now. In brief after Aztech delisted early this year, an AGM was called on 18Jul. Normal event, just standard resolutions were proposed and subsequently approved. Aztech is now calling for an EGM on 25th Aug to approve their proposal for a " Selective Capital Reduction" via a " Special Resolution" . If the resolution is approved by 75% of minority shareholders (total no of shareholders around 5.5K), it effectively take every minority shareholder out without any other choice. The offer circular of 165 pages is not easy for many of us to understand. Presumbly many will just ignore & skip (which I used to do until now).  I am here to share with other Aztech minority shareholders that if they wish to continue keeping their shares in Aztech(unlisted public company), they must vote against the proposal  (no other option). They can either vote by attending the EGM or by Proxy. PM me if you wish to have further discussion on this matter.
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