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VibroPower

Is this still can consider Independent? I am not good on this. 

WBdisciple      ( Date: 16-Oct-2020 23:23) Posted: OMG....Vibropower shareholders take special note of this upcoming pre-trial on 22 Oct 2020 (Vibropower V EAPOWER)  https://www.supremecourt.gov.sg/hearing. Truly PUZZLING, the lawyer representing  VIBROPOWER PTE LTD is BALASUBRAMANIAM ERNEST YOGARAJAH of  UNILEGAL LLC, who is also the LEAD INDEPENDENT DIRECTOR of Vibropower. Questions: 1. is  Mr  BALASUBRAMANIAM offering his services for free to Vibropower? 2. Is there no other competent lawyers in Singapore that can represent Vibropower? 3. How does the board/company come to the conclusion of engaging its LEAD independent director as its lawyer?  It seems that there are more alarm bells ringing day-by-day.

 

It is important to note that there are many baffling questions here.

It is time for us the SHAREHOLDERS WITH THE SKIN IN THE GAME to do something about it.

WHICH of these CHNG kay can help us????

TWENTY LARGEST SHAREHOLDERS
1 BENEDICT CHEN ONN MENG 
2 UOB KAY HIAN PRIVATE LIMITED 
3 LIM ENG TIONG 
4 LIM SIM BENG   
5 CHEN SIEW MENG 
6 PHILLIP SECURITIES PTE LTD 
7 OCBC SECURITIES PRIVATE LIMITED 
8 CHUA KENG WOON
9 KANG BENG CHIANG 
10 WONG ANNIE
11 CHNG BENG GUAN 
12 LIM ENG KHENG 
13 OCBC NOMINEES SINGAPORE PRIVATE LIMITED 
14 CHNG BENG HUA 
15 FREDDIE FONG CHEE ENG 
16 SOH CHOON LEONG
17 JENNY KANG 
18 CHNG BENG HOCK
19 YAP HOCK BENG 
20 HONG LEONG FINANCE NOMINEES PTE LTD

Karchong' s top picks to count on are  Wong.

Together with CHNG....use the real estate expertise to PUT THE SKIN IN THE MONEY WHERE THE MOUTH IS. COME ON!!!!

 

Lots of baffling questions on the actions taken by the current board and management:
1. share placement done at a discount,
2.  not engaging/communicating with subtantial shareholder 
3.  hiring of independent director as Company' s lawyer for lawsuit among others

As Vibropower shareholders, we need to unite and get new talent and ideas to revive the fortunes of the Company.

VOTE FOR CHNG and his team!!!

 

Do remember that CHNG will be able to give us the shareholder the NEW VALUE IN THE SKIN..we have to get behind him all the way...CHNG willl save us, we are all UNITE.

hongchangcc      ( Date: 17-Oct-2020 07:51) Posted: Yes bro. It is important to note that CHNG is SKIN IN THE GAME. Do note that CHNG has much to lose if vibropower dun do well. It is time to UNITE as the SKIN and PUT MONEY WHERE MOUTH IS. IT IS TIME FOR US THE SKIN IN THE GAME....cha cham bo

 

Yes bro. It is important to note that CHNG is SKIN IN THE GAME. Do note that CHNG has much to lose if vibropower dun do well. It is time to UNITE as the SKIN and PUT MONEY WHERE MOUTH IS. IT IS TIME FOR US THE SKIN IN THE GAME....cha cham bo

 

Although I don' t hold any vibropower shares,
the Chngs family is good 
I wil support Chng to lead vibropower to greater height 
All the Chngs hold big positions in listed companies like Hong Leong and international cement.
vote for the Chng
 

hongchangcc      ( Date: 16-Oct-2020 17:58) Posted: Yes.....vibropower shareholders...you need to call on CHNG to save vibropower.. It is important to note CHNG have  SKIN IN THE GAME, he put his  money where his mouth is Chng has much to lose if vibropower don' t do well. We are in the first inning now WBdisciple      ( Date: 16-Oct-2020 17:41) Posted: Vibropower shareholders, pls take note of the NOTICE OF EGM, ORDINARY RESOLUTION 9 - Proposed Share Issue Mandate...the current board seems to be having some ideas again of diluting current shareholders... WHY is there a need for such a mandate? Does the Company need more funds?  Hasn' t the current board seen the impact from the most recent placement?  Almost fall off my chair when i review the NOTICE OF EGM

 

OMG....I went to check....some things here are indeed baffling....we the shareholders need to come together and make our voices  HEARD...it has been too long and we are  SKIN IN THE GAME.

WE NEED THE ANSWERS.

hongchangcc      ( Date: 16-Oct-2020 23:41) Posted: OMG.......I agree with you bro......do note that vibropower shareholders we are SKIN IN THE GAME..these warning signals are truly puzzling..WE MUST PUT OUR MONEY WHERE OUR MOUTH IS. WHY  did they not hire someone like Dav Singh? WHY??? WE NEED THE ANSWERS. Do note if vibropower do not do well here, CHNG has MUCH to lose. We need to UNITE to get our SKIN IN THE GAME HERE.

 

OMG.......I agree with you bro......do note that vibropower shareholders we are SKIN IN THE GAME..these warning signals are truly puzzling..WE MUST PUT OUR MONEY WHERE OUR MOUTH IS.

WHY  did they not hire someone like Dav Singh? WHY??? WE NEED THE ANSWERS.

Do note if vibropower do not do well here, CHNG has MUCH to lose. We need to UNITE to get our SKIN IN THE GAME HERE.

 

OMG....Vibropower shareholders take special note of this upcoming pre-trial on 22 Oct 2020 (Vibropower V EAPOWER)  https://www.supremecourt.gov.sg/hearing.

Truly PUZZLING, the lawyer representing  VIBROPOWER PTE LTD is BALASUBRAMANIAM ERNEST YOGARAJAH of  UNILEGAL LLC, who is also the LEAD INDEPENDENT DIRECTOR of Vibropower.

Questions:
1. is  Mr  BALASUBRAMANIAM offering his services for free to Vibropower?
2. Is there no other competent lawyers in Singapore that can represent Vibropower?
3. How does the board/company come to the conclusion of engaging its LEAD independent director as its lawyer? 

It seems that there are more alarm bells ringing day-by-day.

 

Shareholders..CHNG is buying and buying and buying in the skin,  check out the latest announcement. As Babe Ruth once said...Never let the fear of striking out get in your way. 

Do note that we need to unite in the skin.

 

Yes.....vibropower shareholders...you need to call on CHNG to save vibropower..

It is important to note CHNG have  SKIN IN THE GAME, he put his  money where his mouth is

Chng has much to lose if vibropower don' t do well. We are in the first inning now

WBdisciple      ( Date: 16-Oct-2020 17:41) Posted: Vibropower shareholders, pls take note of the NOTICE OF EGM, ORDINARY RESOLUTION 9 - Proposed Share Issue Mandate...the current board seems to be having some ideas again of diluting current shareholders... WHY is there a need for such a mandate? Does the Company need more funds?  Hasn' t the current board seen the impact from the most recent placement?  Almost fall off my chair when i review the NOTICE OF EGM

 

Vibropower shareholders, pls take note of the NOTICE OF EGM, ORDINARY RESOLUTION 9 - Proposed Share Issue Mandate...the current board seems to be having some ideas again of diluting current shareholders...

WHY is there a need for such a mandate?
Does the Company need more funds? 
Hasn' t the current board seen the impact from the most recent placement? 

Almost fall off my chair when i review the NOTICE OF EGM
 

 

one of the expert say index down but chng put his SKIN IN THE GAME and carry us all....2dae index up but vibropower is down..CHNG is SKIN IN THE GAME! It is important to note that as a substantial holder he has MUCH to lose if vibropower don' t do well..we need to put the money where the mouth is for CUSTODY

 

It is now time for all the skin in the game to show up...put the money where the mouth is.......much to lose if dun do well....rally as he is SKIN IN THE GAME..the game is much to lose

 

Like Bro IMMOTION' s post, Vibropower lost 90% in value over the past 3 years

Vibropower Shareholders have been suffering in silence for too long.....
1.  lousy results,
2.  placement to others (recommended by CEO Benedict Chen) at discount when CHNG is buying at higher price
3. Look at SIAS questions to the Board in May 2020 and their responses are " laughable" ...

 

Any reference to a time of day or date in this Circular shall be a reference to Singapore time or date, as the case may be, unless otherwise stated.

Any discrepancies in tables included in this Circular between the sum of the figures stated and the totals thereof shown are due to rounding. Accordingly, figures shown as totals in this Circular may not be an arithmetic aggregation of the figures which precede them.


It is time for CHA CHA CHA...CHA CHING! BATTER UP

 

 

It is TIME........kha-chhng or chhong-kay? It is time...WE ARE SKIN IN THE GAME, WE ARE PUT MONEY WHERE MOUTH IS!

 

" OWNSELF CHECK OWNSELF?
https://links.sgx.com/FileOpen/VCL_Annt_100520.ashx?App=Announcement& FileID=609997
SIAS many questions on Vibropower (for the AGM 2020 in May 2020) have been on the point but see one of Vibropower' s board response below: 

Would the board, especially the independent directors, provide shareholders with more clarity on the following governance issues?

Board response: As expressly stated in the Company&rsquo s Corporate Governance report, the board is aware that the composition of the audit committee (AC) and Remuneration Committee are not in accordance with the Code&rsquo s provisions that the AC should be made up of entirely non-executive directors (page 22). The board&rsquo s opinion is that independence is not compromised as the majority of the AC are independent directors, including the AC chairman. It was stated that no individual is able to dominate the AC&rsquo s decision-making process. Similar reasoning applies to the current RC composition.

(i) With reference to the Annual Report of the Company, the Board is cognizant of the deviations from the CG Code 2018 Notwithstanding the deviations, independence is not compromised as the majority of the members of the AC and RC are independent directors, including the Chairman of both committees. Decisions made at the AC and RC are achieved by majority consensus and thereafter, subject to approval by the Board. Similarly, decisions made at the Board which comprises a majority of independent directors, are also achieved by majority consensus.

In addition, the Nominating Committee (&ldquo NC&rdquo ) reviews and assesses the composition of the Board and in its assessment, the NC considers amongst other things all aspects of diversity in order to arrive at an optimum balanced composition of the Board.

Whilst there are deviations from the CG code 2018, in view of the strong independent element on the Board, the board is satisfied that all decisions have been made properly and independent of any vested interest. Having considered the scope and nature of the operations of the Group, the Board is satisfied that the current composition mix and size of the Board is appropriate as it allows for informed and constructive discussion and effective decision making at meetings of the Board and Board Committees. The Board will however continue to review opportunities to refresh the Board with a view to expanding the skills, experience and diversity of the Board as a whole and to improve its adherence to the principles and provisions as set out in the Code.



 

 

NOTICE OF EGM out on Business Times today....Vibropower  EGM on 9 Nov 9am...

Time for Vibropower shareholders to UNITE to take REAL action!!! otherwise nothing will be done to improve current situtation.

 

After reading all the expert here...I got to say...as long as we have CHNG.....we are SKIN IN THE GAME. we are SHAREHOLDER WITH NEW VALUE