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Rotary Engg

Rotary

Will vote NO! Oil price is recovering, the outlook is good. Don't sell out cheap to these opportunists.

A Big Fat NO

Agree. Offer Price too low

subaru ( Date: 27-Dec-2017 11:29) Posted:

The EGM letter was dispatched on 26 Dec 2017, should reach us these 2 days.
I am going to send in the proxy form to vote " no" .

Hi Steve,

EGM date not announced yet. Rotary just appointed Deloitte to issue an IFA on the offer so once the IFA letter is out they will announce the EGM date

stevesoh ( Date: 06-Oct-2017 21:18) Posted:

btw when is the EGM. My average price for Rotary is at 0.90
0.46 is too far off and I would rather continue taking dividend which is average 5% PA as the stock cant drop much farther.

Ok taking a step back to assess the situation.

Personally I feel that Rotary has very good potential as a valuable company and am impressed on how far it has come since it started. Kudos to the founders. They have worked hard and in my opinion have steered the company well even in the midst of the energy downturn.

Its just disappointing that before the value of the company can be realised, we are facing the delisting of the company. Hoping that we can get a fairer value for our shares.

So what is a fair value? All depends on your perspective.

As a buyer I would also want to buy low, and as a seller i want to sell high.

My strategy now is to do the following:

1) Submit my vote for the EGM on the delisting resolution

2) Wait for the result of the delisting resolution:

a) If delisting resolution is rejected, Rotary remains listed and offer lapses, so no action required to accept or reject offer

b) If delisting resolution is accepted, then I would accept the offer @ S$0.46 cents. As regardless of the acceptance level of the offer, the company will still be delisted. And I dont want to hold shares in a private company where I dont know when I can exit my investment

Hopefully this is helpful.

not bad

I Guess it differs..

Unlikely you&rsquo ll have any voting rights.

Similarly those who bought using CPF investment acct, no voting rights.

xuanzzzzz ( Date: 03-Oct-2017 15:44) Posted:

Any idea if those who bought using custodian account, such as SCB, will get the mail?

Hi,

Good to check with your custodian bank and inform them to vote against the delisting resolution on your behalf.

xuanzzzzz ( Date: 03-Oct-2017 15:44) Posted:

Any idea if those who bought using custodian account, such as SCB, will get the mail?

Anyone who is against the delisting at such a paltry low price, and is a member of other share forums eg Shareinvestor, please share likewise. Thanks.

weiyitan84 ( Date: 03-Oct-2017 13:56) Posted:

Wait for the notification of EGM to be mailed to you. Should be in your letterbox by this week. Inside the document pack there will be a proxy form for you to appoint your proxy and indicate your vote for/against the delisting resolution.

You can either attend the EGM or appoint a proxy to attend on your behalf. If you dont have a proxy you can fill in the Chairman of the meeting/board to represent you at the EGM and as long as you select the vote for / against option, the proxy will vote according to your selection.

So if you are not attending the EGM, it is absolutely necessary to fill up the proxy form with your vote against the delisting resolution and mail the form back to the share registrar before indicated date so your vote will be counted

May I know can vote by mail har, how?

ahberngh ( Date: 03-Oct-2017 13:18) Posted:

If you do not block the resolution by having more than 10% votes against in the EGM, the delisting will still occur even

if they get less than 90% vote against them in the later vote by mail.

Goldfinger ( Date: 03-Oct-2017 12:58) Posted:

This shall be the first time I shall vote to block at the EOGM instead of rejecting the offer only.

If you do not block the resolution by having more than 10% votes against in the EGM, the delisting will still occur even

if they get less than 90% vote against them in the later vote by mail.

Goldfinger ( Date: 03-Oct-2017 12:58) Posted:

This shall be the first time I shall vote to block at the EOGM instead of rejecting the offer only.

Shame on the Chia for doing this to their loyal minorities who have stuck with them through the bad times!

This shall be the first time I shall vote to block at the EOGM instead of rejecting the offer only.

But Aztech was a example 81% can delisted already ? Sgx said can we minority holder cannot said no hor...but don't how Aztech can convinced Sgx to say yes ?

weiyitan84 ( Date: 03-Oct-2017 11:37) Posted:

I think we as the minority shareholders should band together to push back against such blatant low balling by the majority shareholders.

With the internet, we have the opportunity to aggregate the minority shareholders' power to make our voices known and not let us be bullied by the big players.

As they say when many tiny sticks band together, we can be a big stick to fight back. Lets not allow ourselves to be taken advantage of just because we are the minority shareholders. 团结是力量！

I have spoken to a number of fund/people who are existing shareholders of Rotary whose aggregate shareholding should be able to meet the 10% threshold.

I dont think the 10% is a very high bar to meet

ahberngh ( Date: 03-Oct-2017 11:32) Posted:

Goldfinger

So do I. This kind of predatory screwing of minority shareholders has been happening too often.

The important thing to do now if one wants to defeat the delisting is to make sure to have 10% of the total shares voting against the resolution

during the EGM. For minorities who cannot attend the EGM make sure you use the proxy form to appoint a proxy (can be any one of the directors)

to register your opposing vote

Agreed! I will not accept the offer!

I think we as the minority shareholders should band together to push back against such blatant low balling by the majority shareholders.

With the internet, we have the opportunity to aggregate the minority shareholders' power to make our voices known and not let us be bullied by the big players.

As they say when many tiny sticks band together, we can be a big stick to fight back. Lets not allow ourselves to be taken advantage of just because we are the minority shareholders. 团结是力量！

I have spoken to a number of fund/people who are existing shareholders of Rotary whose aggregate shareholding should be able to meet the 10% threshold.

I dont think the 10% is a very high bar to meet

ahberngh ( Date: 03-Oct-2017 11:32) Posted:

Goldfinger

So do I. This kind of predatory screwing of minority shareholders has been happening too often.

The important thing to do now if one wants to defeat the delisting is to make sure to have 10% of the total shares voting against the resolution

during the EGM. For minorities who cannot attend the EGM make sure you use the proxy form to appoint a proxy (can be any one of the directors)

to register your opposing vote.

Goldfinger ( Date: 03-Oct-2017 11:25) Posted:

I detest predatory attempts by majority shareholders to low-ball minorities who have held firm and kept faith and were faithful to the company, despite the tough times of the O& G downturn. I shall FLATLY REJECT THE OFFER and VOTE AGAINST THE RESOLUTION

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