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m afraid the past era has long gone....what say u of the stepping down of HSK and TCH? They are also bright or if not as brighter as Philip.
Times have changed, generations have changed.
finjungle ( Date: 24-Apr-2025 10:58) Posted:
Mr Philip Yeo is a man with real principle. Indeed a good man who spoke his mind loud and clear. He is not afraid or bothered with offending anyone and in this particular case the Chair who voted to reelect the directors.
Would he stay on as the lone woolf?
We need more IDs with principles and possess the intellect to discern what is proper.
Kudo to Mr Philip Yeo
moonsun ( Date: 24-Apr-2025 09:23) Posted:
After an explosive saga revealed internal rifts between two factions in the City Developments Limited (CDL) boardroom earlier this year, the developer's 62nd annual general meeting (AGM) on April 23 was meant to assuage shareholders, who had seen the value of their holdings plummet to a 16-year low in March.
Instead, non-executive director Philip Yeo spoke out against three existing directors - lead independent director Philip Lee, independent non-executive director Daniel Desbaillets and independent non-executive director Wong Ai Ai - for "pushing the agenda" to appoint Wong Su Yen and Jennifer Duong Young as independent non-executive directors without the board's unanimous approval.
Yeo, a former civil servant who had served as chairman of the Economic Development Board, lashed out at his fellow directors in front of some 450 attendees of the hybrid AGM, claiming they had bypassed CDL chairman Kwek Leng Beng.
"It must be unanimous it must be [a] consensus. It should not be... disregarding the chairman," said Yeo, who was appointed in May 2009. "There's no company I have been involved [in], overseas and locally, where directors can overthrow... in a coup against [the] chairman. All directors are appointed unanimously. It should not be a small group pushing for this."
Continue reading: https://www.theedgesingapore.com/ne...-board-shareholders-cross-examine-family-feud |
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insufficent to make up for the 2b sincere loss....:(
buayjinchu ( Date: 24-Apr-2025 09:50) Posted:
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please lah....3G should move aside liao...look at the retiring polticians....it' s 4G now...eh wait..my phone shows 5G....hmm..
different times and situations calls for different approaches..
moonsun ( Date: 24-Apr-2025 09:23) Posted:
After an explosive saga revealed internal rifts between two factions in the City Developments Limited (CDL) boardroom earlier this year, the developer's 62nd annual general meeting (AGM) on April 23 was meant to assuage shareholders, who had seen the value of their holdings plummet to a 16-year low in March.
Instead, non-executive director Philip Yeo spoke out against three existing directors - lead independent director Philip Lee, independent non-executive director Daniel Desbaillets and independent non-executive director Wong Ai Ai - for "pushing the agenda" to appoint Wong Su Yen and Jennifer Duong Young as independent non-executive directors without the board's unanimous approval.
Yeo, a former civil servant who had served as chairman of the Economic Development Board, lashed out at his fellow directors in front of some 450 attendees of the hybrid AGM, claiming they had bypassed CDL chairman Kwek Leng Beng.
"It must be unanimous it must be [a] consensus. It should not be... disregarding the chairman," said Yeo, who was appointed in May 2009. "There's no company I have been involved [in], overseas and locally, where directors can overthrow... in a coup against [the] chairman. All directors are appointed unanimously. It should not be a small group pushing for this."
Continue reading: https://www.theedgesingapore.com/ne...-board-shareholders-cross-examine-family-feud |
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obvious there are different parties, each having different ideas on how to bring the company forward...else ownself check ownself....
Godwinlow ( Date: 23-Apr-2025 23:33) Posted:
Board members not in agreeable terms. CEO and chairman also not happy with each other. How is this company going to move forward in sync 🤔
n3wbie ( Date: 23-Apr-2025 22:15) Posted:
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family squabbles too common....amongst rich families...nothing new....
now, where' s Dr Wu...Who?
Godwinlow ( Date: 23-Apr-2025 23:33) Posted:
Board members not in agreeable terms. CEO and chairman also not happy with each other. How is this company going to move forward in sync 🤔
n3wbie ( Date: 23-Apr-2025 22:15) Posted:
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waiting 2 rocket..
HuatAh7898 ( Date: 20-Apr-2025 19:13) Posted:
| 1Q results to announce after trading hours on 29/4 |
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ding ding...round 1....
HuatAh7898 ( Date: 20-Apr-2025 12:43) Posted:
| Will not have many friendly shareholders in this AGM for sure... |
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mai ruanlai..
ruanlai ( Date: 13-Apr-2025 16:48) Posted:
Tariff imposed, drop $1.70.
Now tariff exemption, shoot up $2 on Monday
dyodd |
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$7 soon
Joelton ( Date: 15-Apr-2025 11:21) Posted:
Wilmar maintains innocence after Indonesian judges who acquitted it are arrested on corruption charges
A court last month has acquitted Wilmar Group, Musim Mas Group and Permata Hijau Group of charges of misconduct in obtaining export permits in 2022
[SINGAPORE] Wilmar International maintained its innocence after four judges who cleared it &ndash as well as two other palm oil companies &ndash in a corruption case related to obtaining export permits, were reportedly arrested.
&ldquo We believe we are not guilty of the charges as our actions during that period to increase the supply of palm oil to the market, despite the additional cost incurred, was intended to help the government improve domestic supplies and reduce prices,&rdquo said Wilmar in a statement released after market closed on Monday (Apr 14).
A court last month acquitted the three companies &ndash Wilmar Group, Musim Mas Group and North Sumatra-based Permata Hijau Group &ndash of charges of misconduct in obtaining export permits in 2022.
A Reuters&rsquo report on Monday said that three judges who made the ruling were arrested on Sunday night, following the arrest of a local court&rsquo s chief judge on bribery charges in the same matter.
&ldquo To the best of our knowledge, investigations so far have not involved the Wilmar group or any of its employees, but we will assist in any investigation if we are called upon... We wish to reiterate that the Wilmar group has zero tolerance for corrupt practices,&rdquo said Wilmar.
The Attorney General&rsquo s Office (AGO) of Indonesia said on Saturday that prosecutors had arrested a chief judge of South Jakarta district court, who was allegedly paid 60 billion rupiah (S$4.7 million) to arrange for a favourable verdict by two lawyers for the companies. Some US$1.07 million was then allegedly paid to the three other judges.
&ldquo The bribe was given so that the judges would rule that it&rsquo s not a crime,&rdquo the authority noted. A court employee and two lawyers were also arrested at the same time.
The AGO said that it raided five locations in Jakarta last Friday and confiscated money in renminbi, Singapore dollars, US dollars, rupiah and ringgit, as well as Mercedes Benz and Ferrari cars, among other evidence.
The 2022 case revolved around the approval of export permits that did not meet requirements, and a failure to meet obligations at the time for domestic palm oil distribution.
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nearly penny stock...maybe PM should bring forward his ND speech for 2026 and quote AEM again to give it a much needed boost?
Sgvale ( Date: 09-Apr-2025 16:46) Posted:
| Holding very well. Probably dropped too much already |
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it s swinging, cant u tel? it/s singtel
luke2021 ( Date: 10-Apr-2025 11:13) Posted:
This morning the swing is rather wild. From highest 3.64 down to lowest 3.37.
Looks promising. |
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no comments....
huattuatua ( Date: 10-Apr-2025 11:06) Posted:
sgx will never ever kill a goose which lays the golden eggs
n not forgetting their most lucrative business is to lend out the scripts for bbs to short the mkt, esp dbs,
MrBear12 ( Date: 10-Apr-2025 10:58) Posted:
| Agree. We are gamblers by nature. And SGX and brokers encourage i |
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14 m and buy back only 2m....means they expect further downfall
elisa28 ( Date: 09-Apr-2025 11:52) Posted:
Venture share buyback on 8 April 2025
01:34 AM EDT, 04/08/2025 (MT Newswires) -- Venture Corp. (SGX:V03) bought back 50,000 shares in the open market on Monday for SG$544,807 or SG$10.88 apiece, according to a same-day filing with the Singapore Exchange.
The company has been authorized to buy back around 14.5 million shares under its current mandate. To date, it has bought back around 2.5 million shares.
Sgvale ( Date: 09-Apr-2025 10:17) Posted:
| Watch only ma. But didn't expect such great fall la. No buy back |
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they are all fed up
Barcalo ( Date: 09-Apr-2025 09:06) Posted:
When will be the fed meeting?
halleluyah ( Date: 09-Apr-2025 09:00) Posted:
| bot some fr tis coming fed meeting to cut rate .... |
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ouch
Sgvale ( Date: 08-Apr-2025 15:33) Posted:
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and they say it has sound fundamentals
what BS - funamentally flawed to say that
Sgvale ( Date: 07-Apr-2025 20:33) Posted:
| 11 series is fast vaporise in a day. Past 8 years gain erased. |
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venture is one of the local companies that can' t really make it....
change of management and direction is necessary
n3wbie ( Date: 04-Apr-2025 01:09) Posted:
| Any followers for this stock? Once a market darling but has gone down quietly... |
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Companies embark on SBB for various reasons. One explanation is that management feel that their shares are grossly undervalued. In this case however, I think they may be trying to provide critical and crucial support, else their share price may tank or head even lower...
Joelton ( Date: 31-Mar-2025 23:47) Posted:
Venture Corporation
Venture Corporation bought back 203,000 shares at an average price of S$12.51. With the release of its FY2024 results on Feb 21, the company Corporation announced it would accelerate its share buyback plan.
The group noted it purchased 1.7 million shares under the share buyback plan announced in November 2023, which authorises the purchase of up to 10 million shares of the company. For the remaining 8.3 million shares, the board has approved the acceleration of the share buyback plan. Since Feb 21, Venture Corporation has bought back 700,000 shares.
For FY2024, Venture Corporation generated an operating cash flow of S$300.1 million before working capital changes. The group continues to optimise its working capital position, achieving lower inventory balances and improved receivables and payables. The group also achieved a strong net cash flow from operations of S$482.5 million for FY2024. As at Dec 31, 2024, its balance sheet remained robust with zero debt.
Director transactions
About 30 director interests and substantial shareholdings were filed for 18 primary-listed stocks during the five trading sessions. Directors or chief executive officers filed four acquisitions and no disposals, while substantial shareholders filed one acquisition and five disposals. This included director or CEO acquisitions in ABR Holdings : 533 0%, Accrelist : QZG 0%, Centurion Corporation : OU8 +5.93%, ISOTeam : 5WF +1.32%, Megachem : 5DS 0% and Union Steel Holdings : ZB9 0%.
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as long as not the 7-yr itch..ouch
seanpent ( Date: 25-Mar-2025 13:42) Posted:
Ok. So it' s 5-dee, then 6-si 🤣
tongphlp ( Date: 25-Mar-2025 13:15) Posted:
| it' s beginning to feel quite 6-si.. |
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yes, can make more $$ brewing beer instead
antifragile ( Date: 25-Mar-2025 17:09) Posted:
Brewing.....
tongphlp ( Date: 25-Mar-2025 16:33) Posted:
yup. this is not only a hopeless stock, but super hopeless
vote the board out |
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