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Vibropower EGM

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

SpinAround      ( Date: 31-Oct-2020 08:19) Posted: Exactly, need to keep accumulating position to vote for change. This EGM cannot sure have next AGM and more EGM, why stop buying. OHL never give up on calling repeated EGM. Now Chen camp is already buying to keep status quo. Everyday Chen nibbling not Chng buying leh. Where is plan B. Can lose this battle but don' t lose the war hor. This time fire warning shot, the management and board cannot suka suka do what they want now. Must deliver good result, reward shareholders handsomely otherwise vote them out. Still shareholders want Vibropower to revive not going down right?   WBdisciple      ( Date: 31-Oct-2020 07:32) Posted: For CEO Benedict Chen and the current board...we can see the key events that have unfolded... 1. issue share placement at discount and at latest EGM, there is a resolution 9 to request for approval to issue more shares. Haven' t the board saw how share price tanked after the previous share placement? 2. CEO continue to enjoy same salary/benefits while company performance is on the downtrend. (in such hard times, other list cos management team and board are taking paycuts...but CEO Benedict Chen is probably more special..)  3. hire lead independent director to take on lawsuit against others...(if you see the announcement for the latest results, about S$200k has been spent on legal fees)

 

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).

Immotion      ( Date: 13-Nov-2020 10:00) Posted: CEO resigned Not kick out. Nobody can kick him out, EGM over. He is in control. hongchangcc      ( Date: 12-Nov-2020 20:33) Posted: Cessation of Mr Benedict Chen Onn Meng as Executive Chairman of the Company Omg..........CEO BENEDICT CHEN HAS BEEN KICKED OUT OF VIBROPOWER.

 

CEO resigned Not kick out.
Nobody can kick him out, EGM over. He is in control.

hongchangcc      ( Date: 12-Nov-2020 20:33) Posted: Cessation of Mr Benedict Chen Onn Meng as Executive Chairman of the Company Omg..........CEO BENEDICT CHEN HAS BEEN KICKED OUT OF VIBROPOWER.

 

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???

 

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

 

(" Long live the difference, long live Vibropower. With you." )

hongchangcc      ( Date: 12-Nov-2020 20:37) Posted: As Frederick Douglas said, " Power concedes nothing without a demand." Vive La Diffé rence, Vive La Vibropower. hongchangcc      ( Date: 12-Nov-2020 20:33) Posted: Cessation of Mr Benedict Chen Onn Meng as Executive Chairman of the Company Omg..........CEO BENEDICT CHEN HAS BEEN KICKED OUT OF VIBROPOWER.

 

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.

 

As Frederick Douglas said, " Power concedes nothing without a demand."

hongchangcc      ( Date: 12-Nov-2020 20:33) Posted: Cessation of Mr Benedict Chen Onn Meng as Executive Chairman of the Company Omg..........CEO BENEDICT CHEN HAS BEEN KICKED OUT OF VIBROPOWER.

 

Cessation of Mr Benedict Chen Onn Meng as Executive Chairman of the Company

Omg..........CEO BENEDICT CHEN HAS BEEN KICKED OUT OF VIBROPOWER. 

 

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.

SpinAround      ( Date: 12-Nov-2020 13:13) Posted: 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. karito16888      ( Date: 10-Nov-2020 13:17) Posted: 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

 

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.

karito16888      ( Date: 10-Nov-2020 13:17) Posted: 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. SpinAround      ( Date: 10-Nov-2020 10:55) Posted: 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

 

To give up trying to take over vibro

karito16888      ( Date: 11-Nov-2020 23:45) Posted: He lost bro. Wonder what kind of advice his advisors or lawyers (as per public information on BT article) gave him LOL. ghvalentino      ( Date: 11-Nov-2020 21:41) Posted: When Chng start?

 

He lost bro. Wonder what kind of advice his advisors or lawyers (as per public information on BT article) gave him LOL.

ghvalentino      ( Date: 11-Nov-2020 21:41) Posted: When Chng start?

 

When Chng start?

 

Bro, let' s move on.....

karito16888      ( Date: 10-Nov-2020 13:17) Posted: 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. SpinAround      ( Date: 10-Nov-2020 10:55) Posted: 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

 

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.

SpinAround      ( Date: 10-Nov-2020 10:55) Posted: 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

 

This may still be the official thread. Thanx bro. Hong and Joelton for the news. Confirmed!

SpinAround      ( Date: 10-Nov-2020 10:55) Posted: 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

 

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

 

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.