Why I Sat With A Listed Company Board of Directors At Their EGM
By Mun Siong Yoong on May 24, 2023, 12:30 PM
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This morning, I sat alongside Green Build Technology Limited’s (SGX: Y06) Board of Directors.
At their Extraordinary General Meeting.
This is an uncommon arrangement for business valuers.
I’ve done this twice in my career.
Once in person. This time online.
The company needed shareholder approval to divest core businesses.
The key challenge is the valuation.
These businesses involve Chinese government infrastructure contracts.
The valuations of these project finance businesses are challenging to unpack and explain.
Failure to do means shareholders may not vote for the deal.
The Board requested I answer any question related to my valuation report.
How did shareholders vote?
Stay tuned for the company announcement.
P.S. No less than 75% of shareholders must vote ‘for’ to approve the deal.
Make Your Move™.
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P.S. Have a merger or acquisition (“M&A”) deal or dispute that’s draining you? Visit www.thevallaris.com.