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Old 31-07-2020, 02:10 PM   #3
reddevil0728
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I own SCI shares.

My take; SCI shareholders will vote for the demerger while SMM against.
erm. based on their most recent report, Temasek has around 49% interest in SCI. and SCI has about 60% interest in SMM.

so unless i am missing something, in the case of SCI unless 51% of the other shareholders say no (which I really doubt they are all so together in arms), it will definitely go through.

for SMM, since SCI has interest of almost 61%, it is also given?

unless the interested parties say they will abstain from the vote? or if the voting threshold is set above a simple majority (i didn't read the proposals so maybe they have diff voting threshold for such corporate actions)
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Last edited by reddevil0728; 31-07-2020 at 02:19 PM..
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