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Old 01-08-2020, 12:21 AM   #5
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Join Date: Dec 2005
Posts: 35,879
There was an article on Business Times (please google) where it was stating that SCI and its directors who hold SMM shares will refrain from voting. It becomes the minority shareholders (of SMM) decision if they want the demerger to takes place. The problems for these minority shareholders is that if demerger is going ahead, rights issue follows and it would means they will need to come out with cash if they are buying into the issue. That is my understanding from reading the article. I hope I am wrong.

[edit] Found the article
ah got it....
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