Our Owners and full control!!!!!!!!!!

Just a question

Is there anything stopping the malaysians taking full control?????Is it because they dont want to yet? or the others blocking that move?or would the others gladly step aside for them to take full control?

Dont slate me i just cant remember what the current situation is regarding shares etc etc

Just a question

Is there anything stopping the malaysians taking full control?????Is it because they dont want to yet? or the others blocking that move?or would the others gladly step aside for them to take full control?

Dont slate me i just cant remember what the current situation is regarding shares etc etc

No one is blocking them, if they take full control, they will then be totally liable for the main and big debts.

Just a question

Is there anything stopping the malaysians taking full control?????Is it because they dont want to yet? or the others blocking that move?or would the others gladly step aside for them to take full control?

Dont slate me i just cant remember what the current situation is regarding shares etc etc

No one is blocking them, if they take full control, they will then be totally liable for the main and big debts.

Cheers Thread over!!!!!!!!!!!!

Just a question

Is there anything stopping the malaysians taking full control?????Is it because they dont want to yet? or the others blocking that move?or would the others gladly step aside for them to take full control?

Dont slate me i just cant remember what the current situation is regarding shares etc etc

There was an agreement reached in May 2010 for a gradual takeover by TG/VT which was scheduled to be completed by mid-2013. As far as I know the agreement is based on paying off historical debt throughout that 3 year period and slowly buying up the shares of other investors like PMG/Isaacs/Borley/Abraham .

However, if TG/VT wanted to bring their plans forward (due to promotion to the BPL or the granting of Tan's betting licence for example) then I'm sure there wouldn't be too much opposition from other shareholders.

If you have over a certain percent dont you have to offer to buy all remaining shares?

If you have over a certain percent dont you have to offer to buy all remaining shares?

Yes I think there is a certain % where you have to make an 'offer' to buy the other shares in a company, but the share owners can refuse to sell (I have 29.9% in my head for some reason). I know if you aquire 85% of the shares to can compel other shareholders to sell.

Having said all of that I think that rule applies to Publically Listed Companies but not privately owned companies like CCFC. I'm not certain of that and I am happy to be corrected if wrong.

Its not 29% Ithought it is 50% also if anyone owns 50% they must offer to buy all the other shares, not sure that the other shareholders can refuse

In a private company there is no requirement to make an offer for the other shares even if you have more than 50%. Likewise there is no way smaller shareholders can be forced to sell their shares if they don't want to. Stock Exchange listed companies are different - someone owning 30% (from memory) must then make an offer to buy out all the other shareholders and if they get 90% the remaining 10% can be forced to sell.

I have been informed that Sam/Langston is unlikely to get anything from the other board directors.
Pushing for repayment of an unsecured debt, given the circumstances in which the funding was put in place, is difficult, but naturally the majority here will disagree with me!

In a private company there is no requirement to make an offer for the other shares even if you have more than 50%. Likewise there is no way smaller shareholders can be forced to sell their shares if they don't want to. Stock Exchange listed companies are different - someone owning 30% (from memory) must then make an offer to buy out all the other shareholders and if they get 90% the remaining 10% can be forced to sell.

There is if it happens to be in the private companies constitution.

I have been informed that Sam/Langston is unlikely to get anything from the other board directors.
Pushing for repayment of an unsecured debt, given the circumstances in which the funding was put in place, is difficult, but naturally the majority here will disagree with me!

Rightly Wrongly or whatever my gut feeling is he will get nothing or a minimal amount.
No reason, just my gut feeling.

If you have over a certain percent dont you have to offer to buy all remaining shares?

Yes I think there is a certain % where you have to make an 'offer' to buy the other shares in a company, but the share owners can refuse to sell (I have 29.9% in my head for some reason). I know if you aquire 85% of the shares to can compel other shareholders to sell.

Having said all of that I think that rule applies to Publically Listed Companies but not privately owned companies like CCFC. I'm not certain of that and I am happy to be corrected if wrong.

tony
you are right about the percentage within a limited company because just recently stan kronke did this self same thing at arsenal.

[quote="nerd
There is if it happens to be in the private companies constitution.[/quote]

Agree with that.

Just a question

Is there anything stopping the malaysians taking full control?????Is it because they dont want to yet? or the others blocking that move?or would the others gladly step aside for them to take full control?

Dont slate me i just cant remember what the current situation is regarding shares etc etc

No one is blocking them, if they take full control, they will then be totally liable for the main and big debts.

Whats happening on the Hamman i mean Langstone debt - its been very quiet ???