Tuesday 18 October 2016

Reach Energy, Tee Lin Say's Goose Is Cooked

And ready to be served. Before The Star's CEO Wong Chun Wai lectures Malaysia on mob rule, red shirts and hooligans, he should look closely at what's happening in the publication's business desk.
One would have thought, after reading Tee Lin Say's article on Reach Energy Bhd, that sparks were going to fly on the November 4th EGM.
Today's shareholder filings to Bursa Malaysia, reveals that four yield investors in Reach Energy, namely PAG and CREDIT SUISSE now own 26 per cent of shareholder rights that are eligible to vote at the EGM.
A 25 per cent VOTE is ENOUGH to Kill the management's proposal.
Looks like the GOOSE has been cooked, and served to the STAR's readership.
I won't say a WORD on credibility and accountability, because that is the job of Wong Chun Wai, the  CEO of this once great newspaper to ADDRESS