To david395: 可否請教為什麼或者是那方面是誤導?有什麼推論可推翻大股東剝削小投資者的質疑??
"The connected party transactions – A JV set up with HKD300mn: 41% Vinda owned; 39% Chairman and founder of Vinda owned; and 20% private Equity owned (2 funds). The JV is engaged in the production of high to mid end diaper. ... "
"Company forecasts on the JV: "We forecast the JV will lose money in the first 2 years and be in profit in year 3 and we then have the option to buy back the Chairman's 39% at a predetermined price NOT LESS THAN 10X PER...”.
"... This guaranteeing of a multiple to the chairman raises a Corporate Governance Red Flag with us."
2個疑點: 1)既然維達都諗住配股,點解唔配新股比SCA?等上市公司可以增加資本, SCA照樣可以拎到控制股權? 配舊股只益到大股東出貨,對小股東無幫助. 2)SCA有人做董事,應該知道個配股價有折讓,點解又要高價(仲要比historical high 高)去買? 除左拎個控權ge premium外真係諗唔到有咩原因