Sammy if she do not own majority,the board of director would not give her the title.The title of executives director.U miss some information.Madam Chan had convert 226 million shares.
To understand better CSY modus operandi in VC need to study MMAG. AR 2019 of MMAG listed CSY as 2nd largest shareholder with 100M shares, largest ICPS with 218M & largest warrant holder with 51M.
with short selling now prohibited, they have to convert ICPS in order to get shares to block Dato. Even if they have to lose money to prevent the takeover.
I think Dato is smiling as he does not need to pump money into the company. The company is rich already via conversion of ICPS... and now he is the largest shareholder. If he keeps buying, then he can effectively control VC.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael Kwok
6,454 posts
Posted by Michael Kwok > 2020-04-13 17:21 | Report Abuse
Madam Chan the largest shareholder 47 percent at 14 April.