Affin Hwang Investment Bank is tying up with Japan’s Daiwa Securities
Again ECM is falling behind. Management is not doing much except rewarding big fat pay to themselves. Just look at what others in the industry are doing just a few months back:
RHB Asset Management has partnered New York-based investment firm Neuberger Berman
KAF Investment has a new RM100 million KAF Australian Islamic Property Fund
Hong Leong Asset Management has a new fund Hong Leong Regular Income
Gareth Lim Tze Xiang son of Mr Lim Kian Onn (Group MD of ECM Libra) has been nominated as Non-Independent Non-Executive Director of ECM Libra.
So what is Mr Gareth Lim going to contribute to ECM? Is he on a fat director's fee compensation? ECM board and management should be transparent on this.
Activist investors are watching on corporate governance !
Gareth Lim Managing Partner, Tune Labs Gareth has spent 12 years developing corporate strategy and counting sen. He was part of the pioneer team at AirAsia X and Tune Hotels, leading business development and corporate finance initiatives for no pay in a small room with no windows. He is currently CEO of Plato Capital, a Singapore-listed investment vehicle with interests in the hospitality, real-estate and education space. His current office has windows. In 2015 Gareth co-founded Tune Labs with Tony Fernandes, a VC seeking to nurture and integrate start-ups into the Tune Group ecosystem.
there are many major shareholders whose objective is to keep share price constant.... or to be more precise low, just look at sendai for example... and plato capital and ecm libra is one of them, just analysing the turnover you can see the size of business... and i guess its their prerogative, but as a minority shareholder here there is little to gain from
Why does ECM need Mr Gareth Lim Tze Xiang (son of Mr Lim Kian Onn) as Director when it has the father inside the company?
As CEO of Plato Capital, Mr Gareth Lim has made its minority shareholders so much poorer.
Now Mr Gareth Lim gets to draw additional Director fees from ECM. Will Minority shareholders of ECM suffer the same fate as Plato Capital minority shareholders? HIs fees are a financial burden to ECM minority shareholders.
Voted NO for the directors' fees for the next AGM in my sent in proxy. Unless they show some results, shareholders who are attending the AGM, pls vote NO as well. TQ
way overvalued. acquiring mostly loss-making companies, the only profitable one acquire 50% only. other than KLIA and KLIA2, who wants to stay in Tune Hotel nowadays when you have Airbnb and so many other boutique hotels. major shareholder and his Tune Group buddies dumping failed assets (except those in KLIA area) to ECM at good price (plus getting shares at 36c only), but include a special dividend so everyone is happy in the short term
For TP, this is the 1st round and 2nd round would be higher. impulse and retrace from wave 1 to 5 and wave 3 is the strongest. It will putback and continuous for HH. Seat tight with your seat belt on that ride just started.
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....
NorthernStar
236 posts
Posted by NorthernStar > 2016-08-11 15:28 | Report Abuse
Going to be next Blackrock, Aberdeen or Fullerton.