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Wonder why they requesr trading halt just to announce a non event like outcome of AGM which is not market moving news.
SGX-ST Release
30
th April 2010RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 30 APRIL 2010
(“AGM”) OF GLOBAL INVESTMENTS LIMITED (THE “COMPANY”).
Pursuant to Rule 704(14) of the SGX-ST Listing Manual, the Company wishes to
announce that at the AGM, except for the proposed Resolution 3, all the other
proposed Resolutions as set out in the Notice of AGM dated 8 April 2010, and put to
the meeting, were duly passed.
Resolution 3 relates to the re-election of Nicholas James Douglas Campbell (“Mr
Campbell”). As announced during the AGM, Mr Campbell has notified the Board of
Directors of the Company (the “Board”) on 29 April 2010 of his decision to retire from
his directorship and not to seek re-election which resulted in the withdrawal of the
proposed Resolution 3 during the AGM.
The following announcements were further made during the AGM:
1) The receipt by the Board on 29 April 2010 of the letter of resignation of
Tara Railton as an Independent Director of the Company;
2) The appointment of Ronald Seah Lim Siang and Tan Kok Wee as
Independent Directors of the Company; and
3) The appointment of Goh Mui Hong as a Manager Nominated Director.
The retirements, resignation and appointments have taken effect immediately upon
the conclusion of the AGM. The Board of Directors now comprises the following
members:
1) Boon Swan Foo, Chairman and Manager Nominated Director;
2) Adrian Chan Pengee, Independent Director;
3) Ronald Seah Lim Siang, Independent Director;
4) Tan Kok Wee, Independent Director;
5) Goh Mui Hong, Manager Nominated Director.
The Board wishes to thank Ms Tara Railton, Mr Campbell, Mr Sanjiv Misra and Mr
Joel Peter Schaefer for their respective contribution over the years and wishes them
well in their future endeavours.
By order of the Board of Directors
Date: 30 April 2010
Ends
Further Information:
Goh Mui Hong
President & CEO
ST Asset Management Ltd
gohmh@stassetmgt.com
+65 6828 8189
About Global Investments Limited
(
Global Investments Limited (“GIL”) is a mutual fund company incorporated in
Bermuda that provides investors access to a diversified portfolio of assets and
economic exposures across three target sectors: operating lease assets, loan
portfolio and securitisation assets, and alternative assets. GIL is managed by ST
Asset Management Ltd.
TRADING HALT...
Net Asset Value of S$0.30 per Share as at 31 December 2009 versus S$0.40 per share as at 31 Dec 2008
Any takers?
Salute ( Date: 25-Nov-2009 18:03) Posted:
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By Goh Eng Yeow
FOR a change, small investors had the upper hand, as they voted overwhelmingly to appoint ST Asset Management to manage the business of listed investment firm, Global Investments.
In doing so, they faced down stiff opposition from an Australian fund manager, Pengana, which had wanted the job itself and claimed to have the backing of shareholders with 22 per cent of Global Investments shares.
ST Asset Management's president, Ms Goh Mui Hong, said she would start work immediately to review Global Investments' investment portfolio. ST Asset Management is 100 per cent owned by Temasek Holdings.