atans1

Will Lim Tean & Phillip Ang help out fellow cybernut?

In Corporate governance, Temasek on 01/01/2018 at 12:43 pm

Chief TRE cybernut, Oxygen (He made a $10,000 donation to TRE in 2015 and still holds on to his S’pore citizenship thus being unable to take out his CPF monies, showing how much he privately trusts the PAP, despite criticising the PAP publicly), has called for Keppel shareholders to sue, ranting

The $55 million given to corrupt Brazilian officials are money/property belonging to the shareholders of Keppel Corp. The injured party and proper plaintiff is Keppel Corp whose current Board is legally obligated under corporate law to take action to recover the lost property.

If the current Board of Directors failed to take action to recover this loss property rightfully belonging to its shareholders , the shareholders of Keppel Corp – which Temasek Holdings is said to own 20% equity stake – has same unfettered right of action on behalf of itself and all other shareholders via the derivative action of exceptions to the Foss v Harbottle case law application.

The concept of the exception to the corporate case law application of the Foss vs Harbottle rule is illuminated in this wikipedia link.

https://en.wikipedia.org/wiki/Foss_v_Harbottle

It remains to seen if Temasek Holdings will sue the Board of Directors of Keppel Corp if the latter does nothing and pretend nothing happens.

Oxygen

Will Lim Tean and his sidekick, Phillip Ang, open another POSB account and ask retail Keppel shareholders to put $ in so that these fund raisers can buy Ferraris that funds can be raised to sue Keppel?

This is what they did for the CPF law suit:

Lim Tean and I have set up a crowdfunding account @https://www.facebook.com/tean.lim.75. (POSB Savings 198-91842-3) Please keep a record of your transaction as your particulars will be required before the launch of the class-action suit. Unused portion will also be returned, pari passu.

Later after the money poured in (OK or didn’t), Phillip Ang blogged

Once the required resources, not just financially, are in place and before the suit is launched, there will be more updates. Action speaks louder than words.

Phillip Ang

CPF class action: Phillip Ang’s “reply’ to fellow cybernut?

Since then, no picture, no sound like Lim Tean’s other crowdfunding projects Remind Lim Tean, it’s December

Err what if the law suit, Lim Tean’s defamation video and jobs rally never materialise?

Got refund or not?

 

 

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  1. Surely u know the saying: success has many mouths but failure has no tongue

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