The appeal court win in Cambodia over the management fee is a good outcome. As the announcement implies, there is some hope yet for us in the Cambodian legal system re: lease appeal.
Htran crazy theories around the vendor buying DSV is flawed. The vendor has shown his strategy - undermine the business and get the lease cancelled, combined with expensive and distracting legal jabs at the business. The trouble is, he may have hoped the business would be insolvent by now, sadly for him, the FY17 fee wasn't paid. If so, DNA would have be wound up by Megabank by now.
I have voted for the current board because the alternative would be even more value destructive. Even though the Chairman and Exec Director have survived the 'renewal', what other viable choice is there?
Ann: Change in substantial holding, page-53
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