Ann: Merger Update - Scheme Booklet registered with ASIC, page-8

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charlesn

4,092 Posts.

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20/08/18

22:34

Post #: 35049242
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Originally posted by johnwightman ↑

This is an absolute beauty!

If you look on AMAL's books, I own 362081 shares.

Here's the rub. They are in scrip form. They have become lost!

I went to Singapore, to Boardroom Services to enquire after them and was given a convoluted course of action, to follow, which I found unsatisfactory.

AMAL's official story is that they were posted to me and hence are officially missing.

Furthermore, even if I was successful in obtaining them, I cannot sell them or move them on, unless I open a bank account in Singapore, an account in CPB and only then, can I convert them into scripless shares.

Wow.

As a foreigner, I cannot open a bank account in Singapore, unless there is minimum balance of $250 000 AND undergo rigorous financial scrutiny. Apparently Singapore is a haven for money laundering.

So here's my question:

If I just sit back and wait, will the shares fall into my lap, or will they dissolve into the abyss, on the SGX?

Thanks.

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what is this dramatic tale John, ... a hypothetical?

From what I understand, if we, TAW sharehooders, do nothing we get AMAL shares listed on the ASX by default ... so nought to do with Singapore
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Ann: Merger Update - Scheme Booklet registered with ASIC, page-8

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