Yes, will vote NO as well. But it's unlikely we'll win the vote though.
The managenent could have raised equity to avoid this situation, given the finance postion is the pain point being attacked. But no, their target is to transfer the shareholders' interest to GMD. I guess the major shareholders already deployed enough positions in GMD hence they colluded with the board to make this deal - they will take the advantages from the retail shareholders just change the assets from left hand to right. Gwalia is the backbone of SBM. Without this asset there is no more company maker.
I still hold 20% of my original positions, waiting the opportunity to join class action against these bastards. This is blunt treason to the shareholders. Where are the legal hawks?
SBM Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
(20min delay)