Yao Lee Holdings (HK 406), 22-Aug-2016

Disclaimer: These are excerpts from student assignments conducted as part of a Corporate Finance class. The opinions represented do not necessarily agree with mine. I do not vouch for the quality of the recommendations or the accuracy of the numbers. Follow the recommendations on your own risk.

Third set of voting recommendations by @LSEPKUSummerSch #CorpFin #students are for the #AGM of #YaoLee $HK406 on Monday

#students approve of current directors and share issuance proposals for #AGM of #YaoLee #CorpFin $HK406 #AGM

#students think current leverage high, share issuance can reduce potential cost of distress #CorpFin #Leverage $HK406 #YaooLee #AGM

#students point out long tenure of directors – are they still “independent”? #CorpGov $HK406 #YaooLee #AGM #boards

Proposal	Excerpt of Student Recommendations
Proposal	For	Against
(2)To re-elect Directors and to authorise Directors’ remuneration.	The current directors have a lot of expertise and qualifications	Mr Chan is head of compensation committee – does he set his own compensation?
(4)Authorize share issuance	Yao Lee would do well reducing its leverage which is quite high currently	Yao Lee has just made a number of expensive investments and should implement these first before raising more money for investment Given recent underperformance of the stock the time does not seem opportune for raising equity

Results:

http://www.publicnow.com/view/8A38F087643A967AD9E0E072154C5CC65C0ACFCD

Dr. Moqi Groen-Xu
Senior Lecturer-Queen Mary University of London, School of Economics and Finance