ANS 03: Organizations open up to the world so as to raise assets from the market yet a

posting likewise requires an organization to consistently meet its administrative commitments. C

K Tang's third privatization endeavor was Voluntary Delisting. Under this procedure, the
delisting is endorsed by more than 75 percent of investors present and casting a ballot with not
more than 10 percent of such investors protesting. After the endorsement of delisting a leave
offer is made to the investors which should regularly be money or money elective. On the off
chance that the delisting is endorsed, the organization will be delisted whether investors decide
to acknowledge the leave offer. A willful delisting is commonly the course taken by existing
significant investors trying to privatize an organization. The top managerial staff of a delisting
organization is required to consider the enthusiasm of all investors as entire and must guarantee
that the leave elective is sensible proposition when making its suggestion for a delisting.

For Tang's situation, third privatization was led by Ernest Seow, previous PWC accomplice.
There 3 different chiefs with money and bookkeeping information filling in as non-official free
executives. PWC go about as their autonomous budgetary consultant. Minority investors were
not content with share value which they were given. They contended that leader store was
underestimated in light of the fact that they had not considered redevelopment potential. The
board CEO differ the realities as immaterial. The board held its proposal that property was
esteemed by PWC autonomous budgetary counselor.