“Strange is the night where black stars rise, And twin moons circle in the skies, But the stranger still is Lost Carcosa. Song of my soul, my voice is dead; Die thou, unsung, as tears unshed shall dry and die in Lost Carcosa.”
Siang tadi, saya berkesempatan menghadiri satu seminar di Carcosa Seri Negara on Joint Ventures, Merger & Acquisition and Privatisation. Mari kita berkongsi sedikit ilmu , just some basic corporate knowledge yang saya timba di seminar satu hari itu ok? :)
(i) tag - along clause or piggyback rights
Should the majority shareholders of a company decide to sell their shares, this provision will enable the minority shareholders of such company to sell their shares to the same purchaser on the similar terms and conditions. Simply put, the minority shareholders will have the right to tag along with such sale of shares by the majority shareholders.
(ii) drag-along clause
Well, basically it is a reverse of the tag-along clause. Heh. This drag-along clause, will allow the majority shareholders to call for all shareholders including the minority shareholders to take part in a sale of all the shares to a third party purchaser, on the same terms and conditions negotiated between the majority shareholders and the purchaser.
(iii) golden share
A golden share is usually held by a government organization, in a government company which is undergoing the privatization process. More often than not, the golden share is intended , among others, to give the government veto powers over any major corporate action.
Konsep yang mudah untuk difahamikan? :) Oh, you may also wish to find out the reason behind the choice of name - 'Carcosa', as explained by Sir Frank Swettenham, to the Editor of “British Malaya”, here. Interesting indeed.
(i) tag - along clause or piggyback rights
Should the majority shareholders of a company decide to sell their shares, this provision will enable the minority shareholders of such company to sell their shares to the same purchaser on the similar terms and conditions. Simply put, the minority shareholders will have the right to tag along with such sale of shares by the majority shareholders.
(ii) drag-along clause
Well, basically it is a reverse of the tag-along clause. Heh. This drag-along clause, will allow the majority shareholders to call for all shareholders including the minority shareholders to take part in a sale of all the shares to a third party purchaser, on the same terms and conditions negotiated between the majority shareholders and the purchaser.
(iii) golden share
A golden share is usually held by a government organization, in a government company which is undergoing the privatization process. More often than not, the golden share is intended , among others, to give the government veto powers over any major corporate action.
Konsep yang mudah untuk difahamikan? :) Oh, you may also wish to find out the reason behind the choice of name - 'Carcosa', as explained by Sir Frank Swettenham, to the Editor of “British Malaya”, here. Interesting indeed.
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