Siu, Man Piu 蕭文彪
Recor Losses
Spare a thought for long-suffering shareholders of Recor Holdings. This company is now on its third controlling shareholder in two years, and original investors, who have seen their shares fall 94% since the 1993 IPO, have yet to receive a general offer. Mystery surrounds the ownership of two large blocks of shares, with the latest controller squeezing under the takeover threshold by purchasing 34.9% of the company at a premium. (17-May-1999)
Spare a thought for long-suffering shareholders of Recor Holdings. This company is now on its third controlling shareholder in two years, and original investors, who have seen their shares fall 94% since the 1993 IPO, have yet to receive a general offer. Mystery surrounds the ownership of two large blocks of shares, with the latest controller squeezing under the takeover threshold by purchasing 34.9% of the company at a premium. (17-May-1999)
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