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NWT 11.5¢

ExIM vs. LM vs. Newsat

  1. gannp

    2,594 Posts.

    Hot off the press:
    NewSat's Singaporean shareholders consider suing US Ex-Im Bank


    "NewSat's second-largest shareholder, former Deutsche Bank executive, Bryan Yap, claimed Ex-Im's actions were "borderline illegal".
    I'm already exploring my legal recourse," he said. "They may be funded by the US government but they also have fiduciary duties with certain lines they can't cross and I think they've crossed the line.

    It's perverse that their own government is trying to derail this with a silly spat over hypothetical issues."

    "All the major shareholders have already said they'd support a rights issue because they want to demonstrate confidence in the company," he said. "It may or may not be necessary."



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