QUOTE(Lester1987 @ Jul 13 2010, 05:15 PM)
I update my resume to a Singapore address and Singapore phone number. I receive a all from a head hunter almost once a week. dam irritating and i didn't even browse the job site or anything like that.
Isit really that effective?
Were u really in SG that time or in M'sia?
Added on July 14, 2010, 10:36 amQUOTE(alaskanbunny @ Jul 13 2010, 10:18 PM)
got a problem... my company is getting listed and we have a subsidary in a unwanted country... now to disconnect the shareholders to this subsidary they want to use my name as the shareholder... i wonder what kind of liability can be expected?
Depend on which country lar.
But in SG/M'sia, pure shareholder no liability, unless u director/give guarantee/etc/no management responsibility.
shareholder just like investor. whether u 100% or 1% shareholding.
But then i presume it's not in develop country, since u've said unwanted. so got to get expert's opinion.
Added on July 14, 2010, 10:45 amQUOTE(alaskanbunny @ Jul 13 2010, 11:26 PM)
my bosses are directors... now the problem is, if any company is in business with my company and any shareholder or top management has a relationship in that company then we have to declare to sgx...
both of them are usually the ones who are the proxy shareholders for subsidaries... but those other subsidaries are in reputable countries... now the problem arises when one of the upcoming subsidary will be in a us sanctioned country and we dont want people to know that as it might affect the main company... so i might be the goat that they will use as a proxy shareholder... i wonder whether there will be any liability on my part... this subsidary is making lots of profit and it is a limited liability company... so all liability is up to the share/capital only...
how small is the inter transactions?
not big enuf to disclose in the prospectus?
Also " by rite" inter transaction with companies of proxy or nominee shareholding also need to disclose. i.e. u proxy to ur directors. in a way u are abetting with ur directors to avoid disclosure. u can get caught also by SGX, if they can prove it. why the risk?
anyway, if in US sanctioned company better bkful lor.
mana tau if the company got terrorist funding etc, and US CIA will link u to it. (a bit dramatic eg lar, but never know).
at the end of the day, cost benefit analysis, only u know lar.
This post has been edited by Aloong: Jul 14 2010, 10:45 AM