QUOTE(seantang @ Jul 13 2010, 10:32 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...
Jul 13 2010, 11:26 PM

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