Why the hurry to sell GBH's crown jewels?

THEY were shareholders on steroids. The minority shareholders who attended the Goh Ban Huat Bhd (GBH) EGM last week exercised a disproportionate amount of power. The shares they owned were less than a fifth of the paid-up capital of the ceramic building materials producer, and yet, their actions at the EGM may have drastically altered GBH’s direction.

First, they decided that the meeting should go ahead and consider a resolution on a transaction that ought to have been at least put on hold.