Rex Coup
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Join Date: Sep 1999
Location: Melbourne, Victoria, Australia
Age: 69
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Rex Coup
Any news on the real reasons for Michael Jones' resignation from Rex?
It seems that three Aussie directors have resigned and been replaced by three Singaporean directors.
Can anyone advise on the composition of the board? How many directors are there? As the Singapore consortium own 30% how many seats does that entitle them to?
It will be interesting to see if the new CEO has Singapore origins. It smells of a typical Singaporean backdoor control by stealth attempt.
Rex is an Australian company and should be run by and for Australians.
Any opinions from the coal face?
It seems that three Aussie directors have resigned and been replaced by three Singaporean directors.
Can anyone advise on the composition of the board? How many directors are there? As the Singapore consortium own 30% how many seats does that entitle them to?
It will be interesting to see if the new CEO has Singapore origins. It smells of a typical Singaporean backdoor control by stealth attempt.
Rex is an Australian company and should be run by and for Australians.
Any opinions from the coal face?
Join Date: Nov 2001
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Yes REX is an Aussie company and it would be nice if it were all owned and run by Australians but if the other option is for it to fold and all the employees futures go out the window I think they wouldn't care less who runs it just as long as it stays afloat.
Prong, are you suggesting that they previous directors were in some way forced out so that Singaporeans can 'move in'?
Prong, are you suggesting that they previous directors were in some way forced out so that Singaporeans can 'move in'?
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That is my guess. I can't otherwise imagine why the founder and two other directors would walk at the same time, and then be replaced by three Singaporeans.
Being an unlisted company, information is sparse so I am hoping that someone either familiar with the company structure or the ownership structure could clarify this.
Being an unlisted company, information is sparse so I am hoping that someone either familiar with the company structure or the ownership structure could clarify this.
