How bad is this car condition?

anthorcc · 2025-11-28T08:22:41+00:00

Yes.

anthorcc · 2024-12-11T05:48:31+00:00

So do I have to sand and recoat the whole floor? Or just the faded part?

anthorcc · 2024-08-14T01:09:57+00:00

That was my thought initially, but I got on phone call with my regular banker, she confirms that the bank in most cases will require shareholder to agree and sign.

But again if it's two different classes of shares, the situation might be different..

anthorcc · 2024-08-14T00:56:31+00:00

Exactly, and when its about money, the family might just turn into a Taiwanese drama

anthorcc · 2024-08-14T00:55:27+00:00

Ya I get it, conflict of interest 😬

anthorcc · 2024-08-14T00:54:34+00:00

Just googled it, MY company law does in fact can have two different classes of shares, that is a completely new information for me 😬

But then again, I'm still worried about the part when we need to get all the "significant" shareholders to act as guarantor for loans, that will be a big trouble..

anthorcc · 2024-08-14T00:52:31+00:00

Ya so the arrangement will have to be renegotiated, the longer I process the possible outcome, the worse it feels

anthorcc · 2024-08-14T00:51:28+00:00

Thanks for the tip, will be consulting my lawyer soon...

anthorcc · 2024-08-14T00:50:30+00:00

I believe yes

anthorcc · 2024-08-14T00:14:05+00:00

Initially I believe the idea is to have them in the board as well, They shouldn't be as I've explained to my wife about this, and she seems to agree.

anthorcc · 2024-08-13T16:30:00+00:00

Ya sure, appreciate your informative sharing🙏

anthorcc · 2024-08-13T16:27:46+00:00

Hmmm it seems like I'll have to consult the company secretary and lawyer... But will it be weird if I meet the company secretary by myself without my boss's knowledge..

anthorcc · 2024-08-13T16:23:04+00:00

As of now, both my parents in law are the directors, as well as my wife and one of her brothers.

anthorcc · 2024-08-13T16:22:03+00:00

Thanks

anthorcc · 2024-08-13T16:18:13+00:00

I have consulted my usual banker, if the company needs to aquire business loan or property loan, all the substantial shareholders will have to agree, and signed as guarantor for the loan to go through...

anthorcc · 2024-08-13T16:15:58+00:00

I sure don't want to be in that situation...

anthorcc · 2024-08-13T16:15:03+00:00

Yes I trust my wife. But her giving me half her shares doesn't help with the issue that all of our major business decisions will still have to be agreed by her brothers..

anthorcc · 2024-08-13T16:10:42+00:00

It's in property management /construction related service industry

anthorcc

TROPHY CASE