Prudential yesterday defended its strategy and management as it launched its ambitious $21bn rights issue to fund the proposed $35.5bn takeover of AIA, the Asian businesses of AIG.
Harvey McGrath, Pru chairman, said that the shareholder poll on the rights issue would not be a vote of confidence in the UK life assurer's executive team or its chief executive, Tidjane Thiam.
保诚董事长韩伟民(Harvey McGrath)表示，股东对配股发行的投票，将不会是针对该公司高管团队或首席执行官迪德简·蒂亚姆(Tidjane Thiam)的信心票。
The Pru has endured a rocky ride with investors since announcing the takeover at the start of March amid criticism of the size of the deal and its handling of it. Some investors and analysts have come to see Mr Thiam's and even Mr McGrath's jobs as riding on the outcome of the deal.
But, one top 10 investor said: “I disagree with the chairman's comment that a vote against the deal, would not be a vote against management. It clearly would be. It was a misguided comment. If the Pru loses the vote, the management's position would be untenable.”
Mr Thiam finally launched the delayed $21bn rights issue yesterday and told investors that AIA would be worth more than $60bn in three years' time.
The company, which was forced to delay the launch 10 days ago after the UK regulator failed to give it approval, is selling new shares to investors at a deep discount to its current price, which is likely to make it more attractive for investors to sell on their rights if they do not want to take them up.
There was also some news on disposals. The Indian business of AIA will be sold to its joint venture partner Tata on completion in a pre-arranged sale, while in Malaysia the Pru will bring in a minority stake holder. In China, the Pru will sell half of AIA's unique 100 per cent-owned licence, but the legal structure of the group means that this will take some time, Mr Thiam said.
China has started paying attention to the strategic implications of the melting of Arctic ice and could seek a more active role in regulating use of the region, a new report said y
作文历来是很多考生的pain in the neck。一方面是雅思考题的话题一般都离考生的生活较远（比如讨论外来食品对于一个社会的影响），或者是抽象的话题（比如讨论未来和现在对于个人和社会的意义）