$Advanced (BLZ.SG)$ 😩❤️‍🩹🈹Beware that 23.2¢/share of capi...

$Advanced (BLZ.SG)$ 😩❤️‍🩹🈹Beware that 23.2¢/share of capital reduction + cash distribution was voted down during the EGM. Dramatically, its substantial shareholder, >40% stake has surprisingly voted against on the resolution of cash distribution of $23.5m from Share capital of $47.4m, though it had been unanimously of the view to be in the best interests of the Company during the Board meeting as revealed by the Chairman. This episode is rather similar to the most recent unscrupulous P&D tactics of its substantial shareholder of Ludashi <3601.HK>, unloading tens of millions at an elevated price immediately after announcing an unusual-fat special dividend but swiftly withdrawal later.