Marco Mak Chi-Sinis a Hong Kong film editor, director, production manager, actor, screenwriter, film producer, music composer and assistant director... (wikipedia)
The reporting season is in full swing now, and the market's direction will hinge on blue chips' results.
The big loss at the last day of trading in 2005 was a bit unjustified. The selling was a bit overdone, so today most of the gains were due to bargain-hunting.
I believe it is reasonable for them (shareholders) to reject the proposal because no investor would want the parent competing with the listed unit for any upstream asset acquisition.
The Japanese market is closed today, so there are few reasons to prompt investors to either sell or buy. Besides some investors are still in a holiday mood.