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thank you. With the proposal reduce the value of your shares? I presume that would be the case given the nature of the proposal
because he controls more than 75% of the shares, he is able to pass a special resolution changing the objects of the company and in this narrow sense, he has the powers as a shareholder to make these changes. However, there is a competing fiduciary duty to act in the interests of the company and by extension, the shareholders at large and so on action which favours a majority shareholder at the expense of a minority shareholder (ie. is not in the interests of the shareholders overall) is likely to be contrary to this producer obligation and liable to a challenge by a minority shareholder under a derivative action.
accordingly, in order to avoid a breach of fiduciary duty in this respect, if the majority shareholder wishes to take an action which significantly prejudices you as a minority shareholder, they should consider making an offer to purchase your shares at market value or else, they make themselves potentially liable for loss you suffer as a result of an action they take to your disadvantage in this respect which is an action you could consider bringing in court if necessary
providing there are no restrictions on the shares it is open to you to market the shares for sale, though of course you may need to consider whether you would need to disclose the proposals of the majority shareholder in particular if they have been put formally which may limit the market for the shares.
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