The directors of the company thought the offer was good, so they took it. The little shareholders didn't have a say.
"Primary Gold Ltd (ASX PGO) surged 30% on news of a takeover offer from its largest shareholder Hanking Australia.Hanking is a subsidiary of Hong Kong Stock Exchange-listed China Hanking Holdings Limited (HKSE:03788), has made an all-cash takeover offer of $0.0575 per share.Primary Gold’s independent directors have unanimously recommended that shareholders accept the offer, which represents a 47.3% premium to the last traded share price of $0.039 on 16 February 2018."
lets begin the next chapter, page-41
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $93.91M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.5¢ | $22.92K | 916.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 509401 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1061750 | 2 |
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