or perhaps a pre-emptive takeover defense to let suitors know they are ahead of it. But really, is that needed? Doubt it.
I expect Shenghe has mentioned it and they are working towards a takeover. The refreshed board are opportunist and would see it as a lucrative exit.
Long term shareholders inevitable impacted but as long as the valuation is closer to 1b, then i say go ahead.
Opportunist would also want the quickest , fair, exit ... I doubt they see that anywhere near sub 500m
Ann: Macquarie Capital Appointed Strategic and Financial Adviser, page-9
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Mkt cap ! $59.94M | |||
| Open | High | Low | Value | Volume |
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