having a major shareholder who have 52% of shares is also the customer needs to be considered eg
. its in their interest to keep SP low.
. PEM cannot become a takeover target unless they agree.
. If they get FIRB approval, again they want low SP price
No doubt others can add to this list
And others can put forward a counter argument of why Zhonjin would want SP higher
merger with cbh, page-6
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