I fully expect that Wah Nam will continue to extend its takeover offer on a monthly basis until they have used up the full 12 months they are entitled to under current rules.
Does anyone know if there are any rules or regulations that would prevent them from then submitting a second, restructured takeover bid in order to initiate another 12 months of pain and disruption? I am presuming that there are some restrictions on what they can do. I will continue to research this, but if anyone already knows the answer, I'd be happy to hear it.
Regards,
Bones
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