Agree, lots of immediate questions to be answered here on this stock.
Major owner of Allied Overseas Ltd is Sun Hung Kai.....AOL by way of its purchase of about 26% of APAC....and that Substantial Shareholder Notice strongly suggests AOL/Sun Hung Kai have control now of APAC.
Previously Sun Hung Kai had disclosed a MGX top 20 list...a 18.5% gross holding in the company.(via its ownership in APAC)
Purchase of additional shares by Sun Hung Kai...over and above that 20% means MGX can, and will object to Takeover Panel...same as 2008.
It seems so obviuos this time, that Takeover Panel will again stop AOL purchase of COL shares in APAC.....that I agree maybe AOL will move on the company.
See relevant link below;
http://www.theaustralian.com.au/business/opinion/panel-pummels-chinese-chancers/story-e6frg9lx-1111116386348
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31.5¢ |
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Mkt cap ! $377.6M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 30.5¢ | $988.2K | 3.205M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 76494 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 631756 | 1 |
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No. | Vol. | Price($) |
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2 | 76494 | 0.345 |
1 | 4615559 | 0.340 |
10 | 1540040 | 0.335 |
5 | 856627 | 0.330 |
1 | 13107 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 631756 | 1 |
0.275 | 109212 | 1 |
0.280 | 1728558 | 1 |
0.285 | 1075994 | 4 |
0.290 | 353681 | 5 |
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