my theory: wni to up on market purchase price , page-5

There is also the possibility that the ChiComs will continue to mop up beyond 80% for the condition to delist may still not be satisfied.

The 80% threshold is just a psychological threat to intimidate. So far of all the companies I have held shares in and were taken over, they were all compulsorily acquired after the suitor gained 90% (with NOT one exception).

NOT one was able to delist at 80% (NOT EVEN Glencore in the case of MRE).

The longer we hold out, the higher the reward.