PZC pan asia corporation limited

Ann: Results of Meeting, page-9

  1. 2,355 Posts.
    lightbulb Created with Sketch. 239
    The proposal has past shareholders left in the dark.........
    anybody knows something maybe large shareholder the (one that bought @ 0.001) and mates are the ones that will get the update first and then retail.....

    "The parties have entered into an “extension agreement” under which GM “agrees and confirms that it will purchase TCM from the parties providing the conditions precedent are met by May 31, 2018”. "

    The conditions precedent are conditions which would be expected to be found in a commercial agreement of this kind, including:
    1. All Indonesian government and regulatory approvals are in place;
    2. The shares in IWM and TCM are free from any claim, option, charge, lien, encumbrance, right of pre-emption or third party right;
    3. IWM and TCM are not engaged in any litigation or other proceedings; and
    4. Any Australian regulatory approvals that may be required have been obtained
    IMO dyor
 
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