"So, what will happen with my shares if I just don't sell?
Will my AGM shares at some stage automatically be converted into ZFX shares?"
Until ZFX aor some other bidder obtain 90% of the AGM shares, AGM remains a listed company that will trade.
If ZFX or anyone else obtains more than 90% of AGM ,the remaining 10% of AGM shareholders can be forced to sell
Jinchuan has 10.4% of AGM
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