They already have a blocking stake and enough cash to buy a further stake if a TO comes from somewhere they don't like. I suspect the CFDA was the reason they took a greater stake in Synlait.
But remember that a TO of Synlait by someone else doesn't mean they get automatic CFDA certs for their own products, they would have to go through the same process again.
Ann: Ceasing to be a substantial holder, page-22
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Last
$6.99 |
Change
0.140(2.04%) |
Mkt cap ! $5.075B | |||
| Open | High | Low | Value | Volume |
| $6.86 | $7.03 | $6.81 | $8.449M | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 11018 | $6.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.99 | 16024 | 15 |
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| Last trade - 15.08pm 17/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |