Even if Sino gets to 50% MIS, it doesnt necessarily kill the merger.
Remember MMX and Harbinger have 20% of MIS between them.
If they hang on, Sino cant get to 90% for compulsory acquisition. Then MIS would remain a publicly listed company.
I dont think Sino would want to keep filing quarterly reports, and operating under continuous disclosure regime just for the sake of MMX and Harbinger.
There are games being played behind the scenes here.
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