You are spot on. Pre-emptive rights mean they (current JV) have an opportunity to buy the stake which is going to non-APLNG partner. Sinopec will also have the opportunity to exercise the pre-emptive rights and if that happens the value might increase!
Irrespective Origin's position will remain at 27.5%
ConocoPhillips to acquire 10 per cent more APLNG from Origin for up to $2.3 billion, page-7
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Last
$10.54 |
Change
0.000(0.00%) |
Mkt cap ! $18.15B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.58 | $10.33 | $40.49M | 3.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2027 | $10.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.54 | 9754 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| ORG (ASX) Chart |