Slides 18 & 20 here:
https://download.asic.gov.au/media/...sible-entities-slide-pack-tagged-20220128.pdf
The bidder and the responsible entity are associated. Conflict of interest much?
This has happened before with PaperlinX vs PXUPA affair - although the bankers that wrote the prospectus for the latter were cunning enough to issue the 1 'golden share' in PXUPA to PaperlinX so that the responsible entity could be deemed to be "acting in the best interests of unitholders".
APW's Wang-Nott-Love trio weren't as crafty with writing loopholes into governance structure, and the nature of the units are different, so it will be interesting to see what the RE does.
Ann: Receipt of Request for Meeting, page-4
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