The directors of the company thought the offer was good, so they took it. The little shareholders didn't have a say.
"Primary Gold Ltd (ASX PGO) surged 30% on news of a takeover offer from its largest shareholder Hanking Australia.Hanking is a subsidiary of Hong Kong Stock Exchange-listed China Hanking Holdings Limited (HKSE:03788), has made an all-cash takeover offer of $0.0575 per share.Primary Gold’s independent directors have unanimously recommended that shareholders accept the offer, which represents a 47.3% premium to the last traded share price of $0.039 on 16 February 2018."
lets begin the next chapter, page-41
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
