A person who has a greater than 10% shareholding interest in an ASX-listed company will be able to prevent a majority shareholder from moving to 100% ownership through compulsory acquisition, because the compulsory acquisition threshold is set at 90%.
Why would try to get exactly 10% controlling interest.
If it was a random number 5-7% sure.
Wouldn’t be so certain it’s pure shorting profits.
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Last
20.5¢ |
Change
0.040(24.2%) |
Mkt cap ! $24.65M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 20.5¢ | 17.5¢ | $100.8K | 539.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19055 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 12884 | 1 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| TOE (ASX) Chart |