VBA virgin blue holdings limited

virginafr: group swoops in for a bigger stake, page-9

  1. zwu
    2,454 Posts.
    lightbulb Created with Sketch. 9
    I am getting a bit conpounded.

    Newspapers always say that PRK has only 45% of the voting power and wants to gain the 50+% control. Why it turn out that PRK had already got 70% control even before the bid? So why couldn't PRK change the VBA management right away?
 
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