This is a good deal for Linc. The valuation of $2.3 bn. Is very misleading though. These guys have also been given a licence for the whole of China.
Even if accumulating 5% on market would have driven up the share price and on market purchase would not have delivered this.
Investing in equity and getting a cheap licence and the committed support of an experienced team is good sense and very tax effective for Linc.
