well would have been interesting if GGG did shed or purchased the shares back from Shenghe. Doesn't seem to be have been any attempts; based on the last AGM transcript.
It's "tainted" still. Got to wonder what DM does to straighten on the registry. The Japanese for instance have been exercising look-through provisions, and even a "%" holding of say <15% (or even <10%) is material enough, (i've yet to see a ~5% example) warrants enough influence to scuttle investment.
The old days of wrapping up China investors into Singapore Companies is no longer workable (especially with state-run links).
This I conclude there will probably be consolidation, and scheme of arrangement at some point; as GGG desperately needs a vend-in to continue viability as a listed vehicle (due to the pending cash / asset (impairment) ratio imbalance). The classic conversion into an IT / NFT play lol.
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