APAC buying has, in effect done a Gina, however no one would...

APAC buying has, in effect done a Gina, however no one would look at any sort of M&A with a Chinese JV, due to differing governance and EOFY.

This will be a Chinese play, with just enough ASX shareholders to keep it listed. ( Maybe).

If not, it might only be purchased by private equity, which means that any sort of premium could be very limited.
Best the company stays trading like YAL , and we might rely on buybacks , or divvies, which too are somewhat unclear, with the current Rentails situation.

The only thing that might be relied on is government intervention, but as they are too involved in popularist politics in other lands, I wouldn't hold my breath......