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
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $20.44M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $18.68K | 110.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 490 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 508 | 1 |
View Market Depth
| Last trade - 15.44pm 13/06/2025 (20 minute delay) ? |
| TOE (ASX) Chart |