Xu has undoubtedly almost finished selling as his stake gets closer to 50%. Anything he can do to shake confidence in the company will allow him to make a cheaper selective capital reduction in the future. This is not legal according to the corporations act but ASIC have allowed it in their guidelines. Cant wait to have this legal rule tested im court if I dont like the offer. Its likely by then the price will be frozen and noone will be discussing the stock anymore.
Xu has undoubtedly almost finished selling as his stake gets...
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