TIE 0.00% 67.5¢ tietto minerals limited

Ann: Becoming a substantial holder, page-3

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  1. 1,310 Posts.
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    I assume "Wang" is a common name,so I probably wouldn't read too much into that.
    However, it does seem odd that the company felt the need to place shares to Zhaojin in a heavily subscribed raising. It is not as though they couldn't place the shares elsewhere.
    To the extent that it reduces the potential for competitive bidding, it is not good news. Maybe that's why there was a vote against some of the AGM resolutions.
    However, it is possible that the company will gain other benefits by having them on the register.
 
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