Pure speculation and not based upon any fact, for what it’s worth I wouldn’t be surprised if Mengniu offer knowingly gets knocked back by Auzzie authorities which would offer one last massive dump before SAMR gets knowingly approved. One last hurrah for the manpulaters
All based on its trading history over the last year . Such is the retail share market.
I have sold out after the offer and will wait on the side lines to see if this happens.
Bal is a great company that has been screwed by powers in the know. Why stop now.