There's an article in a few of the newspapers today that explain the court action by APAC and some of the investors linked to APAC. Some of the article below. Is this what we want?Court claim over billionaires' 'shifty' move to nab Nifty mine
A company linked to one of Asia’s richest families, the billionaire Lee clan, has found itself in the middle of a stoush over board seats at Perth-based miner Metals X amid allegations it is trying to launch a soft takeover without lodging a formal offer. The allegations are included in documents filed in the Federal Court.
Metals X’s biggest shareholder, APAC Resources, is linked to the family of 1980s corporate raider Lee Ming Tee through the Hong Kong listed Allied Properties group. The company is readying for a showdown at Metals X’s annual general meeting in Perth on Thursday after its push for a seat on the board of the struggling tin and copper miner was rejected by the company.
Ann: Ceasing to be a substantial holder from MS, page-8
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