I very much doubt they'll delist after Phil's b.s the other day. it will be business as usual with BCPE being a passive onlooker (although being largest share holder).
""" this is an exciting time for the Company and we
look forward to steering the strategic direction of the Company with the benefit of a strong
supporting shareholder.”""
""Nido Announces Strategic Review
In the context of BCP Energy Pte Ltd (‘BCPE’) acquiring control of the Company the Board
intends to use this opportunity to undertake a strategic review of the business and to
consider initiatives to improve the attractiveness of the Company’s capital structure.
This review will consider several initiatives and has the potential to include a possible share
consolidation and a sale of unmarketable parcels in order to make the register more
attractive to investors and to reduce share price volatility. We will keep shareholders updated
as the strategic review progresses. Phil Byrne, Managing Director, commented: “this is an exciting time for the Company and we
look forward to steering the strategic direction of the Company with the benefit of a strong
supporting shareholder.”""
NDO Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)