in short, no. its masqueraded as this, but at the core level it...

in short, no. its masqueraded as this, but at the core level it isnt this.
pursuing listing is one thing, asking to demerge with a chunk held in an offshore company, with no clear plan on what & when the new listing is , is another thing.

While one could argue its the first step towards listing a subsidiary elsewhere , the new shares will be held in an offshore entity, one needs more info to ensure shareholders rights are maintained so it will likely fail that second stipulation.

not trying to be a negative nelly, just making sure ppl understand the full ramifications of this decision.

Also if it was the same as Res 7, they wouldn't need another vote to do it now.