"Bullseye, Hong Kong Xinhe International Investment Company Limited (Xinhe) and Au XingaoInvestment Pty Ltd (Au Xingao) and various other parties have reached a final settlement ofthe following matters (Settlement)"
"Following the completion of the Settlement it is anticipated that Xinhe, Au Xingao and theirrelated entities will collectively hold or control a total of 92,281,328 Bullseye Shares (18.20%)."
I think the above two quotes indirectly set an order for events. Although all sides have "reached a settlement", it is only on "completion of the settlement" that the chinese ultimately get the additional 22M shares for them to get a 18.2% holding. And by definition if they hold 18.2%, then none of their shares will have been swapped for EMR script. And for EMR to be in a position to acquire all their shares, the offer must be live.
I would have thought that settlement is only complete when the court cases are all formally finished, but who knows.
If the procedures around winding up all the cases drags on a bit and EMR doesn't feel comfortable issuing the new shares until the cases are wound up, it might require the share offer closing period to be extended.
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$3.38 |
Change
-0.050(1.46%) |
Mkt cap ! $2.217B |
Open | High | Low | Value | Volume |
$3.36 | $3.40 | $3.15 | $8.686M | 2.618M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 995 | $3.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.38 | 19093 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 995 | 3.360 |
4 | 15967 | 3.350 |
3 | 27840 | 3.340 |
2 | 9181 | 3.330 |
2 | 20995 | 3.320 |
Price($) | Vol. | No. |
---|---|---|
3.380 | 19093 | 7 |
3.400 | 14972 | 3 |
3.410 | 32127 | 4 |
3.420 | 8186 | 1 |
3.430 | 146 | 1 |
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