"JBL also recently made offers by way of an off-market takeover bid for all of the issued shares in Henry Morgan Limited (HML), an ASX-listed investment company. Following the close of the offer, JBL obtained a relevant interest in 46.28% of HML. On that basis, JBL anticipates that HML’s accounts will be consolidated into JBL’s consolidated group accounts going forward.1 "
How do they expect they can consolidate HML's accounts into JBL's when they don't hold 50%?
Ann: JBL Notice of Dispatch of Bidder's Statement, page-2
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