or perhaps a pre-emptive takeover defense to let suitors know they are ahead of it. But really, is that needed? Doubt it.
I expect Shenghe has mentioned it and they are working towards a takeover. The refreshed board are opportunist and would see it as a lucrative exit.
Long term shareholders inevitable impacted but as long as the valuation is closer to 1b, then i say go ahead.
Opportunist would also want the quickest , fair, exit ... I doubt they see that anywhere near sub 500m
or perhaps a pre-emptive takeover defense to let suitors know...
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $58.61M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.5¢ | 21.0¢ | $117.5K | 537.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25138 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 72140 | 3 |
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| Last trade - 15.59pm 29/07/2024 (20 minute delay) ? |
| PEK (ASX) Chart |