Just look at REY.
They do a continuous buy back of shares, then announce a capital rasing which the Directors and friends underwrite. Zero take up by non Chinese shareholder.
Underwriters buys it all and then funds received used to buy more shares on market.
Ultimately Chinese get more and more control.
But why?
Well in REY case the royalty should be quite valuable if BURU ever produces any oil.
But in the case of NSE and OBL I have no idea why except my speculation.
Just look at REY. They do a continuous buy back of shares, then...
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