Hi clik44c: Agree. In a Section 444GA application the shareholders do have option to challenge. So if CHEL tries that route and GXY sees that it will have its equity lost then they may well oppose it making Section 444GA non-applicable.
As noted in one of the posts, Section 444GA is more costly and more rarely used. CHEL may definitely not go down that track accordingly as GXY and Jiangte still as large shareholders will not like to see their investment lost. So they can oppose in court.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
