Interesting to see if the RE does it's duty here. When Alceon attempted to backdoor MXQ, the RE required that Alceon follow the ASX rules regarding backdoor listing and issue a prospectus with the resultant cost and time wait. No upside for unitholders to have to wait for a vote or not receive their capital. If they really like KBC, they can sell their units and go and buy KBC on market. This looks like an attempt to get control of $12m of fum for no control premium
HHY Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held