Yep. FFX owns 80% of the company that owns Morila. So Morila...

Yep. FFX owns 80% of the company that owns Morila. So Morila needs to be offloaded which means FFX will transfer its 80% shareholding to the new owner.
FFX then only holds the escrowed LLL shares plus cash as an asset.
So the BOD could sell FFX to the highest bidder. FFX still holds the escrowed shares so ASX conditions are met. As this basically amounts to a takeover it would need to be passed at a meeting. No chance of getting through.
Another option would be for the BOD to offload Morila and 'stonewall' until escrow is over and then deal with the out of escrow shares either by selling or return of shares without refence to holders. Then proceed to wind the asset free company FFX up.
Its a BS pretend announcement.