Way back last year, in April 2022, Ms Mullan, a geologist and director of BE, was suspended from her role as a director.
No reason given, but most likely to be that she supported Au Xingao in their rival takeover bid against EMR.
All the others involved, the BOD of BE and EMR opposed the Au xingao bid.
Ms Mullan subsequently departed Australia back to Eire, and probably will never set foot in Australia again.
The mullans are no strangers to the Take Over Panel.
How will the President or the Panel view representations from foreign shareholders ?
(Au xingao is an Australian entity set up to represent Xinhe in Australia.)
The proceedings may have the effect of delaying the acquisition of remaining BE shares.
How ironical that Xinhe and Au Zingao may now be on our side, and wish to see their settlement from BE, and ultimately ownership of EMR shares to become part of the EMR family, come to fruition as soon as possible.
I still think that since Au Xingao took BE and EMR to court and fought a legal battle, that they deserve the so called 'preferential treatment'
Remaining BE shareholders have no right to preferential treatments. Many may in fact wish to see their shares change hands asap and feel as frustrated as we all are once again.
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