The difference here is Argyle Street are offering to buy up to 15% of the company for 14cps (hkd). It’s a predatory bid to give liquidity to those shareholders who desperately want it whilst the stock remains suspended. MLX has offered to buy the entire company subject to due diligence.
There’s two big groups of shareholders at Greentech I believe and these two groups no longer see eye to eye but perhaps neither group has majority control here.. seems like Argyle St just making an opportunistic play. Question I have is given Argyle Street’s prior ownership of MLX - is there a relationship there between them and MLX/APAC? All fun and games in the world of poorly governed Hong Kong listed shitco’s.
MLX Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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