"they could make use of the ASX's 3%pa "creep" provisions to get to 90.01% shareholding at which point they could compulsorily acquire the remaining 9.99% of the company without offering a takeover premium. ".The FIRB might put a stop to that... depending on how loyal Penny Pong is to Australian interests..From memory, way back when, just after the CCP bought out all the smaller operations, some big questions were asked of the FIRB and how they could let it happen.
"they could make use of the ASX's 3%pa "creep" provisions to get...
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $8.041B | |||
| Open | High | Low | Value | Volume |
| $6.05 | $6.12 | $5.90 | $12.70M | 2.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.13 | 12098 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| YAL (ASX) Chart |