Burmuda vs Australia

If this matter were being dealt with in an Australian context, Zijin would not fare well.

- Zijin refused to budge on the matter of fair price with minorities multiple times.

- Zijin has refused to provide reasonable explanations to tabled questions at AGM's.

- Zijin independent directors sided with merger option despite minority pleas (looks suspiciously like independent directors were paid off).

- Zijin allegedly threatened ASX with legal action should the ASX abide by Australian corporate law.

- Zijin attempt to coerce minorities by threatening to dissolve merger if more than 10% dissent.

Let's hope the Bermudan Court takes a broader view of the dimensions of this dispute than the price fairness reports.