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.
If this matter were being dealt with in an Australian context,...
Add to My Watchlist
What is My Watchlist?