As previously posted, I believe the solution is to have 4 directors, not six or eight, and then ASF could only claim one position based on their circa 25% holding. The Chinese can of course continue to buy the shares on market and do so until they have a larger control of the company.
The problem lies with the current Management who have under performed and who gave ASF the opportuntity to acquire such a large holding. Now that their jobs are on the line they now seek support (loyalty) from those shareholders whom they have failed to serve for so long.
I find it hard to convince myself that any new directors, Chinese or otherwise, could be any less progressive than the current crop.
R1
As previously posted, I believe the solution is to have 4...
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