BCS 0.00% 40.0¢ brisconnections unit trusts

fang he/andrew bolton, page-6

  1. 30 Posts.
    Nobody knows what happened to Fang He's shares. But we do know Bolton didn't buy them because the transactions happened on different days. From this article last November:

    http://www.investsmart.com.au/news/news.asp?Action=Display&DocID=AGE081127Q73M56U14KL

    "Fang He, the Melbourne housewife who bought 8% of the company - with a potential $65 million debt to the company - has sold her shares. BrisConnections is desperate for her to file a substantial shareholder notice to discover who now owns the shares"

    She got rid of them through an off-market transfer - we'd have seen the volume of it was on market.

    She may have done something like transfer them to a homeless person to get rid of them, as suggested here. Nobody knows.

    Fang He's 'missing 8%' is a wildcard for the upcoming vote. I suspect we won't see the owner emerge at the EGM, which will make Bolton's taks of getting 75% extrememly difficult.
 
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