My understanding is that we just got shafted,
"Following Nkwe’s announcement on 19 March 2018 regarding the receipt of Zijin’s indicative non-binding proposal to acquire 100% of Nkwe via an amalgamation which, subject to amongst other things, stated the expected shareholder approval requirement of at least 75% of Nkwe shareholders (present and voting), Nkwe has received legal advice confirming that, pursuant to Bermuda law and Nkwe's bye-laws, the affirmative votes of a majority of votes cast by shareholders of Nkwe who are present in person or by proxy at a quorate meeting of the shareholders of Nkwe are required to approve the Amalgamation and Amalgamation Agreement."
NKWE directors are stating they have legal advice that an approval for amalgamation requires a majority of votes by share holders. Zijin have the majority and therefore can force an amalgamation.
So now we have to fight!
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