I don’t think it would be Tianqi or associates unless they plan...

I don’t think it would be Tianqi or associates unless they plan to offer more. Firstly if they are willing to buy at 51.5 then they must really think this scheme is in trouble. Secondly only 25 % of shares need to vote against and the scheme fails. Also if 50% of voters vote against the scheme fails. Associates can’t become 50% of holders no matter how many they buy.