KCN 4.43% $1.65 kingsgate consolidated limited.

General discussion, page-204

  1. 5,790 Posts.
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    I think it means - cowboy protester was saying the Thai preference shareholders are illegitimate (they had showed KCN ASX documents saying 'we hold 100% ownership of Akara, with liabilities due to the preference shareholders'). The government want to stop following up on that legal case re: the legitimacy of the preference shareholders, to get TAFTA over and done with, so they're saying publicly that Akara is 50% Thai (that the 50% owned by the preference shareholder is legitimate).

    They're legitimizing our holding structure in public to allow that specific legal question to go to rest.

 
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