PEM's anouncement indicted that the placement will "secure the future of Perilya as an independent company" and that Zhongjin will be a "strategic partner."
Surely imo that is playing with words as Zhongjin will obtain 50.1% of PEM. On my understanding that means Zhongjin CONTROL the company, Zhongjin have a MAJORITY OWNERSHIP of PEM.
So on my understanding that means PEM is NOT an "independent company."
It looks to me that this is what is called being taken over via a share placement to astute Chinese investors at the bottom of the market.
- Forums
- ASX - By Stock
- PEM
- great deal for pem. will this rocket now
great deal for pem. will this rocket now, page-7
-
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online