Perilya (PEM) is trading at 15.5c today. The board's approved a deal to issue new shares to Chinese firm Zhongjin at 23c. A shareholder's meeting next month (& review by the takeovers panel) isexpected to approve the deal. This will give Zhongjin a 51% controlling stake in Perilya & in turn, Perilya will get rid of it's debt problems. Question; How do you think Perilya's share price will be affected, once the issue is finalised? What share price should one expect? birdie
Perilya (PEM) is trading at 15.5c today. The board's approved a...
Add to My Watchlist
What is My Watchlist?