ummmmmmmmm...... unless i am reading stuff wrong i get the impression that some peeps think that ASIC actually approve a demerger. ... they rubber stamp that it is legal is all. nah. Shareholders are the peeps that APPROVED the isx demerger.... not ASIC. ASIC just say the prospectus meets the law and that the proposed demerger itself is considered to fall inside the law..... rubber stamping.
what asic did not do was to try and prevent the demerger via the courts...... but what legal basis would they have tried to do that under?? what law was being broken by the demerger??
