Yes. APAC has increased its holdings from 8.8% to 15.3% within a matter of 2 weeks time. It's outside its strategic investment plan according to its 2018 report.
APAC sacked some board members. It raised capital without any problems and It could nominate its current executive director and deputy chairman of APAC to lead MLX without any problems too.
APAC and other hedge fund managers had been making money for shorting Mlx when they disclosed their holdings with reduced interests in the company and now they're received 15M entitlement offers at dirt cheap price.
APAC indicated clearly the MLX shares were available for sale and now It is the sole buyer on the market.
Actually there's no resolution and retail shareholders must stick under its wings. Swoooooop
MLX Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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