If the above report is true, it makes sense for LNK to-top up...

If the above report is true, it makes sense for LNK to-top up another 5.82% in PEXA to achieve majority control by spending approx $200m. (5.82% x $3.4b = $198m to gain 50% + 1 share).

Advantages of majority shareholding are numerous including:
(1) Easier & Efficient running/administration of subsidiary within the LNK group through significant voting rights,
(2) Major Cost savings (Audit, Co secretarial, HR, BOD/Shareholder Meetings etc. under 1 roof),
(2) Consolidation of financial statements of subsidiary into LNK group
(3) Streamline tax planning within the group
(4) Control premium receivable, if subsidiary is to be hived off

DYOR