Magna Resources Corporation Pte Ltd 40,613,340 19.33% Lawrence Consultants Pty Limited 21,143,118 10.06%
Meaning the MD with his 10% blocking stake, gets to pick a price if someone, other than Magna, wants control?
Don't tell me it is a Chinese consortium seeking 51% ownership... groan.... (see NGF and GDO)
Interesting timing with that ABC news report on CCU's problems, I was thinking to myself that that it signaled the bottom is in, just as an idea making it to the cover of Time magazine or a feature in the NY Times, tells me the trend is almost over. In retrospect maybe a predator got the story a run.
CCU Price at posting:
38.3¢ Sentiment: Buy Disclosure: Held