Agree, lots of immediate questions to be answered here on this stock.
Major owner of Allied Overseas Ltd is Sun Hung Kai.....AOL by way of its purchase of about 26% of APAC....and that Substantial Shareholder Notice strongly suggests AOL/Sun Hung Kai have control now of APAC.
Previously Sun Hung Kai had disclosed a MGX top 20 list...a 18.5% gross holding in the company.(via its ownership in APAC)
Purchase of additional shares by Sun Hung Kai...over and above that 20% means MGX can, and will object to Takeover Panel...same as 2008.
It seems so obviuos this time, that Takeover Panel will again stop AOL purchase of COL shares in APAC.....that I agree maybe AOL will move on the company.
See relevant link below;
http://www.theaustralian.com.au/business/opinion/panel-pummels-chinese-chancers/story-e6frg9lx-1111116386348
- Forums
- ASX - By Stock
- takeover??
Agree, lots of immediate questions to be answered here on this...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $462.9M |
Open | High | Low | Value | Volume |
38.5¢ | 39.0¢ | 38.0¢ | $885.8K | 2.300M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 943011 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 58792 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 880117 | 0.380 |
10 | 221240 | 0.375 |
14 | 497367 | 0.370 |
4 | 61489 | 0.365 |
6 | 78000 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 39720 | 1 |
0.395 | 107000 | 7 |
0.400 | 165873 | 5 |
0.405 | 80000 | 2 |
0.410 | 77300 | 4 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |