SDL 0.00% 0.6¢ sundance resources limited

the auctioneer declares it's on the market, page-17

  1. 391 Posts.
    Its done by a scheme of arrangement, which is court ordered - this means that they can compulsorily acquire BELOW the normal 90% that you usually need to vanilla takeovers. i.e. if Hanlong control 75% they still may be able to compulsorily acquire your shares.

    On the other side of the blade, if someone else comes in with a SIA too, then THEY can acquire Hanlong's shares so long as 75% of other shareholders accept the superior bid.
 
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Currently unlisted public company.

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