Tony,
A buyer cannot compulsorily acquire all the shares in a company until they have got 90%. Hence a 10% holding is a blocking stake to a complete takeover of the company.
A company can, however, sell off its assets or any part of them. If the value of the assets to be sold is of greater value than 50% of the company's total asset value then a special resolution (75%+) of shareholders is required to approve the sale. In this scenario a 25% shareholding is a blocking stake.
Fisho
Tony, A buyer cannot compulsorily acquire all the shares in a...
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21776 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 94070 | 2 |
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| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |