Majority of the 50m should be distributed back of current shareholders before the buy out to make the deal more attractive. Now I know the reason behind the sell down when Lepu paid over 80c for the share and yet there is no support at that level.
MKT The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint
Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive
