I don't think it is Alkane's choice but regulations. Can anybody explain this better?
Alkane aren't holding anything in ASM. They are distributing them to shareholders.
This was part of the Alkane demerger announcement:
At the completion of the Demerger, if approved, shareholders of Alkane will have the same
proportional ownership in both Alkane and ASM, with the exception of Ineligible Foreign
Shareholders (refer to the upcoming Demerger Booklet for details relating to investors with
registered addresses outside of Australia and New Zealand). Under the Demerger, the Alkane
and ASM entities will be separated, and no cross-holdings between companies will exist.
Watch out for cheap takeover offers once ASM demerger undertaken, page-32
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51.5¢ |
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