first up - AI doesn't always hold the pieces to the puzzle, however, it appears to all revolve around china's new regulatory regime
thru' the term sheet shenghe gained a co-development role as opposed to just major holder and off take agreements - this puts them under heavier influence from the state
with this in mind and under pressure from tanz govt, PEK possibly, reluctantly saw this as the way to go - pure spit balling here and also guessing management/board are gonna take a hit as well with any buy ins, but of course, "performance shares" & salaries aside........
it's always a numbers game & if enough holders say no, there may be a better offer from shenghe
PEK Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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