if we vote No then shenghe can take their 19.9% and throw it down the toilet just like we would.
They could of course reapply for the license but so will alot of people.
So if we are sc*d, so are they.
So if we vote no they will sweeten the pot or join us in a plan b - they are shareholders just like us even though they played us and we were sold out by our board
As for another offer - Shenghe have a strong blocking stake at 19% but its not enough to stop a trade if EVERYONE voted yes, Just like they need 75% from us and they cannot vote, so will a new suitor need 75% without shenghe's vote
PEK Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)