Kingboard Copper - Special Situation

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20 Jan 2017 07:30 #23509 by lotustpsll
In March.

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22 Feb 2017 09:58 #23599 by Garak
The outcome of the hearing is likely to be positive for minority shareholders. We can assume that the controlling shareholders of Kingboard CF will honour the result of the court order? What is the legal "penalty" for not obeying ?

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22 Feb 2017 12:08 #23600 by lotustpsll
This would be very serious indeed. As a remedy, in my view, the Court can order the dissolution of the company.

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22 Feb 2017 18:04 #23602 by lotustpsll
Appeal hearing is scheduled on 6th and 7th March.

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02 Mar 2017 17:56 #23622 by lotustpsll
Trading halt extended. Based on the reasons provided, a privatisation of minority shares seems imminent.

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03 Mar 2017 20:45 #23626 by lotustpsll
Buyout offer at 40 cents announced. As NAV is at 66 cents, this offer is not attractive. Expect KB to kick off share buyback tomorrow to mop up shares (before the offer document is out).

No announcement of status of court appeal, hearing to start on next monday.

No need to rush to accept this low ball offer.

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