Kingboard Copper - Special Situation

More
7 years 4 months ago #23509 by lotustpsll
In March.

Please Log in or Create an account to join the conversation.

More
7 years 3 months ago #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 ?

Please Log in or Create an account to join the conversation.

More
7 years 3 months ago #23600 by lotustpsll
This would be very serious indeed. As a remedy, in my view, the Court can order the dissolution of the company.

Please Log in or Create an account to join the conversation.

More
7 years 3 months ago #23602 by lotustpsll
Appeal hearing is scheduled on 6th and 7th March.

Please Log in or Create an account to join the conversation.

More
7 years 3 months ago #23622 by lotustpsll
Trading halt extended. Based on the reasons provided, a privatisation of minority shares seems imminent.

Please Log in or Create an account to join the conversation.

More
7 years 3 months ago #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.

Please Log in or Create an account to join the conversation.

Time to create page: 0.212 seconds
Powered by Kunena Forum
 

We have 2034 guests and no members online

rss_2 NextInsight - Latest News