RE: Golden summit19 Sep 2020 15:34
Hardly anything visible abut this company online. I note BMN LSE discussions in 2018. Appears to be under Thomas Chan Ho Lam former Goldman Sachs banker who served the late Nina Wang, who was Asia's richest woman. Mixture of propery/investment interests. Same name also appears in the Panama papers associated with Splendid Victory Group Ltd of Singapore. Also an article available from 2010 about a purchase of a £10M dollar bungalow in Singapore.
From what I can see, this may well be chicken-feed to Golden Summit. Perhaps that would make it less likely of some kind of conspiracy. The question about the AGM voting is interesting, which does suggest some kind of disagreement. I'm not assuming it is all as simple as a distressed seller. It is a shame (to say the least) that a mechanism could not be found to deal with this without months of selling on the market.
Anyway, I have taken the exit for the timebeing due to this event. I will take a look back at/around Duferco part 1 business. If it has gone up to 20p+ by then, then I will have missed out. GL.